Press Release: Legacy Hotels Real Estate Investment Trust
March 12, 2002
TORONTO, ON -- Legacy Hotels Real Estate Investment Trust ("Legacy") (TSE: LGY.UN) yesterday announced
its first quarter distribution to unitholders. The distribution is $0.185 per unit to unitholders of record as
of March 28, 2002. Payment will be made on or about April 20, 2002. The distribution is consistent with that of
the fourth quarter of 2001. The tax allocation for the 2001 distributions is now available on Legacy's website
(www.legacyhotels.ca).
Fairmont Hotels & Resorts Inc. ("FHR")(TSE and NYSE: FHR), Legacy's largest investor with an approximate
35% interest, will again elect to receive units instead of cash in accordance with the terms of Legacy's Distribution
Reinvestment Plan. FHR indicated that its decision reflects its continued confidence in Legacy and its view of
the underlying value of Legacy's units. Any Legacy unitholders wishing to receive units instead of a cash distribution
must complete their election to participate in the Distribution Reinvestment Plan by March 28, 2002.
Legacy will release its results for the first quarter ended March 31, 2002 in mid-April. The annual meeting will
be held at The Fairmont Royal York on Tuesday, April 23, 2002 at 10:00 a.m. Eastern Time.
Legacy is Canada's premier hotel real estate investment trust with 21 luxury and first class hotels across Canada
with over 9,500 rooms. Fairmont Hotels & Resorts manages the 10 luxury hotels and Delta Hotels manages the
11 first class properties.
--------------------------------------------------------
For further information
Emma Thompson Executive Director Investor Relations Tel: (416) 874-2485 Email: investor@legacyhotels.ca Website: www.legacyhotels.ca