�We are in partnership with American Skiing Company in this project because they have an excellent track record and they are committed to making The Canyons the best ski vacation experience in North America�, said Westgate Resorts Owner and President David Siegel.  �We will purchase over 150,000 lift tickets in the next five years for our sales and marketing programs.�

Westgate�s Chief Development Officer Mark Waltrip adds, �Our resort is located in the center of the resort village and will include 25,000 square feet of retail space, world-class spa, heated indoor/outdoor pool and hot tubs, and a private club for our owners.  We�ll sell both one and two week intervals and a variety of special programs for our Westgate Owners Club.�

Leslie B. Otten, American Skiing Company�s Chairman (NYSE: SKI) and Chief Executive Officer said, �Westgate�s presence at the Canyons is a key component in our 5-year, $500 Million master plan, adding bed base to the village and filling a key vacation market niche.  We�re proud to have Westgate as the exclusive developer of timeshare lodging in the core of the resort village at the Canyons.�

The current construction schedule will permit Westgate owners to occupy their units in time to enjoy the upcoming Winter Olympic Competitions, which begin in February 2002.

Westgate Resorts is headquartered in Orlando, Florida and currently operates eight luxury timeshare properties.  Five are in Orlando, one each in Daytona, Miami Beach and Gatlinburg, TN.