Fairmont Hotels & Resorts Inc. Announces Effectiveness Of U.S. Registration Statement In Connection With Previously Issued Conve
09 Avril 2004 - 12:49AM
PR Newswire (US)
Fairmont Hotels & Resorts Inc. Announces Effectiveness Of U.S.
Registration Statement In Connection With Previously Issued
Convertible Senior Notes And Underlying Common Shares TORONTO,
April 8 /PRNewswire-FirstCall/ -- Fairmont Hotels & Resorts
Inc. ("FHR") (TSX/NYSE: FHR) announced today that a Registration
Statement on Form F-10 relating to the resale in the United States
of US$270.0 million principal amount of 3.75% convertible senior
notes due 2023, and the common shares issuable upon conversion of
these notes, has been declared effective by the United States
Securities and Exchange Commission (the "SEC"). The convertible
notes were originally issued in an unregistered offering in
December 2003, and the Form F-10 was filed with the SEC on April 6,
2004. The convertible notes and common shares issuable upon
conversion thereof are subject to resale restrictions in Canada
and, prior to May 20, 2004, may not be offered or sold to Canadian
persons. FHR will not receive anyproceeds from any resale by the
selling security holders of the convertible notes or the common
shares issuable upon conversion of the convertible notes. This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state. Copies of the prospectus
relating to the offeringof the convertible notes and the common
shares issuable upon conversion of the convertible notes may be
obtained by submitting a written request to: Fairmont Hotels &
Resorts Inc., Corporate Secretary, Canadian Pacific Tower, 100
Wellington Street W., Suite 1600, Toronto, Ontario M5K 1B7, Canada.
About Fairmont Hotels & Resorts Inc. FHR is one of North
America's leading owner/operators of luxury hotels and resorts.
FHR's managed portfolio consists of 83 luxury and first-class
properties with more than 33,000 guestrooms in Canada, the United
States, Mexico, Bermuda, Barbados and the United Arab Emirates. It
holds an 83.5% controlling interest in Fairmont Hotels &
Resorts ("Fairmont"), North America's largest luxury hotel
management company, as measured by rooms under management. Fairmont
manages 44 distinctive city center and resort hotels such as The
Fairmont San Francisco, The Fairmont Banff Springs, Fairmont Le
Chateau Frontenac and The Fairmont Scottsdale Princess. FHR also
holds a 100% interest in Delta Hotels, Canada's largest first-class
hotel management company, which manages and franchises a portfolio
of 39 city center and resort properties in Canada. In addition to
hotel management, FHR holds real estate interests in 23 properties,
two large undeveloped land blocks and an approximate 35% investment
interest in Legacy Hotels Real Estate Investment Trust, which owns
24 properties. DATASOURCE: Fairmont Hotels & Resorts Inc.
CONTACT: Emma Thompson, Executive Director, Investor Relations,
Tel: (416) 874-2485, Email: , Website: http://www.fairmont.com/
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