Chicago is Now Epic! Vail Resorts Expands to Chicago Area with Acquisition of Wilmot Mountain

BROOMFIELD, Colo., Jan. 19, 2016 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) announced today that it has acquired Wilmot Mountain in Wisconsin near the Illinois state line, expanding its collection of premier urban ski areas in the Midwest. Located approximately 65 miles north of Chicago, Wilmot Mountain has long been a favorite of skiers and snowboarders in one of the top geographies for the Company's mountain resorts. Terms of the acquisition were not disclosed.

Vail Resorts plans to transform both the on-mountain and base area experience at Wilmot Mountain. These enhancements will include redesigned and updated terrain parks, best-in-class coaching and instruction for all levels of skiers and riders, expanded dining and entertainment options at the base area, dedicated racing programs and integrated technology and social media programs like EpicMix. Furthermore, the Company will invest in the ski area's infrastructure to improve snowmaking, parking and access to provide a more consistent experience throughout the season. The Company will share additional details on the ski area's transformation plan during its March earnings call.

Vail Resorts also announced that access to Wilmot will be included in the Company's Epic Pass and Epic Local Pass for the 2016-2017 ski season, further connecting the Chicago area to the Company's eight world-class mountain resorts in Colorado, Utah and Lake Tahoe.

"We are thrilled to welcome Wilmot Mountain to the Vail Resorts family. Wilmot is steeped in skiing tradition and enjoys tremendous brand recognition among Chicago and Milwaukee skiers and snowboarders, thanks to the passion and dedication of the Stopa family over the last 75 years. We plan to offer our Chicago and Milwaukee guests new season pass offerings that will provide the chance to experience the best skiing and snowboarding locally and in the West and will use our best-in-class technology to create more sophisticated channels of communication with everyone who skis at Wilmot. We also plan to bring the same state-of-the-art lifts, snowmaking, lodges, racing, terrain parks, coaching and technology to the guest experience at Wilmot Mountain, much like we have done at Mt. Brighton and Afton Alps, all while honoring the important legacy of the ski area," said Rob Katz, chairman and chief executive officer of Vail Resorts.

Wilmot Mountain was founded in 1938 by Walter Stopa, who opened the ski area with a single rope tow. By the 1950s, Wilmot Mountain was recognized as one of the most successful ski areas in the Midwest as it became the first in the region to develop and implement snowmaking with rubber hoses, aluminum pipes and sprinkler heads. Today, Wilmot Mountain offers 25 trails, four terrain parks, a ski and snowboard school, a ski racing program and a tubing hill with 23 lanes.

Vail Resorts also announced the appointment of Taylor Ogilvie as general manager of Wilmot Mountain, effective immediately upon closing of the acquisition. Originally from the Chicago suburbs, Ogilvie grew up skiing at Wilmot Mountain. Since June 2013, Ogilvie has served as general manager of Mt. Brighton in Michigan, where he ran all of the ski operations as well as oversaw the Company's $10-million investment in enhancing the ski area. Ogilvie began his career at Vail Resorts as a ski instructor and worked his way up through the ranks at the Vail and Beaver Creek Ski & Ride Schools to manager of the Vail Mountain Children's Ski & Ride School in Lionshead.

Vail Resorts is planning season pass products for Wilmot Mountain for the 2016-2017 season pass sales period which will begin in March 2016. For more information, visit www.epicpass.com.

About Vail Resorts, Inc. (NYSE: MTN)
Vail Resorts, Inc., through its subsidiaries, is the leading global mountain resort operator. The Company's subsidiaries operate nine world-class mountain resorts and two 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; Perisher in Australia; Afton Alps in Minnesota and Mt. Brighton in Michigan. The Company 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.

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SOURCE Vail Resorts, Inc.