Vail Resorts Receives US Forest Service Approval for 543 acre terrain expansion at Breckenridge Ski Resort

- Represents 23% increase in resort's skiable acres

- New terrain at Peak 6 expected for 2013/2014 ski season

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Aug 21, 2012, 04:00 ET

BROOMFIELD, Colo., Aug. 21, 2012 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) announced that it has received approval from the U.S. Forest Service for a 543-acre terrain expansion in the Peak 6 area of Breckenridge Ski Resort. Peak 6 will include 400 acres of lift-served terrain and 143 acres of hike-to terrain. The Company expects to open the new terrain for the 2013-2014 ski season, including adding a new high-speed, six person chairlift and a new fixed-grip chairlift to access the Peak 6 area.

"Peak 6 will be a tremendous addition to Breckenridge, significantly improving the guest experience by adding both new terrain and lift capacity," said Rob Katz, chairman and CEO of Vail Resorts. "In addition, the new terrain provides access to intermediate runs and high alpine bowl skiing that will be enjoyed by a wide variety of our guests."

The approval came in the form of a Record of Decision by the US Forest Service after completing a Final Environmental Impact Statement, a process which began with project scoping in 2007. The decision remains subject to appeal for 45 days.

Peak 6 is the first ski terrain expansion on U.S. Forest Service land in Colorado since 2008 and the first at Breckenridge since the Peak 7 expansion in 2002.

About Breckenridge Ski Resort
With four huge peaks, 2,358 acres, five terrain parks, two halfpipes, eight bowls, the highest chairlift in North America, family-friendly terrain, and a world-class ski school, all situated above an authentic, hip mountain town with awe-inspiring views, there are good reasons why "Breck" is one of the most popular ski resorts in the Western Hemisphere. Renowned for the welcoming spirit and friendly character of their locals, with over 200 restaurants, bars, and shops, and numerous year-round activities and events, Breck embodies more than just a destination, inspiring a way of life. www.breckenridge.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, and Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and Nevada, 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.