Exclusive Resorts Expands Ski Portfolio with Four Residences in Telluride

Date: October 13, 2003

Expansion in Telluride, Colo. Guarantees Unique Member Experience

Exclusive Resorts™ today announced the addition of four new properties to its portfolio of luxury homes in the mountain location of Telluride, Colo. Members have the choice to reside in one of three penthouses in the heart of Mountain Village or in a private home located adjacent to one of Telluride's most popular ski runs. "The Exclusive Resorts property philosophy is to have the definitive location in a destination's premier resort. In Telluride, this is obvious as the residences available to members are simply the destination's most desirable properties," said Brad Handler, co-founder, chairman and CEO. "Even more appealing is the fact that Telluride will be a unique experience for many of our members." Located in Heritage Plaza in Mountain Village, Exclusive Resorts' four bedroom penthouses are the model of ski-in/ski-out luxury, with hot tubs, gourmet kitchens and extraordinary finishes throughout. Each penthouse displays panoramic mountain views. Alternatively, Exclusive Resorts' members have access to a magnificent 4,300 SF, four-bedroom mid-mountain retreat on the Sundance ski trail. This handcrafted log home boasts a private sunken hot tub and 700 SF of southern exposure decks. Likewise, during the ski season, owners have the advantage of a private locker room at the inviting Heritage Crossing Club. The club offers skiers a cozy place to warm up, watch a ballgame or gather for an après ski cocktail. Mountain Village is connected to the town of Telluride by a spectacular 13-minute ride on the free gondola. The area encompasses nearly 2,100 acres of aspen and spruce covered mountainside and is traversed by ski runs, allowing for ski-in/ski-out accessibility.