**Exhibit 99.6**
**Certain information concerning United States accounting policies for the six months ended June 30, 2004**
Fairmont Hotels & Resorts Inc.’s (“FHR” or the “Company”) interim consolidated financial statements were prepared in accordance with Canadian generally acceptedaccounting principles (“Canadian GAAP”) which differ in certain respects from U.S. generally accepted accounting principles (“U.S. GAAP”). Note 25 of the December31, 2003 audited consolidated financials discloses the differences affecting the Company between Canadian and U.S. GAAP. As disclosed in that note, for U.S. GAAPpurposes the Company consolidated the accounts of variable interest entities (“VIE’s”) that were created during 2003, as required by Financial Accounting StandardsBoard (“FASB”) Financial Interpretation (“FIN”) 46.
Commencing January 1, 2004, for U.S. GAAP purposes, the Company is required to consolidate the accounts of all VIE’s for which it is the primary beneficiary, asrequired by FIN 46R. For Canadian GAAP purposes the Company will adopt provisions similar to FIN 46R commencing January 1, 2005.
As a result, beginning January 1, 2004, the Company has commenced consolidating the accounts of Legacy Hotels Real Estate Investment Trust (“Legacy”) for U.S. GAAPpurposes. In considering the effects of FIN 46R, the Company evaluated all of its other existing management contract arrangements and determined that no otherentities are required to be consolidated for U.S. GAAP purposes.
The consolidation of Legacy commencing January 1, 2004 had no effect on the Company’s consolidated net income or shareholders’ equity. U.S. GAAP differencesaffecting the Company’s net income and comprehensive income are as follows:
**Reconciliation of Net Income**       **Six months ended**  **June 30, 2004**  **(Unaudited)**Net income under Canadian GAAP $28.4 *Increased (decreased) by*    Variable interest entities  (1.2)Pension accounting  (0.8)Convertible senior notes  1.8      Adjusted net income before taxes  28.2 Future income tax recovery on above items  (0.1)     Net income under U.S. GAAP $28.3      **Comprehensive Income**    Net income under U.S. GAAP $28.3 Other comprehensive income (loss)    Foreign currency translation adjustments  (25.0)Minimum pension liability adjustment  (0.8)Future income taxes  0.3      Comprehensive income $2.8      
Summarized consolidated balance sheets, statements of operations and statements of cash flows under Canadian and U.S. GAAP are as follows:
 

 

**Summarized Consolidated Statements of Operations**           **Six months ended June 30, 2004**  **(Unaudited)**  **US GAAP** **Canadian GAAP****Revenues**        Operating revenues $629.2  $378.5 Other revenues from managed and franchised properties  13.2   17.8             642.4   396.3 **Expenses**        Operating expenses  489.3   277.5 Other expenses from managed and franchised properties  13.6   18.2 Amortization  63.1   37.5             566.0   333.2 Loss from equity investments and other  1.0   4.0 Interest expense, net  47.5   19.0          Income before tax expense and non-controlling interest  27.9   40.1 Income tax expense  8.3   11.7 Non-controlling interest  (8.7)  —          Net income $28.3  $28.4          Basic income per common share $0.36  $0.36 Diluted income per common share $0.35  $0.36  **Summarized Consolidated Balance Sheets**   **June 30, 2004**  **(Unaudited)**  **US GAAP** **Canadian GAAP****Assets**        Cash and cash equivalents $66.5  $47.8 Other current assets  439.1   389.9 Property and equipment  2,466.8   1,381.9 Other assets  636.3   714.1             3,608.7  $2,533.7          **Liabilities and Shareholders’ Equity**        Current liabilities $230.7  $125.6 Current portion of long-term debt  232.6   201.5 Long-term debt  1,210.5   471.7 Other liabilities  113.1   88.7 Non-controlling interest  191.5   — Future income taxes  114.8   97.7             2,093.2   985.2 Shareholders’ equity  1,515.5   1,548.5            $3,608.7  $2,533.7          
The Company’s VIE’s had total assets of $1,086.4 and total liabilities of $894.8 under U.S. GAAP as at June 30, 2004.
 

 

**Summarized Consolidated Statements of Cash Flows**           **June 30, 2004**  **(Unaudited)**  **US GAAP** **Canadian GAAP**Cash provided by (used in)        **Operating activities**        Net income $28.3  $28.4 Items not affecting cash        Amortization  63.1   37.5 Loss from equity investments and other  1.0   4.0 Future income taxes  4.3   6.2 Non-controlling interest  (8.7)  — Unrealized foreign exchange loss  10.2   10.2 Other  0.5   (1.0)Changes in non-hotel real estate  (3.5)  0.3 Changes in non-cash working capital items  (35.3)  (36.3)            59.9   49.3 **Investing activities**        Additions to property and equipment  (51.5)  (44.0)Collection of loans receivable  —   8.9 Issuance of loans receivable  (7.0)  (7.0)Other assets  (13.0)  —             (71.5)  (42.1)**Financing activities**        Issuance of long-term debt  112.4   82.7 Repayment of long-term debt  (70.6)  (65.6)Issuance of common shares  0.6   0.6 Dividends paid  (3.2)  (3.2)Repurchase of common shares  (5.4)  (5.4)Decrease in bank loans  (1.7)  —             32.1   9.1 Effect of exchange rate changes on cash  (0.3)  (0.2)         Increase in cash  20.2   16.1 Cash and cash equivalents — beginning of period  31.7   31.7 Opening cash effect due to the consolidation of Legacy  14.6   —          Cash and cash equivalents  — end of period $66.5  $47.8