Fairmont Hotels

TORONTO, Fairmont Hotels & Resorts has announced a new property in Greece, the Fairmont Corfu Resort & Spa, slated to open in 2012. The resort will join Fairmont properties in the region including Fairmont Hotel Vier Jahreszeiten, Hamburg; Fairmont St. Andrews, Scotland; Fairmont Monte Carlo; London's Savoy, reopening next year following an extensive restoration and the future Fairmont Kyiv, Ukraine.

The 240-room resort is located on the Greek island of Corfu, on the eastern coast of the island, bordered by olive groves, cypress-forested areas and sandy beaches with views of the Ionian Sea and the surrounding mountains.

The property will feature six food and beverage outlets, 1,800 square meters of banquet and meeting space and a 1,500 square-meter Willow Stream Spa featuring 17 treatment rooms and health club. Willow Stream Spas are award winning luxury spas with spaces inspired by the energy of the location. They specialize in authentic spa treatments and create social gathering places and private nurturing spaces. The complex will also include 10 Fairmont-branded residential villas, a beach club, a Tennis Academy and a marina.

Fairmont Corfu Resort & Spa will be north of the old city of Corfu, which was recently listed on the UNESCO's World Heritage List. Fairmont works in partnership with the World Heritage Alliance, a joint initiative of the United Nations Foundation and Expedia, Inc., to promote conservation, sustainable tourism, and economic development for communities located in and around World Heritage sites.

The project is developed by Corfu Gardens SA, a subsidiary of Austria-based Akrin Holding GmbH. Akrin Holding's activities include commercial, residential and leisure developments in Russia, energy and logistics projects as well as investments in the Baltic region and Central Europe.

"Fairmont's history of hospitality and responsible tourism made it ideal to operate this resort, said Vladimir Toporkov, Managing Director of Corfu Gardens S.A. "We are pleased that the Fairmont Corfu Resort & Spa will join a collection of iconic and legendary hotels across the globe."

Thomas W. Storey, President, Fairmont Hotels & Resorts said, "The addition of Greece expands our European collection with a Mediterranean resort, a perfect complement to our portfolio. This allows us to provide luxury-seeking travelers with enriching and memorable experiences reflective of this very distinctive island destination."

Fairmont Corfu Resort & Spa joins a number of recent announcements across the globe, including Fairmont Marakkesh, Morocco; Fairmont Hyderabad, India; Fairmont Roco Ki, Dominican Republic; Fairmont Haitang Bay Resort, Sanya, China; Fairmont Abu Dhabi Creek and Fairmont Makati, Philippines.

ABOUT FAIRMONT HOTELS & RESORTS | A leader in the global hospitality industry, Fairmont Hotels & Resorts is an extraordinary collection of luxury hotels, which includes iconic landmarks like Fairmont Le Ch?teau Frontenac in Qu?bec City, Fairmont The Norfolk, Nairobi and London's The Savoy, reopening in 2009. Fairmont hotels are one-of-a-kind properties where sophisticated travellers can discover culturally rich experiences that are authentic to the destination. Situated in some of the most exclusive and pristine areas in the world, Fairmont is committed to responsible tourism and is an industry leader in sustainable hotel management with its award-winning Green Partnership program. Fairmont's portfolio includes 56 distinctive hotels, with plans to develop over 25 new properties in the coming years in destinations as diverse as Shanghai, Morocco and Anguilla.

Fairmont is owned by Fairmont Raffles Hotels International, a leading global hotel company with 91 hotels worldwide under the Raffles, Fairmont and Swiss?tel brands. The company also manages Fairmont and Raffles branded Residences, Estates and luxury private residence club properties. For more information or reservations, please call 1-800-441-1414 or visit .

ABOUT CORFU GARDENS S.A. | Corfu Gardens S.A. owns 26.5 hectares of land on the East side of Corfu Island, Greece and is a subsidiary of Austria-based Akrin Holding GmbH, which holds investments in European countries including Switzerland, Greece and Russia. The company's principal activities are hydrocarbon production and refinement in Western Siberia and Central Russia, property development and management in major cities throughout Russia and agricultural activities in Central Russia. The Corfu project, noted for its beauty and ideal location, is the company's first tourism venture.