Fairmont Resort Properties Ltd. (“Fairmont”) is Canada’s largest owner and marketer of interval
vacation ownership condominiums, with over 20,000 interval owners at its two premier resorts:
Fairmont Vacation Villas, Fairmont Hot Springs, B.C.; and Lake Okanagan Resort, Kelowna, B.C.
FRP through its wholly owned subsidiaries owns the Lake Okanagan Resort located in Kelowna,
the Costa Maya Reef Resort located on the Ambergris Caye in Belize, time share units in the Oasis
Resort in Mesquite, Nevada and has recently acquired LL Developments Ltd. which owns 300
resort developable acres near Fairmont Hot Springs. Fairmont also maintains hotel operations
at Lake Okanagan Resort, Kelowna, B.C. and Makaha Resort and Golf Club, Oahu, Hawaii and
operates a fl eet of 27 houseboats on Shuswap Lake, B.C. Excluding its subsidiaries, over the past
ten years Fairmont has had sales in excess of $10 million annually and including its subsidiaries
the revenue for fi scal 2006 is projected by Fairmont to be triple the gross revenues of that ten
years ago.
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