Ritz-Carlton Residences(R), Vail Announces New Connection to Arrabelle Club and New...

Ritz-Carlton Residences(R), Vail Announces New Connection to Arrabelle Club
and New Prices

- Responding to current market conditions, the developer has reduced list
prices approximately 20 percent

- All new purchasers will immediately receive social membership to The
Arrabelle Club, providing locker, ski storage and additional amenities at base
of the Eagle Bahn Gondola

VAIL, Colo., April 20 /PRNewswire-FirstCall/ -- Vail Resorts Development
Company, a wholly owned subsidiary of Vail Resorts, Inc. (NYSE: MTN) and an
affiliate of RCR Vail, LLC the developer of The Ritz-Carlton Residences(R),
Vail has announced an enhanced incentive program for new buyers. Under the new
program, buyers will receive a social membership to The Arrabelle Club as part
of the purchase of their unit. In addition, the developer has released new
pricing for the unsold units in the project at a 20-percent discount to the
previous list prices. Following the reduction, the average list price for all
units not under contract will be approximately $1,624 per square foot.

The Company announced that it would also be offering purchasers currently
under contract for The Ritz-Carlton Residences(R), Vail a social membership to
The Arrabelle Club and reduced prices during this same time period for any
purchasers who execute certain amendments to their contracts. Assuming such
price reductions, which would approximate 15 percent, the average price for
all units under contract would be approximately $1,406 per square foot.

"Our announcement today is about solidifying the connection between The
Ritz-Carlton Residences(R), Vail and The Arrabelle at Vail Square and
providing all buyers in the Ritz(R) project all of the service, amenities and
experience of the social membership in The Arrabelle Club. Residents can have
their skis and boots waiting for them at The Arrabelle Club. While at The
Club, they can enjoy breakfast, lunch and apres functions, as well as the spa
and other facilities," said Keith Fernandez, president of Vail Resorts
Development Company. "Our decision to reduce list prices is a response to
current market conditions. We will be closely monitoring both the overall
economy and the real estate market, and intend to increase pricing on any
unsold units as soon as conditions warrant."

About The Ritz-Carlton Residences(R), Vail
Rising from the banks of Gore Creek, The Ritz-Carlton Residences(R), Vail
provide the perfect retreat for mountain living and resort indulgence.
Approximately 71 luxurious whole-ownership residences, ranging in size from
spacious two-bedroom homes to a sumptuous six-bedroom penthouse, offer an
environment that is warm, welcoming and very comfortable. In addition, The
Ritz-Carlton Club(R) offers winter and summer fractional intervals in this
exquisite setting. The Residences will offer an array of luxury services and
amenities in the grand tradition of Ritz-Carlton(R) hotel properties
throughout the world, including concierge services, a fitness center, outdoor
pool and hot tubs, ski valet, great room, library and more.

The Ritz-Carlton Residences, Vail are not owned, developed or sold by The
Ritz-Carlton Hotel Company, LLC. RCR Vail, LLC uses The Ritz-Carlton marks
under license from The Ritz-Carlton Hotel Company, LLC. The Ritz-Carlton
Residences, Vail(R) are being developed and sold by RCR Vail, LLC an affiliate
of Vail Resorts Development Company. All plans are subject to governmental
approvals.

About The Arrabelle Club
A signature club of Vail Resorts, The Arrabelle Club membership amenities
include private locker/club room at the base of Vail Mountain, access to the
RockResorts Spa and fitness facilities within The Arrabelle at Vail Square,
and social/ski activities to enhance the Vail experience. In addition, The
Arrabelle Club will offer its members hassle-free access to Vail Mountain with
personalized ski valet services. An exclusive offering of memberships to The
Arrabelle Club is now available.

About Vail Resorts
Vail Resorts, Inc., through its subsidiaries, is the leading mountain resort
operator in the United States. The Company's subsidiaries operate the mountain
resort properties of Vail, Beaver Creek, Breckenridge and Keystone mountain
resorts in Colorado, the Heavenly Ski Resort in the Lake Tahoe area of
California and Nevada, and the Grand Teton Lodge Company in Jackson Hole, Wyo.
The Company's subsidiary, RockResorts, a luxury resort hotel company, manages
casually elegant properties across the United States and the Caribbean. Vail
Resorts Development Company is the real estate planning, development and
construction subsidiary of Vail Resorts, Inc. Vail Resorts is a publicly held
company traded on the New York Stock Exchange (NYSE: MTN). The Vail Resorts
company website is www.vailresorts.com and consumer website is www.snow.com.

SOURCE Vail Resorts, Inc.

Kristin K. Williams of Vail Resorts, Inc., +1-970-754-2712,
kwilliams@vailresorts.com