Wednesday, November 19, 2008

Fairmont Heritage Place Increases Portfolio With New Sun and Ski Destinations



New Property Additions Strengthen the Brand's Collection of World-Class Fractional Products

Fairmont Heritage Place, the private residence club offering from Fairmont Hotels & Resorts, today announced that it has assumed management of two North American-based private residence clubs formerly operated by Storied Places(R), an Intrawest company. Joining Fairmont Heritage Place's exclusive collection are the Fairmont Heritage Place at Nature's Door, Whistler and Fairmont Heritage Place Inspiration, Miramar Beach in Sandestin, Florida. These additions enhance and extend the Fairmont Heritage Place portfolio, which now consists of five locations, over 200 luxury homes and more than 2,000 homeowners worldwide.

"The addition of these leading resort destinations, combined with recently announced private residence projects in places like the Kingdom of Sheba development on the Palm Jumeirah in Dubai, Zimbali in South Africa and Vail, Colorado, supports our residential growth strategy of adding developments that are of the highest quality, situated in the world's most spectacular locations, and offer a unique mix of lifestyle and leisure offerings," said Thomas W. Storey, President, Fairmont Hotels & Resorts. "New homeowners will have the opportunity to enjoy the exclusive benefits and privileges of Fairmont Heritage Place, such as club-to-hotel exchanges, and we look forward to providing them with the personalized and thoughtful service that has made Fairmont famous throughout the world."

Providing ski-in, ski-out access next to the Dave Murray Downhill Olympic Ski run, Fairmont Heritage Place at Nature's Door, Whistler features 22 well-appointed and fully furnished vacation homes. Reflecting the rustic charm of the Pacific Northwest, these luxury homes range in size from three to four-bedrooms and offer mountain inspired amenities like private outdoor hot tubs, customary wood-burning fireplaces, and wrap-around decks providing unparalleled views of Whistler Blackcomb. Original artwork by local British Columbian artisans adorn each home and all feature private media centers equipped with large flat panel televisions and DVD players.

Overlooking the protected wetlands of Choctawhatchee Bay and nestled amongst the lush fairways and manicured greens of the award-winning Burnt Pine Golf Club rests the 20 luxury homes of Fairmont Heritage Place Inspiration, Miramar Beach. Here homeowners enjoy the comfort of three-bedroom residences that showcase vaulted ceilings, wrought-iron canopy beds, and kitchenettes featuring White Carrera Bianco marble and stainless steel countertops. Within the resort development itself, homeowners also have convenient access to the new Village of Baytowne Wharf, four-championship golf courses, the Sandestin Golf Academy, a 98 slip-marina, 15 tennis courts, and 17 restaurants including waterfront dining.

"These exquisite private residence clubs are extremely successful and consistently receive some of the highest guest satisfaction ratings in the lodging industry," said Brian Collins, President at Intrawest ULC. "There is tremendous compatibility with our Storied Places fractional ownership concept and Fairmont's private residence club. This new ownership model will introduce the Fairmont brand to Sandestin and deepen their brand presence at Whistler Blackcomb which will maximize the benefits for owners. As we look toward the future, Intrawest will continue to seek opportunities to partner with Fairmont to design, build, manage and operate new and innovative real estate projects."

Fairmont Heritage Place is a leading operator of private residence clubs throughout the world. Featuring luxury home developments in world-class destinations like San Francisco, Telluride and Acapulco, Fairmont Heritage Place combines the impressive amenities and attentive service of Fairmont Hotels & Resorts with the luxurious comforts of an elegant private retreat. Fairmont Heritage Place owners, as well as being able to enjoy their own homes, can utilize their allotted time at other Fairmont Heritage Place locations around the world. They also have the unique opportunity to enjoy exchange privileges at Fairmont's collection of distinctive hotels and resorts, including landmark properties like the century-old Savoy hotel in London and The Fairmont Banff Springs in the Canadian Rockies.

About Fairmont Heritage Place

Fairmont Heritage Place is an exclusive private residence club collection offering vacation home ownership in some of the world's most sought after locations. Fairmont Heritage Place Acapulco, its first residence club, opened in September 2004 and is now sold out. Fairmont Heritage Place also manages the Fairmont Heritage Place Franz Klammer Lodge in Telluride, Colorado and San Francisco's Fairmont Heritage Place, Ghirardelli Square, which officially opened in August 2008. Sales are currently underway for Fairmont Heritage Place, Kingdom of Sheba, on the Crescent of The Palm Jumeirah island in Dubai, and Fairmont Heritage Place, Zimbali, South Africa. Future development is being planned at select Fairmont resort locations including Vail, Colorado; Rock Ki, Dominican Republic; Oman; and Palm Desert, California.

For More Information Visit: PrivateResidenceClubs.com