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Fairmont Hotels & Resorts to Add Moscow's Pekin Hotel to its Collection

Property to Undergo Extensive Renovation and be Rebranded as
Fairmont Pekin Moscow Reopening in 2017


TORONTO, ONTARIO--(Oct. 19, 2011) - Fairmont Hotels & Resorts, which operates some of the world's most storied and luxurious hotel properties such as The Plaza in New York, London's The Savoy, Fairmont Peace Hotel Shanghai and Fairmont San Francisco, will soon welcome another notable icon, Moscow's Pekin Hotel, to its collection. Following an extensive restoration program, this historic property will be rebranded Fairmont Pekin Moscow and will reopen in 2017.

The project is being developed by HALS-Development, a prominent real estate development company in Russia.

Fairmont Pekin Moscow will be centrally located in the city, at the junction of the Garden Ring and Triumfalnaya Square. Opposite is the Mayakovsky Monument and metro station, while the Tchaikovsky Concert Hall, Satire Theater and Red Square are situated nearby. The hotel will feature 236 spacious guestrooms and suites, including Fairmont Gold, the brand's exclusive room product that offers guests personalized service, a variety of amenities and the relaxed comfort of a residential-style lounge. Guests will also enjoy a selection of dining venues, 950 square meters of meeting and function space as well as a Fairmont branded spa and fitness facilities.

Completed in 1955 to designs by Dimity Chechulin, one of the Soviet Union's most famous architects, the Pekin Hotel was part of the post-war redevelopment of Moscow. Chechulin, a former City Planner, also built Moscow's White House, four of the renowned Metro Stations and one of the Seven Sister buildings.

Fine architectural details including the façade and internal spaces will be restored and extended to some other parts of the building. During the renovation, the Chinese motifs found in parts of the hotel will be highlighted to emphasize the period design of the property.

"We are fortunate to count some of the most iconic hotels in the world amongst our portfolio and we take our role as custodians of these great properties very seriously," said Chris Cahill, President, Fairmont Hotels & Resorts. "This project not only affords us the opportunity to offer our guests a new, key destination in the largest country in the world but allows us to partner with HALS Development, which in addition to being a highly regarded property developer also shares our sensibility for heritage and preservation."

Future Fairmont openings in 2012 include Baku, Azerbaijan; Jaipur, India; Kyiv, Ukraine; Manila, Philippines and The Palm, Dubai, UAE.

ABOUT HALS-DEVELOPMENT

HALS-Development is one of the leading diversified companies in the Russian and CIS real estate market. The first Russian property developer to list shares on the main market of the London Stock Exchange, shares of HALS-Development are also listed on the Moscow Interbank Currency Exchange, the Moscow Stock Exchange and the Russian Trading System Stock Exchange. An ability to combine a careful approach to cultural heritage with the latest global trends in the sphere of construction allows HALS-Development to preserve and harmonically develop the historical profile of Moscow. Presently, HALS-Development is involved in the construction of a number of key real estate projects, including the renovation of the Central Detsky Mir in Lubyanka Square; the development of the Pekin Hotel, construction of the SkyLight business center among others in Moscow and other regions.

ABOUT FAIRMONT HOTELS & RESORTS

Located in world-class destinations around the globe, Fairmont Hotels & Resorts is a celebrated collection of hotels that includes landmark locations like London's The Savoy, New York's The Plaza, and Shanghai's Fairmont Peace Hotel. With more than 60 hotels, Fairmont is known as much for its warm, engaging service and culturally rich experiences, as its classic hotels that imbue a sense of heritage, sophistication and social importance and are often considered destinations in their own right. A community and environmental leader, Fairmont is also regarded for its responsible tourism practices and award-winning Green Partnership program. Fairmont is owned by FRHI Holdings Limited, a leading global hotel company with over 100 hotels under the Fairmont, Raffles, and Swissôtel brands. The company also manages Fairmont and Raffles branded estates and luxury private residence club properties. For more information or reservations, please call 1-800-441-1414 or visit www.fairmont.com.

Become a fan of Fairmont. Join our online communities at www.everyonesanoriginal.com, www.twitter.com/fairmonthotels, and www.facebook.com/fairmonthotels. For career opportunities, visit www.facebook.com/fairmontcareers.

Contact:

Fairmont Hotels and Resorts
Lori Holland
212/715-7098
lori.holland@fairmont.com

Fairmont Hotels and Resorts
Mike Taylor
416/874-2457
mike.taylor@fairmont.com


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