TORONTO Fairmont Hotels & Resorts Vice Chairman, Edward Mace, said he will resign from the company, however, he plans to remain as a Fairmont advisor for a transitional period.
Mace joined Fairmont in 1996 shortly after HRH Prince Al Waleed had acquired a 50% stake in the company and led Fairmont through the sale of the remaining Swig family interest to Los Angeles-based Maritz,Wolff & Co. in April 1998.
“I have a number of outside business opportunities and investments that I am now free to pursue, and I will continue to be involved in the hotel business,” commented Mace. (3/1/01)