6-K

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

For the month of March, 2003

Fairmont Hotels & Resorts Inc.

(Translation of Registrant’s Name Into English)

Canadian Pacific Tower, Ste 1600,100 Wellington Street W., Toronto, Ontario M5K 1B7, Canada

(Address of Principal Executive Offices)

     (Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

Form 20-F   [   ] Form 40-F   [X]

     (Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)

Yes   [   ] No   [X]

     (If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-____________.

     This report furnished on Form 6-K shall be incorporated by reference into each of the Registration Statements under the Securities Act of 1933 of the registrant: Form S-8 No.333-13960.

Page 1 of 2 Pages
Exhibits Index appears on Page 3

TABLE OF CONTENTS

Exhibit 99.1

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	FAIRMONT HOTELS & RESORTS INC.                      (Registrant)
Date:  March 5, 2003	By	/s/  Terence P. Badour Name: Terence P. Badour Title:   Sr. Vice President, General Counsel and Secretary

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Exhibits Index

The following is a list of Exhibits included as part of this Report on Form 6-K.

Exhibit No.	Description of Exhibits
99.1	Fairmont Hotels & Resorts Inc. Completes Coal Harbour Land Sale

3 EX-99.1 3 t09171exv99w1.htm EXHIBIT 99.1

Exhibit No. 99.1

For immediate release

FAIRMONT HOTELS & RESORTS INC.
COMPLETES COAL HARBOUR LAND SALE

TORONTO, March 4, 2003 — Fairmont Hotels & Resorts Inc. (“FHR”)(TSX/NYSE: FHR) announced today that it has completed the sale of land in Vancouver’s Coal Harbour to the province of British Columbia. The land was acquired for the expansion of the city’s Convention & Exhibition Centre. The purchase price for the land was approximately $18 million (Cdn$27.5 million). As the owner of 75% of the Coal Harbour lands, FHR received gross proceeds of about $13.5 million from this sale, resulting in a gain of approximately $7.5 million.

On January 30, FHR provided first quarter and year-end earnings guidance for 2003. In these estimates, FHR anticipated that this land sale would occur in the second quarter of 2003. As a result, the gain was not included in the first quarter estimates but was incorporated in the full-year guidance. With the closing of this land sale, first quarter EBITDA¹ and earnings per share guidance have been increased by about $7.5 million and $0.095, respectively, but FHR’s full-year earnings estimates are unchanged.

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 81 luxury and first-class properties with more than 31,000 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. Fairmont manages 41 distinctive city center and resort hotels such as The Fairmont San Francisco, The Fairmont Banff Springs, Fairmont Le Château Frontenac and The Fairmont Scottsdale Princess. FHR also holds a 100 percent 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 23 properties.

1. EBITDA is defined as earnings before interest, taxes, amortization, other income and expenses and reorganization and corporate expenses. Income from investments and other is included in EBITDA. Management considers EBITDA to be a meaningful indicator of hotel operations, however, it is not a defined measure of operating performance under Canadian GAAP. FHR’s calculation of EBITDA may be different than the calculation used by other entities.

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Contacts: M. Jerry Patava
Executive Vice President
   and Chief Financial Officer
Tel: 416.874.2450 Emma Thompson
Executive Director Investor Relations
Tel: 416.874.2485
Email: investor@fairmont.com
Website: www.fairmont.com

EX-99.1

exv99w1