Vail Resorts Closes Its Acquisition of Two Urban Ski Areas in Midwest, Afton Alps in Minnesota and Mount Brighton in Michigan

 Vail Resorts Closes Its Acquisition of Two Urban Ski Areas in Midwest, Afton
               Alps in Minnesota and Mount Brighton in Michigan

PR Newswire

BROOMFIELD, Colo., Dec. 18, 2012

BROOMFIELD, Colo., Dec. 18, 2012 /PRNewswire/ --Vail Resorts, Inc. (NYSE:
MTN) today announced that the Company has closed on its acquisition of two
premier urban ski areas in the Midwest, Afton Alps in Minnesota and Mount
Brighton in Michigan, for total cash consideration of $20 million. Both ski
areas serve major snow sports markets in the Midwest with more than 468,000
active skiers and snowboarders in the nearby Minneapolis-St. Paul and Detroit
metropolitan areas. Vail Resorts plans to upgrade and enhance the guest
experience at each ski area and create opportunities to connect guests from
each of these ski areas to its seven world-class resorts in Colorado and Lake
Tahoe through season pass and other lift ticket products.

Vail Resorts is planning season pass products for both Afton Alps and Mount
Brighton in time for the 2013-2014 season pass sales period, beginning in
March 2013. In the meantime, to welcome both ski areas into the Vail Resorts
family, Afton Alps and Mount Brighton season pass holders will immediately
receive a 25-percent discount off of the window rate on lift tickets at Vail,
Beaver Creek, Breckenridge, Keystone, Heavenly, Northstar and Kirkwood this
season.

For more information, visit http://www.aftonalpsisepic.com and
http://www.mtbrightonisepic.com.

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
resorts of Vail, Beaver Creek, Breckenridge and Keystone in Colorado;
Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and
Nevada; Afton Alps in Minnesota and Mount Brighton in Michigan; and the Grand
Teton Lodge Company in Jackson Hole, Wyoming. The Company's subsidiary,
RockResorts, a luxury resort hotel company, manages casually elegant
properties. 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.

Website: http://www.snow.com
Contact: Investor Relations: Michael Chao, +1-303-404-1820,
mchao@vailresorts.com, or Media Relations: Kelly Ladyga, +1-303-404-1862,
kladyga@vailresorts.com
 
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