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Northwynd Resort Properties - Fairmont Rancho Banderas Time Share Fraud (by Thomas N.):

The Latest Information:

Below is a news article about the financial state of Fairmont Resort properties Ltd:

Press release — Fairmont Resort Properties Ltd. – Northwynd Resort Properties

On March 30, 2009, Fairmont Resort Properties Ltd. was made subject to creditor protection under the Companies Creditor’s Arrangement Act “(CCAA”). This process allows the Company the opportunity to present a plan to restructure its obligations to the benefit of all stakeholders including secured and unsecured creditors, employees and customers. Fairmont time share owners are not affected by this plan of arrangement and continue with the rights their acquired at the time of their purchase. The management of the facility, Fairmont Vacation Villas, is operated by Columbia Villa Management and is also not subject to the CCAA order. It operates independently of Fairmont Resort Properties Ltd. Pursuant to the court order for the plan of arrangement, new management was appointed with Mr. Collin Knight and Mr. Doug Morcom not involved in the management at this time. All debts of the Company at the date of the application were stayed awaiting court approval of Fairmont’s restructuring plan. All goods and services supplied by the Company’s customers since the date of the application are acquired and dealt with in the normal course of business. Notwithstanding the situation of Fairmont Resort Properties Ltd., all timeshare owners will enjoy their vacation at Fairmont Vacation Villas this year and in the future without interruption.

I have found out that the people named on the Northwynd website are all former Fairmont Resort Properties employees. Please help us on our quest to bring this company to justice and send its management to prison where they belong. Attached here is a current list of management from Northwynd Resort Properties and Fairmont Resort Properties.

Patrick Fitzsimonds; Chief Executive Officer Doug Frey; Vice President, Development Eleanor Fornataro; Vice President, Communications / Corporate Services Chris Van Der Deen; Vice President, Operations / Member Services Kirk Wankel; Chief Financial Officer

Patrick Fitzsimonds; Chief Executive Officer

Mr. Fitzsimonds has been involved in the capitalization and development of residential and resort-based real estate in the U.S. and Canada over the course of the past 34 years. He acquired a Masters Degree in Business Administration and went on to executive positions with Shelter Corporation of Canada, Qualico Developments and United Inc.. Patrick's areas of experience include construction, design, cash management and financial structure.

Doug Frey; Vice President, Development

Mr. Frey is a University of Alberta alumnus and has been involved in real estate finance and development for over 20 years. His career path includes increasingly responsible positions with National Trust and Morguard Investments Ltd., and most recently as co-founder and principal in Foxbridge Development Ltd., a real estate development company active in Alberta and British Columbia.

Eleanor Fornataro; Vice President, Communications / Corporate Services

Ms. Fornataro has worked in the timeshare industry for the past 14 years, first with Royal Host Vacation Club, and most recently with Fairmont Resort Properties Ltd.. Eleanor brings valuable experience in the areas of program development, client services, and communications.

Chris Van Der Deen; Vice President, Operations / Member Services

Mr. Van Der Deen has many years of experience in the hotel and resort sector. As General Manager of several Royal Host properties in the early 2000s, Chris developed a keen appreciation of the many facets of hotel management and guest services. Beginning in 2005 Chris led the management team of Columbia Villa Management (later Resort Villa Management) at one of Canada's largest timeshare resorts in Fairmont Hot Springs, B.C., and also took on the General Manager role at Lake Okanagan Resort in Kelowna, B.C.

Kirk Wankel; Chief Financial Officer

Kirk Wankel graduated from the University of Calgary with a Bachelors of Commerce in 1995 and obtained his Chartered Accountant designation in 1998 while working for Arthur Andersen. Kirk has over a decade of industry experience including positions as the Vice President of Finance for BW Technologies Ltd., Vice President and Chief Financial Officer of Fair Sky Resources Inc., and Vice President and Chief Financial Officer of Blackline GPS Inc. Kirk has been the Vice President and Chief Financial Officer of Northwynd since November, 2010.