AVON, Colo. -- March 15, 2006 -- Vail Resorts announced today a change in the leadership of its lodging division, which includes RockResorts and Vail Resorts Lodging Company. Ed Mace will depart as president of RockResorts and Vail Resorts Lodging Company on April 15, 2006. William Hall, vice president of operations for RockResorts and Vail Resorts Lodging Company has been named Vice President-Lodging Division and has assumed all responsibilities for the Company's lodging division.

"This change in leadership is consistent with our strategy of concentrating on future lodging growth within our existing mountain resorts, at other mountain resorts and select management opportunities outside of those locations, and a reduced focus on aggressive acquisition growth. Ed and I believe this change was the right one for both him and the Company," explained Robert Katz, chief executive officer for Vail Resorts. "I want to thank Ed for his many contributions to the development and success of the RockResorts brand and our numerous other lodging properties and wish him well in his future endeavors."

Katz added, "I'm thrilled that Bill Hall has agreed to take the reins in overseeing the Company's lodging division. His extensive experience and highly successful track record in managing luxury properties across the country will ensure a seamless transition. Our Company remains very committed to our RockResorts group, including its future growth, and I am confident that it will continue to be an important contributor within Vail Resorts."

"I have enjoyed the past four-and-a-half years with Vail Resorts and I leave on good terms with immense pride in our accomplishments. There is a great group of resort and lodging professionals in place and I wish the Company much continued success," said Ed Mace.

Hall joined the RockResorts and Vail Resorts Lodging Company in August 2005. Hall has a long and distinguished career in the lodging industry, having spent 11 years with The Ritz-Carlton Company and as general manager of a variety of renowned hotels, including Pinehurst, Silverado, Pebble Beach, the Cloister Hotel and Beach Club, and the Century Plaza Hotel. Hall and the RockResorts staff will relocate to the new corporate offices of Vail Resorts, scheduled to open later this summer in the Denver metro area.

About RockResorts
The RockResorts collection features casually elegant resorts in six U.S. states. The RockResorts portfolio includes: The Lodge at Rancho Mirage in Palm Springs, Calif.; The Pines Lodge in Beaver Creek, Colo.; Keystone Lodge in Keystone, Colo.; The Lodge at Vail in Vail, Colo.; La Posada de Santa Fe Resort & Spa in Santa Fe, N.M.; The Lodge & Spa at Cordillera, Edwards, Colo.; The Equinox Resort & Spa in Manchester Village, Vt.; Rosario Resort & Spa on Orcas Island, Wash.; and Snake River Lodge & Spa in Jackson Hole, Wyo. The Arrabelle at Vail Square, a RockResort in Vail Colorado, is also currently under development. Visit the new online pressroom, including downloadable image archive, at http://media.rockresorts.com.

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). The Vail Resorts company website is www.vailresorts.com and consumer website is www.snow.com.

Vail Resorts Contact:

Media contact:
Kelly Ladyga
(970) 845-5720
kladyga@vailresorts.com