Stein Eriksen Lodge Management Corporation Enters Into a Management Agreement With...

Stein Eriksen Lodge Management Corporation Enters Into a Management Agreement
With The Chateaux at Silver Lake

PARK CITY, Utah, June 30 /PRNewswire/ -- On July 1, 2009 Stein Eriksen Lodge
Management Corporation will enter into a long-term agreement to manage The
Chateaux at Silver Lake. Stein Eriksen Lodge Management Corporation will
immediately begin managing the rental and lodging operations of the property
including reservations, conference services, sales and marketing. The two
hotels will continue to maintain their individual and unique brand identities
and core service values.

"Stein Eriksen Lodge Management Corporation is pleased to have completed
agreements with various ownership interests of The Chateaux to manage their
operations. We are confident that a long-term agreement will be a beneficial
partnership for both parties. We believe this relationship and transition
will allow us to move forward in a positive direction," said Russ Olsen, chief
executive officer at Stein Eriksen Lodge.

Stein Eriksen Lodge, a Norwegian style lodge, and The Chateaux, with its
French decor will run independently of one another with the distinct advantage
of sharing the same sales and reservation resources, as well as accounting and
human resources. The proximity of the two properties, located mid-mountain at
Deer Valley(R) Resort, will provide Park City with the largest number of hotel
rooms and meeting facilities managed under one group with approximately 300
guest rooms and 17,000 square feet of indoor meeting space.

"We are pleased to begin a relationship with this premier hospitality service
provider in Park City, UT," said Lynn Shostack, President of The Chateaux
Homeowners' Association. "We look forward to a positive transition and
mutually beneficial long-term relationship."

Contact Sarah Myers at (435) 645-6451 or smyers@steinlodge.com for information
regarding either property.

About Stein Eriksen Lodge
The Mobil Five-Star, AAA Five Diamond, Stein Eriksen Lodge is one of America's
premier resorts and a member of the exclusive international association of
independent luxury hotels and resorts, Preferred Hotels & Resorts Worldwide.
One of the most accessible mountain destinations in North America, the Lodge
provides guests with the ultimate year-round luxury destination, offering
world-class hospitality, accommodations, fine-dining, meeting facilities, spa
services and recreation. For more information, visit the Lodge's Web site at
www.steinlodge.com or call 800-453-1302.

About The Chateaux
The Chateaux at Silver Lake is an elegant condominium hotel property located
in the heart of Deer Valley Resort's mid-mountain Silver Lake Village. The
Chateaux offers a variety of finely appointed and spacious room types
including hotel rooms, studios, and multi-bedroom suites, full-spa, dining,
meeting facilities and access to year-round recreation. For more information
call 877-288-2978.

Contact: Sarah Myers
Marketing & PR Manager
Stein Eriksen Lodge
435-645-6451
smyers@steinlodge.com

SOURCE Stein Eriksen Lodge

Sarah Myers, Marketing & PR Manager of Stein Eriksen Lodge, +1-435-645-6451,
smyers@steinlodge.com