Real Estate for Fairmont Hotels & Resorts
|TORONTO, Dec. 13, 2004 - Fairmont Hotels & Resorts Inc. (TSX/NYSE:
FHR) announced today a new corporate position dedicated to maximizing the
value of the Company's extensive owned real estate. Michael F. Glennie
will become Executive Vice President, Real Estate effective January 2005,
reporting to William Fatt, Fairmont's CEO.
"Fairmont's unique portfolio of globally recognized hotel assets and considerable undeveloped land merit a team member dedicated to ensuring their full potential," said Mr. Fatt. "This management addition strengthens our capacity to extend the Fairmont brand by focussing on three critical areas: operations, growth and asset maximization."
Glennie's illustrious 30-year career spans a diverse array of luxury lodging projects and resorts, most recently as President and CEO of Ripplewood Lodging and the Phoenix Resort companies, a hospitality business focused on acquiring and operating hotels in Japan. Prior to that, Glennie was employed by Boca Resorts, Inc. as President of the Boca Raton Resort & Club, then Senior Vice President, Resort Operations.
"Michael's combined history of financial and operating success at unique real estate properties and his seasoned business acumen make him ideal for this new role," Mr. Fatt noted. Glennie has also held a variety of management positions with RockResorts and served as Manager of New York's Waldorf-Astoria. He holds a Bachelor's degree in Hotel Administration from the University of Surrey in the United Kingdom.
Fairmont's implementation of an Executive Vice President, Real Estate extends key management strength. As President and Chief Operating Officer Chris Cahill will continue to oversee the Company's hotel management operations. Tom Storey, Fairmont's Executive Vice President, Development is responsible for Fairmont's growth strategy, including the Company's vacation ownership division and new business development.
About Fairmont Hotels & Resorts, Inc.
Manager, Public Relations
Fairmont Hotels & Resorts
|Also See:||Michael Glennie Stepping Down as President of Phoenix Resort Ltd., Operator of the Phoenix Seagaia Resort in Japan / November 2004|
|Michael F. Glennie Departs Boca Resorts, Inc, Commits to Making Seagaia One of the Great Resorts of the Asia-Pacific Region / Sept 2001|
|Michael F. Glennie named Senior Vice President at Florida Panthers Holdings, Inc. / Nov 1998|