Business: Vail Resorts, Inc. is the premier mountain resort company in the world and a leader in luxury, destination-based travel at iconic locations. Their Company operates in three separate, but highly integrated segments: Their Mountain segment owns and operates the eleven premier resorts of Vail, Beaver Creek, Breckenridge and Keystone in Colorado, Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and Nevada, Park City Mountain Resort and Canyons in Park City, Utah, Afton Alps in Minnesota and Mt. Brighton in Michigan. Their mountain segment includes lift ticket, ski & snowboard school, dining and retail & rental businesses. Vail Resorts Hospitality owns and/or manages a portfolio of luxury hotels under the RockResorts brand, a number of hotels and condominiums located in proximity to their ski resorts, three destination resorts at Grand Teton National Park and several award-winning golf courses. Their Real Estate segment, Vail Resorts Development Company, holds, develops, buys and sells real estate in and around their resort communities.