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HEATHER'S NEWSLETTER

Winter 2009-2010

230 Bridge Street Vail, CO 81657

Dear Friends,

Another incredible ski season is upon us. Construction is still moving along for various projects around Vail Village and Lionshead. Here is a synopsis of what has happened and what will be coming to Vail and Lionshead. LIONSHEAD The Ritz Carlton is under way to the west of the Marriott in Lionshead. They are planning 125 condominiums of approximately 1200-1600 sq feet with underground parking and amenities including a heated pool etc. Sales are strong and delivery is scheduled for Fall 2010. Vail Resorts is planning a new base chairlift from this area that will span across West Forest Road.

VAIL - The Front Door

The Lodge at Vail Chalets consist of 13 ski in and out residences directly off Bear Tree ski run just west of the Vista Bahn Express. The residences are about 4,000 sq ft with generous views to the Gore Range and immediate access to the Vista Bahn. All 13 sold and there are 2 resales available at this time.

The old Holiday Inn west of the main roundabout at the entrance of Vail has been leveled along with the historic gas station that used to be next to it. Construction on the new Four Seasons is well underway. I invite you to visit the Bridge Street office to take a look at the beautiful model of this project.

The Four Seasons will be a mixture of over 100 hotel rooms and 2 floors of condominiums ranging from 1-5 bedrooms. 13 of 16 condominiums were available for purchase between $3 and 15 million and will vary in size from 1600-5875 sq ft. Only a few of the condos remain. Fractional ownership properties is also available. The hotel will offer all the amenities of an elegant Four Season hotel with its own ski storage in the village and complimentary transportation. Delivery is anticipated for summer of 2010.

Our town is going through some exciting renewal and renovation at this time and I thought it would be fun to keep you updated on the progress as the new Vail takes shape.

Hope to see you in Vail soon!

Kind Regards,

Heather McInerny, GRI