RockResorts Capture Two Condé Nast Top Ten’s

Denver-based RockResorts beat out stiff competition to
claim coveted placement for two of its resorts in Condé Nast Traveler’s 2004
“Reader’s Choice” Awards. The Pines Lodge in Beaver Creek, CO ranked seventh
and Snake River Lodge & Spa in Jackson Hole, WY tied for eighth place in the “Top
50 Resorts in the U.S.” category. “This is the first showing for either property in this annual survey, which
highlights the best in the world.  For these unique destinations to come out in the
top 10 is a tremendous accomplishment,” said Ed Mace, President of RockResorts.
“These results truly reflect RockResorts’ ongoing commitment to personalized
customer service and excellence in luxury travel.”

Featured in the November issue of the magazine, the 2004 Readers’ Choice Awards
list the world’s top cities, islands, airlines, car rental agencies, cruise lines,
hotels and resorts. The final tabulations of 20,167 responses were done by Mediamark
Research, Inc., of New York City. Each month, the magazine is seen by an audience of
3.2 million readers, predominantly from the U.S. The magazine is one of the top U.S.
consumer travel publications and has been conducting its Readers’ Choice Awards
since 1988.

Among premium resort lodging contenders, RockResorts enjoyed unprecedented
recognition from the nation’s leading travel publications’ 2004 awards.  Condè
Nast’s score of 89.2 places Snake River Lodge & Spa as the highest-rated luxury
hotel in Wyoming, and The Pines Lodge score of 89.7 makes it as the highest-rated
ski-in/ski-out resort in North America. Earlier this year, DEPARTURES’ readers
provided their top accolade among North American ski resort hotels to The Lodge at
Vail, which was the highest-rated hotel of its type on the continent. The magazine
also named The Equinox Resort & Spa in Vermont as the top resort in the Northeast
U.S., and Snake River Lodge & Spa as one of the top seven ski resort hotels in North
America. Travel + Leisure’s 500 Greatest Hotels in the World, 2004-2005, also
included four RockResorts.
RockResorts is a subsidiary of Vail Resorts, Inc., a publicly held company traded on
the New York Stock Exchange (NYSE:MTN). A luxury resort hotel company based in
Denver, Colo., RockResorts owns and manages 10 casually elegant resorts in seven
states.  In public earning statements released September 30, 2004, reported EBITDA
for the Lodging segment of Vail Resorts improved from $4.9 million last year to
$11.8 million, up 138.6%, in the current year. 

The RockResorts portfolio includes: The Lodge at Rancho Mirage in Palm Springs,
Calif.; Casa Madrona Hotel & Spa in Sausalito, Calif.; The Pines Lodge in Beaver
Creek, Colo.; Keystone Lodge in Keystone, Colo.; The Lodge at Vail in Vail, Colo.;
La Posada de Santa Fe Resort & Spa in Santa Fe, N.M.; Cheeca Lodge & Spa in
Islamorada, Fla.; The Equinox Hotel & Spa in Manchester Village, Vt.; Rosario Resort
& Spa on Orcas Island, Wash.; and Snake River Lodge & Spa in Jackson Hole, Wyo.
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