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 Vail Resorts Subsidiary, Grand Teton Lodge Company, Selected
to Continue as the Concessionaire in Grand Teton National Park
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New 15-Year Contract Expected to Begin January 1, 2007 

AVON, Colo., May 31, 2006 - Vail Resorts, Inc., (NYSE: MTN) announced today that its subsidiary, Grand Teton Lodge Company (GTLC), has been selected to continue as the concessionaire in Grand Teton National Park. GTLC will be meeting with the National Park Service over the next several months to finalize the 15-year contract, expected to begin on Jan. 1, 2007. GTLC has held the concession contract for the past 54 years under two consecutive contracts providing lodging, restaurants, activities and retail services.

"We are extremely pleased to have been selected to continue our concessionaire services within Grand Teton National Park. We look forward to completing the contract process and to continuing our long-term relationship with the National Park Service," said Rob Katz, chief executive officer of Vail Resorts.
 

Jenny Lake Lodge

Jenny Lake Lodge, situated at the foot of the Grand Tetons, is the perfect mountain retreat for guest to relax in an atmosphere of rustic, yet elegant western charm.  A popular romantic get away, Jenny Lake Lodge offers exclusive AAA Four-Diamond accommodations with 31 cabins and six suites located amid the forest around the main lodge.  

Known for its excellence in cuisine and service, Jenny Lake Lodge features a five-course dinner and an extensive award-winning wine list.  Breakfast, dinner, horseback riding, and the use of bicycles are included in the room rate, which begins at $475 per night.  Jenny Lake Lodge is open from June through early October.  

Jenny Lake Lodge is within walking distance of three lakes – Jackson Lake, Leigh Lake and Jenny Lake – each named with historical significance.  Some of the 37 cabins are also historical being part of the original dude ranch, called the Danny Ranch, which was built on the property at the beginning of the century.  The cabins have a rustic but charming western ambiance and are delightfully appointed with down comforters, handmade quilts and organic cotton bathrobes.  Telephones are available in the cabins, but in keeping with the National Park setting, there are no televisions or radios.  Each cabin is self-contained with one or two beds and a bathroom.  The cabin’s porch provides a tranquil haven to enjoy the sights and sounds of the area.

The Jenny Lake Dining Room offers a causally-elegant, prix-fixe five-course dinner and an extensive award-winning wine list that has been recognized by Wine Spectator.  The menu is Rocky Mountain cuisine which translates to American/French with some game and regional fare, and is served during two seatings at 6:00 p.m. and 8:00 p.m.  A continental breakfast is available from 6:30 a.m. until 9:30 a.m. in the lobby with the main breakfast served in the dining room from 7:30 a.m. until 9:00 a.m.  Lunch is also served daily.  Dinner reservations are required and jackets are encouraged.  Call 307-733-4647 for reservations. 

Attentive service is one attribute that has Jenny Lake Lodge guests returning year after year.  From arranging an in-room massage to scheduling the many activities available in Grand Teton National Park, Jenny Lake Lodge’s concierge is available daily to assist guests during their stay.  Twice daily ice delivery to the cabins and nightly turn-down service are a few of the amenities that guests receive.   The Jenny Lake Lodge Gift Shop offers gifts and apparel, as well as providing services for guests of the lodge.  

Originally known as the Danny Ranch, the lodge hosted 23 guests in its first year in 1923.  Original guests were mainly Easterners who had the means and the adventuresome spirits to try the western life for a few summer weeks.  The ranch was renamed Jenny Lake Ranch in 1937, and by 1942 the ranch’s guest capacity grew to 65.  By 1949 Jenny Lake Ranch was considered the top facility of the Grand Teton Lodge and Transportation Company’s properties.  After the 1951 season, its name was changed to Jenny Lake Lodge.  Prominent people such as Princess Grace of Monaco and her family vacationed at the ranch.  Today, Jenny Lake Lodge serves host to a variety of guests annually.

With a mission to preserve, protect and inspire, Grand Teton Lodge Company is the concessionaire in Grand Teton National Park operating the lodging, restaurants, tours and activities at Jackson Lake Lodge, the four-diamond Jenny Lake Lodge, and Colter Bay Village as well as Jackson Hole Golf & Tennis Club which is located just outside the Park in Jackson, Wyo.  The company’s Envision program represents its commitment to a comprehensive sustainability approach that preserves the environment, ensures quality service, and provides for the health and safety of its guests and employees.  

About Grand Teton Lodge Company
With a mission to preserve, protect and inspire, Grand Teton Lodge Company is a concessionaire in Grand Teton National Park operating the lodging, restaurants, retail, and activities at Jackson Lake Lodge, the four-diamond Jenny Lake Lodge, and Colter Bay Village along with Jackson Hole Golf & Tennis Club, which is located just outside the Park in Jackson, Wyo. The company's Envision program represents its commitment to a comprehensive systematic approach to sustainable business practices that preserve the environment, ensure quality service, and provide for the health and safety of its guests and employees. For more information about Grand Teton Lodge Company, call (307) 543-3100 or visit www.gtlc.com/pr.

About Vail Resorts
Vail Resorts, Inc. is the leading mountain resort operator in the United States. The Company's subsidiaries operate the mountain resorts of Vail, Beaver Creek, Breckenridge and Keystone in Colorado, Heavenly in 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. 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 - News). The Vail Resorts company website is www.vailresorts.com and consumer website is www.snow.com.

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Contact:
 
Vail Resorts, Inc.
www.vailresorts.com
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Also See: Wyoming Wind Powers Jenny Lake Lodge; Part of Grand Teton Lodge Company's Environmental Mission / March 2003
The Mural Dining Room in Grand Teton National Park’s Jackson Lake Lodge Completes Refurbishment; Famous Murals by Carl Roters Left Unchanged / May 2002

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