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Fairmont Hotels & Resorts Expands to Changsha, China

Hotel and Conference Center to Open in 2016

TORONTO, ONTARIO -- (Marketwire) -- 11/08/12 -- Fairmont Hotels & Resorts (Fairmont), in partnership with Hunan Taskin Investment Co. Ltd, today announced a new property scheduled to open in 2016 in Changsha, the capital of Hunan Province and a vital crossroad in the transport network of central China. In addition to a luxury hotel, the global hotel leader will also manage an adjacent new 40,000 square meter conference center at Taskin City in Shengfu New Town - a burgeoning financial and government district of Changsha.

Fairmont Changsha will offer corporate and leisure travelers 350 guestrooms and suites, several lounges and restaurants, Willow Stream - the company's award-winning signature spa brand - as well as fitness and pool facilities.

Taskin City is a master planned development designed by RTKL, slated to become one of the largest developments in Central China. It will feature 14 Grade-A office towers, large-scale international shopping centers with above and underground space, luxury retail, 900-meter long pedestrian areas and leisure facilities including an ice-skating rink, 4D & IMAX cinema, arts center and theater. Additional offerings will include high-end residential developments as well as an international school.

"Changsha will be home to Fairmont's ninth hotel in the Asia-Pacific region as we continue to expand in this important part of the world," said Jennifer Fox, President, Fairmont Hotels & Resorts. "The city's energetic growth is fueled by entertainment, finance, culture, construction and manufacturing and other industries, ensuring Changsha's position as one of the most dynamic economic engine in central China."

With a 3,000 year-old history, Changsha offers a variety of leisure and cultural attractions and in recent years has established itself as regional epicenter for television production, entertainment, and theatre. The city of more than 7 million is also a major interior commercial port and has been identified as one of China's 20 most economically-advanced cities.

Fairmont Changsha joins Fairmont Beijing, China; Fairmont Chengdu and Residences, China (2015); Fairmont Jakarta, Indonesia (2014); Fairmont Makati, Philippines (2012); Fairmont Nanjing, China (2013); Fairmont Peace Hotel, Shanghai, China; Fairmont Singapore, Fairmont Taiyuan, China (2014) and Fairmont Yangcheng Lake, China.

About Fairmont Hotels & Resorts

Fairmont Hotels & Resorts, which arrives in destinations as diverse as Jaipur, Kyiv and Manila in 2012, is a celebrated collection of more than 60 luxury properties around the globe, including Shanghai's Fairmont Peace Hotel, The Plaza in New York, and Makkah Clock Royal Tower in the Kingdom of Saudi Arabia. The luxury brand's distinctive hotels offer a sense of heritage and sophistication, warm, engaging service and culturally rich experiences. A community and environmental leader, Fairmont is also recognized internationally 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 Swissotel brands. The company also manages Fairmont, Raffles and Swissotel branded luxury private residences club, whole-ownership residences and serviced residences properties. For more information or reservations, please call 1-800-441-1414 or visit fairmont.com.

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

About Hunan Taskin Investment

Hunan Taskin Investment Co. Ltd (established in 2008) is a subsidiary under Shenzhen Taskin Investment Limited, which is one of China's most influential real estate organizations focusing on urban complexes development and research. Taskin has been involved with real estate business in over 30 Chinese cities and has a strategic focus on Pearl River Delta, Yangtze Delta and Bohain Bay regions.

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