Historic Investments: Whistler Blackcomb, Park City Mountain

The Company will invest $52 million ($66 million CAD) at Whistler Blackcomb, the largest ski resort in North America, including the world’s first three-gondola inter-connect. The largest single investment in the resort’s history will include a new 10-passenger gondola, new six-passenger high-speed lift and new four-passenger high-speed lift. Throughout all seasons, guests will be provided with more comfortable and efficient access and on-mountain connections. The investment will also include an expansion of the resort’s world-renowned mountain bike park with the addition of 13 miles of new biking trails.

On the heels of $50 million in lift infrastructure and on-mountain dining improvements in 2015, Park City Mountain, the largest ski resort in the United States, will further its focus on premier family experiences, mountain dining excellence and guest service through a new learning area for beginners, children and families; a transformative interior renovation to the iconic Mid-Mountain Lodge; and an expansion of the popular, mountaintop bistro Cloud Dine with an additional 200 seats.

Attached or at news.vailresorts.com, please find full details on these two announcements as well as a link to images for editorial use.

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About Vail Resorts, Inc. (NYSE: MTN)

Vail Resorts, Inc., through its subsidiaries, is the leading global mountain resort operator. Vail Resorts’ subsidiaries operate 11 world-class mountain resorts and three urban ski areas, including Vail, Beaver Creek, Breckenridge and Keystone in Colorado; Park City in Utah; Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in British Columbia, Canada; Perisher in Australia; Stowe in Vermont; Wilmot Mountain in Wisconsin; Afton Alps in Minnesota and Mt. Brighton in Michigan. Vail Resorts owns and/or manages a collection of casually elegant hotels under the RockResorts brand, as well as the Grand Teton Lodge Company in Jackson Hole, Wyo. Vail Resorts Development Company is the real estate planning and development 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.