Vail Resorts Announces Cash Tender Offer and Consent Solicitation for its 6 3/4% Senior Subordinated Notes due 2014

Vail Resorts, Inc. MTN announced today that it has commenced a cash tender offer for any and all of its $390 million outstanding aggregate principal amount of 6 3/4% Senior Subordinated Notes due 2014. In connection with the Tender Offer, the Company is also soliciting consents for certain amendments to the indenture governing the Note. The Tender Offer and the Consent Solicitation are being made upon the terms and subject to the conditions described in the Company's Offer to Purchase and Consent Solicitation Statement dated April 11, 2011 and the related consent and letter of transmittal. The Tender Offer will expire at 8:00 a.m., New York City time, on May 9, 2011, unless extended or earlier terminated .