Fairmont Resorts Is No More

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Original Message:

Fairmont Resorts Is No More (by Antonio G.):

The following news item appeared in the Columbia Valley News in July: Fairmont Resorts Acquired by Northwynd

Now, through a court-approved sale process, newly-formed Northwynd Resort Properties Ltd. has acquired Fairmont Resort Properties (FRP) in Fairmont Hot Springs, BC. FRP properties include Fairmont Vacation Villas and Lake Okanagan Resort in British Columbia, along with Makaha Resort and Golf Club in Hawaii, Costa Maya Reef Resort San Pedro in Belize and Fairmont Rancho Banderas in Puerto Vallarta, Mexico.

The purchaser will hold Fairmont Vacations Villas through Northmont Resort Properties Ltd. and will hold Lake Okanagan Resort Vacation Timeshare Properties through Lorwynd Resort Properties Ltd.

Patrick Fitzsimonds, CEO of Northwynd Resort Properties Ltd., has been involved in the capitalization and development of residential and resort-based real estate in the US and Canada for 30 years. Mr. Fitzsimonds is committed to delivering the highest standards of accountability and management services to vacationers, and in order to do so, he is enlarging the company's executive team of industry professionals to assist the management of Northwynd and subsidiary resorts in the execution of their business plan.

The court approved the purchase on June 22, 2010. Legal title to the timeshare units will remain registered in the name of Carthew Registry Services Ltd. (the trustee), which is independent of Northwynd. So the timeshare rights that are, and will continue to be registered with the trustee, will remain fully protected from third party action. All timeshare agreements that are currently registered with the trustee will be assigned to either Northmont or Lorwynd, whichever the case may be, enabling the continuation of the resorts' existing affiliations with Resorts Condominiums International.

Another Northwynd subsidiary, Resort Villas Management Ltd., will continue to manage Fairmont Vacation Villas and will soon begin to manage the timeshare operation at Lake Okanagan Resort as well. Their promise is to exceed the quality of management services that timeshare owners have experienced in the past.

The first part of the new plan will be to introduce a home owners' association for both Fairmont Vacation Villas and Lake Okanagan Resort to promote good communication between timeshare owners and the management company, ensuring that owners will be consulted in the operation of their units and also be encouraged to provide input regarding the annual budgets.

A new website is presently being created to further the open communications policy of the company. They are also promising employees of Northwynd at both resort locations and also at the corporate offices in Calgary, the information and training they need in order to be able to give timeshare owners and guests the excellent service they expect and deserve, embodying the company's mission to provide an exceptional vacation experience.

In a letter to all timeshare owners, Mr. Fitzsimonds says:

"Our goal is to earn your confidence and participate together with you in our various capital and operational initiatives to significantly improve our properties and your vacation experience. I sincerely hope that you share our enthusiasm, and I look forward to a positive future together."