EX-21 3 exhibit212025-q4.htm SUBSIDIARIES OF VAIL RESORTS, INC.
Exhibit 21
SUBSIDIARIES 1
OF
VAIL RESORTS, INC.

NAME | STATE OF INCORPORATION/ FORMATION | DOING BUSINESS AS
1016563 B.C. Ltd. | British Columbia |
1089881 B.C. Ltd. | British Columbia |
17402 HIDDEN VALLEY, LLC | Missouri |
2006 CIMARRON, LLC | Colorado |
AFFINITY SNOWSPORTS INC. | British Columbia |
ALL MEDIA ASSOCIATES, INC. | California |
ALL MEDIA HOLDINGS, INC. | Colorado |
ANDERMATT SEDRUN DISENTIS MARKETING AG | Switzerland |
ANDERMATT SEDRUN SPORT A.G. | Switzerland |
AQUIA PTY LTD | Australia |
ARRABELLE AT VAIL SQUARE, LLC | Colorado |
AUSTRALIAN ALPINE ENTERPRISES HOLDINGS PTY LTD | Australia |
AUSTRALIAN ALPINE ENTERPRISES PTY LTD | Australia |
AUSTRALIAN ALPINE RESERVATION CENTRES PTY LTD | Australia |
BBJFLQ, INC. | Pennsylvania |
BCRP, INC. | Delaware |
BEAVER CREEK ASSOCIATES, INC. | Colorado | BEANO AT BEAVER CREEK BEAR TRAP AT BEAVER CREEK, INC. BUCKBOARD AT BEAVER CREEK, INC. DALLY AT BEAVER CREEK, INC. FLATTOPS AT BEAVER CREEK, INC. GOLD DUST AT BEAVER CREEK, INC. GOSHAWK AT BEAVER CREEK, INC. GOSHAWK GLADE AT BEAVER CREEK, INC. GRAND TRAVERSE AT BEAVER CREEK, INC HAY MEADOW AT BEAVER CREEK LATIGO AT BEAVER CREEK MCCOY PARK AT BEAVER CREEK PINEY AT BEAVER CREEK, INC. RED BUFFALO AT BEAVER CREEK, INC. RED TAIL AT BEAVER CREEK SALT LICK AT BEAVER CREEK, INC. SHEEPHORN AT BEAVER CREEK, INC. SPRUCE SADDLE RESTAURANT STEP ONE, INC. STONE CREEK SWITCHBACK AT BEAVER CREEK, INC. STRAWBERRY PARK AT BEAVER CREEK STUMP PARK AT BEAVER CREEK, INC.

BEAVER CREEK FOOD SERVICES, INC. | Colorado | BACHELOR GULCH CLUB BEANO’S CABIN BEAVER CREPES AND COOKIES CANDY CABIN GUNDER’S TALONS WHITE CARPET CLUB
BLACK DIAMOND INSURANCE, INC. | Arizona |
BLACKCOMB MOUNTAIN DEVELOPMENT LTD. | British Columbia |
BLACKCOMB SKIING ENTERPRISES LIMITED PARTNERSHIP | British Columbia |
BLACKCOMB SKIING ENTERPRISES LTD. | British Columbia |
BLC OPERATORS, INC. | Pennsylvania |
BOOTH CREEK SKI HOLDINGS, INC. | Delaware |
BOSTON MILLS SKI RESORT, INC. | Ohio | BOSTON MILLS SKI RESORT
BOULDER VIEW TAVERN, INC. | Pennsylvania |
BRANDYWINE SKI RESORT, INC. | Ohio |
BRECKENRIDGE HOTEL MANAGEMENT COMPANY, LLC | Delaware |
BRECKENRIDGE RESORT PROPERTIES, INC. | Colorado | BRECKENRIDGE RESORT PROPERTIES VAIL RESORTS PROPERTY MANAGEMENT
BRECKENRIDGE TERRACE, LLC | Colorado |
CARINTHIA GROUP 1, LP | Vermont |
CARINTHIA GROUP 2, LP | Vermont |
CARINTHIA RESIDENTIAL PHASE 1, LP | Vermont |
CARINTHIA SKI LODGE LLC | Vermont |
CB COMMERCIAL PROPERTIES ‘07, LLC | Colorado |
COLORADO MOUNTAIN EXPRESS, INC. | Colorado | CME CME DESTINATIONS WEST CME PARTNERS CME PREMIER CMECOUPONS CMECOUPONS.COM COLORADO MOUNTAIN EXPRESS DESTINATIONS WEST EPIC MOUNTAIN EXPRESS GO CME GO COLORADO MOUNTAIN EXPRESS PREMIER VIP TRANSPORTATION RESORT EXPRESS ROCKY MOUNTAIN ART GUIDE ROCKY MOUNTAIN DINING GUIDE SKIER’S CONNECTION TRANSPORTATION MANAGEMENT SYSTEMS WHEELS OF FORTUNE
COLTER BAY CONVENIENCE STORE, LLC | Wyoming |
COLTER BAY GENERAL STORE, LLC | Wyoming |
CRANS-MONTANA FOOD AND BEVERAGE SA | Switzerland |

CRESTED BUTTE, LLC | Colorado | ATMOSPHERE BUTTE 66 BUTTE 66 BBQ ROADHOUSE CAMP CB CB CONFERENCE SERVICES CB MOUNTAIN SCHOOL CBMR LIFT TICKETS CBMR PROPERTIES CBMR SKI AND RIDE SCHOOL CBMR WHOLESALE DEPARTMENT COAL BREAKERS – CRESTED BUTTE MOUNTAIN RESORT CRESTED BUTTE DEVELOPMENT CORPORATION CRESTED BUTTE MOUNTAIN BIKE PARK CRESTED BUTTE MOUNTAIN RESORT CRESTED BUTTE RESORT CRESTED BUTTE SKI AREA CRESTED BUTTE SKI RENTAL CRESTED BUTTE TRAVEL CRESTED BUTTE VACATIONS CRESTED BUTTE WHOLESALE ELEVATION RETAIL GENERAL STORE – CBMR GRAND LODGE HOTEL GRAND LODGE RETAIL HALL OF FAME BAR & GRILL ICE BAR JEFE’S RESTAURANT KIDS WORLD – CBMR LODGE AT MOUNTAINEER SQUARE LOGO’D AT CB MOUNTAIN ADVENTURES OUTPOST CBMR OUTPOST—CBMR PARADISE RESORT COMMUNICATIONS RUSTICA CBMR RUSTICA—CBMR TEN PEAKS RESTAURANT THIN AIR SPORTS TRACKERS – CBMR TREASURY CENTER RENTALS ULEY’S CABIN WHITE ROOM WOODSTONE GRILL
CROTCHED MOUNTAIN PROPERTIES, LLC | New Hampshire |
CRYSTAL PEAK LODGE OF BRECKENRIDGE, INC. | Colorado | CRYSTAL PEAK LODGE
DELTRECS, INC. | Ohio |
DTPC, LLC | Delaware | DT PARK CITY HOTEL INTELLIGENTSIA ROOTS GRILL VERTICAL LOUNGE YARROW HOTEL
EVER VAIL, LLC | Colorado |

FALLS CREEK SKI LIFTS PTY LTD | Australia |
FIRST CHAIR HOUSING TRUSTEE, LLC | Colorado |
FLAGG RANCH COMPANY | Colorado |
FOREST RIDGE HOLDINGS, INC. | Colorado |
FROSTY LAND, INC. | New York |
GARIBALDI LIFTS LTD. | British Columbia |
GILLETT BROADCASTING, INC. | Delaware |
GORE CREEK PLACE, LLC | Colorado |
GRAND TETON LODGE COMPANY | Wyoming |
GREAT NORTH REGIONAL CENTER, LLC | Vermont |
GREATER PARK CITY COMPANY | Utah | ALPINE SLIDE APRES SKI CLUB BASE AREA CAFETERIA GREATER PARK CITY CORPORATION KINDERSCHULE MOUNTAIN LOGO PARK CITY MOUNTAIN RESORT PARK CITY MOUNTAIN RESORT RENTAL SHOP PARK CITY SKI AREA PARK CITY SKI CORPORATION RUSTY NAIL SILVER PUTT PARK STEEPS RESTAURANT THE SNOW HUT THE SUMMIT HOUSE
GREATER PROPERTIES, INC. | Delaware |
GROS VENTRE UTILITY COMPANY | Wyoming |
HEAVENLY VALLEY, LIMITED PARTNERSHIP | Nevada | HEAVENLY MOUNTAIN RESORT KIRKWOOD INN KIRKWOOD MOUNTAIN RESORT KIRKWOOD SERVICE CENTER
HIDDEN VALLEY GOLF AND SKI, INC. | Missouri | HIDDEN VALLEY SKI AREA
HPK, LLC | Delaware |
HUNKIDORI LAND COMPANY, LLC | Colorado |
HUNTER MOUNTAIN ACQUISITION, INC. | Missouri |
HUNTER MOUNTAIN BASE LODGE, INC. | New York |
HUNTER MOUNTAIN FESTIVALS, LTD. | New York |
HUNTER MOUNTAIN RENTALS, LTD. | New York |
HUNTER MOUNTAIN SKI BOWL, INC. | New York |
HUNTER RESORT VACATIONS, INC. | New York |
HVLP KIRKWOOD SERVICES, LLC | California |
JACKSON HOLE GOLF AND TENNIS CLUB, INC. | Wyoming |
JACKSON LAKE LODGE CORPORATION | Wyoming |
JENNY LAKE LODGE, INC. | Wyoming |
JENNY LAKE STORE, LLC | Wyoming |
JFBB LQ, INC. | Pennsylvania |
JFBB SKI AREAS, INC. | Missouri | JACK FROST BIG BOULDER
KEYSTONE CONFERENCE SERVICES, INC. | Colorado |
KEYSTONE DEVELOPMENT SALES, INC. | Colorado |

KEYSTONE FOOD & BEVERAGE COMPANY | Colorado | 9280’ ALPENTOP DELI DERCUM SQUARE ICE RINK KEYSTONE CONFERENCE CENTER CORPORATION KEYSTONE CORPORATE CENTER CORPORATION KEYSTONE LODGE & SPA MINER’S CART ONE SKI HILL PLACE PIONEER CROSSING SEVENS RESTAURANT SNOW DRIFTER THE CROW’S NEST THE LOBBY BAR AT RIVER MOUNTAIN LODGE THE OVERLOOK
KEYSTONE RANCH WATER COMPANY | Colorado |
KEYSTONE RESORT PROPERTY MANAGEMENT COMPANY | Colorado | KEYSTONE CENTRAL RESERVATIONS KEYSTONE MOUNTAIN RESERVATIONS KEYSTONE PROPERTY MANAGEMENT
KEYSTONE/INTRAWEST, LLC | Delaware | KEYSTONE REAL ESTATE DEVELOPMENTS
KEYSTONE/INTRAWEST REAL ESTATE, LLC | Colorado |
LAKE TAHOE LODGING COMPANY | Colorado |
LBO HOLDING, INC. | Maine | ATTITASH ATTITASH BEAR PEAK RESORT ATTITASH GRAND SUMMIT HOTEL ATTITASH MOUNTAIN RESORT ATTITASH RESORT
LODGE PROPERTIES, INC. | Colorado | THE LODGE AT VAIL
MAD RIVER MOUNTAIN, INC. | Missouri |
MHSC DP PTY LTD | Australia |
MHSC HOTELS PTY LTD | Australia |
MHSC PROPERTIES PTY LTD | Australia |
MHSC TRANSPORTATION SERVICES PTY LTD | Australia |
MOUNT HOTHAM MANAGEMENT AND RESERVATION PTY LTD | Australia |
MOUNT HOTHAM SKIING COMPANY PTY LTD | Australia |
MOUNT SNOW DEVELOP AND BUILD LLC | Vermont |
MOUNT SNOW GP SERVICES, LLC | Vermont |

MOUNT SNOW LTD. | Vermont | 1900’ BURGER BLUEBIRD EXPRESS CARINTHIA CARINTHIA LODGE CARINTHIA MOUNT SNOW CARINTHIA PARKS MOUNT SNOW BIKE PARK MOUNT SNOW BLUEBIRD EXPRESS MOUNT SNOW CHILD CARE MOUNT SNOW REALTY MOUNT SNOW SKI AREA MOUNT SNOW SKI RESORT MOUNT SNOW SKI SHOP NATURESPA STATION TAP ROOM
MT CB REAL ESTATE, LLC | Colorado |
NATIONAL PARK HOSPITALITY COMPANY | Colorado |
NORTHSTAR GROUP COMMERCIAL PROPERTIES, LLC | Delaware |
NORTHSTAR GROUP RESTAURANT PROPERTIES, LLC | Delaware |
OKEMO LIMITED LIABILITY COMPANY | Vermont | OKEMO MOUNTAIN RESORT OKEMO MOUNTAIN SKI RENTAL AND REPAIR SHOP OKEMO RENTAL SERVICE OKEMO SKI AND RIDE SCHOOL OKEMO VALLEY NORDIC CENTER OKEMO VALLEY GOLF ACADEMY SNOW STARS SNOW TRACKS LEARNING CENTER THE ICE HOUSE THE MEETING HOUSE THE OKEMO DIFFERENCE THE SPA AT OKEMO THE SPORTS CENTER AT OKEMO THE TOLL GATE GARDEN
OKEMO MOUNTAIN FOOD AND BEVERAGE, INC. | Vermont | 43 NORTH EPIC JACKSON GORE INN OKEMO TAP HOUSE ROBIN’S ROOST SIENA AT JACKSON GORE SKY BAR SMOKEY JOE’S GRILL SUGAR HOUSE AT OKEMO THE COLEMAN BROOK TAVERN THE CORNER STORE AT JACKSON GORE THE INN AT JACKSON GORE THE SITTING BULL LOUNGE VERMONT PIZZA AT OKEMO WILLIE DUNN’S GRILLE
ONE RIVER RUN, LLC | Colorado |
ONE SKI HILL PLACE, LLC | Colorado |
PAOLI PEAKS, INC. | Missouri |
PARK PROPERTIES, INC. | Delaware |
PEAK TO CREEK HOLDINGS CORP. | British Columbia |

PEAK TO CREEK LODGING COMPANY LTD. | British Columbia | LODGING OVATIONS
PEAK RESORTS, INC. | Missouri |
PERISHER BLUE PTY LIMITED | Australia |
PROPERTY MANAGEMENT ACQUISITION CORP., INC. | Colorado | ROCKY MOUNTAIN RESORT LODGING COMPANY
RCR VAIL, LLC | Colorado | ROCKY MOUNTAIN RESIDENCES, LLC
REMONTÉES MÉCANIQUES CRANS MONTANA AMINONA SA | Switzerland |
ROCKRESORTS ARRABELLE, LLC | Colorado |
ROCKRESORTS COSTA RICA S.R.L. | Costa Rica |
ROCKRESORTS DR, LLC | Delaware |
ROCKRESORTS INTERNATIONAL, LLC | Delaware |
ROCKRESORTS INTERNATIONAL MANAGEMENT COMPANY | Colorado |
ROCKRESORTS JAMAICA LIMITED | Jamaica |
ROCKRESORTS SKI TIP, LLC | Delaware |
ROCKRESORTS THIRD TURTLE, LTD. | Turks & Caicos Islands |
ROCKRESORTS, LLC | Delaware |
SKI LIBERTY OPERATING CORP. | Pennsylvania |
SKI ROUNDTOP OPERATING CORP. | Pennsylvania |
SLIFER SMITH & FRAMPTON/VAIL ASSOCIATES REAL ESTATE, LLC | Colorado | COLORADO LANDMARK REALTORS COLORADO LANDMARK INC. COLORADO LANDMARK, REALTORS COLORADO LANDMARK-MULTIPROP REALTY, INC PIQUET REALTY ROCKY MOUNTAIN LIFE SLIFER, SMITH & FRAMPTON REAL ESTATE SLIFER, SMITH & FRAMPTON/VAIL ASSOCIATES SLIFER, SMITH & FRAMPTON/VAIL ASSOCIATES LLC VAIL LIONSHEAD REAL ESTATE BROKERS VAIL-LIONSHEAD REAL ESTATE BROKERS VAIL-LIONSHEAD REAL ESTATE CO.
SNH DEVELOPMENT, INC. | Missouri | CROTCHED MOUNTAIN SKI AND RIDE AREA CROTCHED MOUNTAIN SKI AREA
SNOW CREEK, INC. | Missouri |
SNOW TIME ACQUISITION, INC. | Missouri |
SNOW TIME, INC. | Delaware |
SNOW TRUST | Australia |
SOHO DEVELOPMENT, LLC. | Colorado |

SSI VENTURE, INC. | Utah | ALL MOUNTAIN SPORTS ALTERNATIVE EDGE ASPEN SPORTS AT SNOWMASS ASPEN SPORTS LLC BEAVER CREEK FLY FISHER BEAVER CREEK SIGNATURE SHOP BICYCLE VILLAGE OF COLORADO BOARDER CROSS BOARDER CROSSING BOARDER X-ING BOOTSIE LACY B LLC BOULDER SKI AND BIKE BOULDER SKI AND BIKE DEALS BOULDER SKI DEALS BRECK SPORTS BRECKENRIDGE SPORTS BREEZE BREEZE SKI & SPORT BREEZE SKI RENTALS BUYSKIS.COM CB MOUNTAIN OUTFITTERS COLORADO SKI & GOLF COLORADO SKI AND BIKE COLORADO SNOWBOARDS COPPER MOUNTAIN SPORTS COPPER VILLAGE SPORTS CRESTED BUTTE RENTAL & DEMO CENTER DEPOT DEPOT SKI RENTALS EFLIN SPORTS EPIC MOUNTAIN GEAR EPIC MOUNTAIN RENTALS FRISCO SPORTS GORE CREEK FLY FISHERMAN GRAND WEST OUTFITTERS HAPPY THOUGHTS KEYSTONE SPORTS LIONSHEAD SPORTS LOGO’D AT GRAND LODGE MAIN STREET OUTLET MAX SNOWBOARD MOUNTAIN ADVENTURE CENTER MOUNTAIN BASICS MOUNTAIN SPORTS OUTLET MOUNTAINSPORT TELLURIDE ONE TRACK MIND PARK CITY MOUNTAIN SPORTS PEAK SPORTS RENTBOARDS.COM RENTSKIS GOLD RENTSKIS.COM RIVER RUN SPORTS ROCKY MOUNTAIN EYES AND TEES ROCKY MOUNTAIN EYES AND T’S ROCKY MOUNTAIN EYEWEAR ROCKY MOUNTAIN EYEWEAR LTD. “A SHADEY BUSINESS” SAN MIGUEL ANGLERS

SSI VENTURE, INC. (cont.) | Utah | SKI DEPOT SKI DEPOT RENTALS SKI DEPOT SPORTS SNOWMASS SPORT STALKER SPECIALTY SPORTS NETWORK SPECIALTY SPORTS VENTURE LLC STEAMBOAT SPORTS TAYLOR CREEK TAYLOR CREEK ANGLING SERVICES TAYLOR CREEK FLY SHOPS TAYLOR CREEK SPORTS TELLURIDE ADVENTURES TELLURIDE MOUNTAIN BIKE HEADQUARTERS LLC TELLURIDE MOUNTAINCRAFT LLC TELLURIDE SPORTS TEN MILE SPORTS THE DEPOT THE SKI DOCTOR VAIL FISHING GUIDES VAIL FLY-FISHING VAIL FLY-FISHING OUTFITTERS VAIL RESORTS RETAIL VAIL SPORTS VAIL SPORTS KIDS WINTER PARK SKI RENTALS WINTER PARK SKI SWAP WINTER PARK SPORTS WINTER PARK SWAP SHOP
SSV HOLDINGS, INC. | Colorado | NEVE SPORTS
SSV ONLINE LLC | Wisconsin | OUTDOOR OUTLET
SSV ONLINE HOLDINGS, INC. | Colorado |
STAGECOACH DEVELOPMENT, LLC | Nevada |
STAMPEDE CANTEEN, LLC | Wyoming |
SUMMIT SKI LIMITED | British Columbia |
SYCAMORE LAKE, INC. | Ohio | ALPINE VALLEY
TCRM COMPANY | Delaware |
TENDERFOOT SEASONAL HOUSING, LLC | Colorado |
THE CANYONS GOLF CLUB, LLC | Utah |
THE CHALETS AT THE LODGE AT VAIL, LLC | Colorado | THE LODGE AT VAIL CHALETS
THE GAME CREEK CLUB | Colorado |
THE SUNAPEE DIFFERENCE LLC | New Hampshire | MOUNT SUNAPEE RESORT MOUNT SUNAPEE SKI AREA MOUNT SUNAPEE SKI RENTALS

THE VAIL CORPORATION | Colorado | ARROWHEAD ALPINE CLUB ASPEN GROVE AVAIL ADVENTURE OUTFITTERS, LTD. BACHELOR GULCH BACHELOR GULCH CLUB BEAVER CREEK CLUB BEAVER CREEK RESORT GORE CREEK MINI GOLF PASSPORT CLUB PRATER LANE PLAY SCHOOL RED SKY GOLF CLUB RED SKY GOLF CLUB GUEST CLUBHOUSE PRO SHOP RED SKY GOLF CLUB MEMBER PRO SHOP THE ARRABELLE CLUB THE OSPREY AT BEAVER CREEK THE PASSPORT CLUBHOUSE AT GOLDEN PEAK THE YOUNGER GENERATION TV8 VAIL ASSOCIATES, INC. VAIL CONSULTANTS VAIL MOUNTAIN VAIL MOUNTAIN HIKING CENTER VAIL RESORTS MANAGEMENT COMPANY VAIL SNOWBOARD SUPPLY
THE VILLAGE AT BRECKENRIDGE ACQUISITION CORP., INC. | Colorado | BRECKENRIDGE CATTLE COMPANY BRECKENRIDGE MOUNTAIN LODGE CAFÉ BRECKENRIDGE GOLD STRIKE SALOON JAKE T. POUNDERS MAGGIE CAFETERIA MOUNTAIN THUNDER PROPERTY MANAGEMENT COMPANY PASTA COMPANY ROCKY MOUNTAIN RESORT LODGING THE VILLAGE AT BRECKENRIDGE THE VILLAGE AT BRECKENRIDGE RESORT VILLAGE PUB
TRIMONT LAND COMPANY | California | NORTHSTAR AT TAHOE RESORT NORTHSTAR CALIFORNIA
TRIPLE PEAKS LLC | Colorado |
VAIL ASSOCIATES HOLDINGS, LTD. | Colorado |
VAIL ASSOCIATES INVESTMENTS, INC. | Colorado | WARREN LAKES VENTURE, LTD.
VAIL ASSOCIATES REAL ESTATE, INC. | Colorado |
VAIL ASSOCIATES SCHOLARSHIP PROGRAM | Colorado |

VAIL FOOD SERVICES, INC. | Colorado | BISTRO 14 BUFFALOS ROADHOUSE GRILL CAMP 1, INC. EXTRA EXTRA FOX HOLLOW GOLF COURSE CLUBHOUSE GAME CREEK CLUB VILLAGE CLUBHOUSE GOLDEN PEAK GRILL GOLDEN PEAK RESTAURANT AND CANTINA IN THE DOG HAUS ONE ELK RESTAURANT RIPPEROO’S CORNER CAFÉ SALSA’S THE 10TH THE LIONS DEN BAR & GRILL TWO ELK RESTAURANT VAIL MOUNTAIN DINING COMPANY WAFFLE WAY WILDWOOD EXPRESS WILDWOOD SMOKEHOUSE WOK ‘N ROLL ‘N RICE, INC. WOK’N ROLL, INC.
VAIL HOLDINGS FINANCE B.V. | Netherlands |
VAIL HOLDINGS, INC. | Colorado | AD BROKERAGE, A DIVISION OF VAIL ASSOCIATES, INC. APRES LOUNGE AVON AT BEAVER CREEK AVON-VAIL COMPANY BEAVER CREEK ADVERTISING AGENCY BEAVER CREEK ANTIQUES, INC. BEAVER CREEK APARTMENTS, INC. BEAVER CREEK ART, INC. BEAVER CREEK AT AVON, INC. BEAVER CREEK AT VAIL, INC. BEAVER CREEK BACKPACKING, INC. BEAVER CREEK BAKERY, INC. BEAVER CREEK BAR, INC. BEAVER CREEK BARBERS, INC. BEAVER CREEK BICYCLES, INC. BEAVER CREEK BOOK AND POSTER SHOP, INC. BEAVER CREEK BOOK STORE, INC. BEAVER CREEK BOOKING AGENCY, INC. BEAVER CREEK BOOKING AND TICKET AGENCY, INC. BEAVER CREEK BOOKSTORE AND OFFICE SUPPLY, INC. BEAVER CREEK BUILDERS, INC. BEAVER CREEK BUS SERVICE, INC. BEAVER CREEK CAB, INC. BEAVER CREEK CABLE T V INC. BEAVER CREEK CAFÉ & LOUNGE, INC. BEAVER CREEK CAMERA, INC. BEAVER CREEK CHEESE SHOP, INC. BEAVER CREEK CINEMA, INC.

VAIL HOLDINGS, INC. (cont.) | Colorado | BEAVER CREEK CLEANERS, INC. BEAVER CREEK CLOTHING, INC. BEAVER CREEK CONDOMINIUM MANAGEMENT RENTAL, INC. BEAVER CREEK CONDOMINIUM RENTAL, INC. BEAVER CREEK CONDOMINIUMS AND LODGE, INC. BEAVER CREEK CONDOMINIUMS, INC. BEAVER CREEK CONDOTEL, INC. BEAVER CREEK CONFERENCE CENTER, INC. BEAVER CREEK CONSTRUCTION AND DEVELOPMENT, INC. BEAVER CREEK CONSTRUCTION COMPANY, INC. BEAVER CREEK CONSTRUCTION MANAGEMENT CONSULTANTS, INC. BEAVER CREEK CYCLE SHOP, INC. BEAVER CREEK DAIRY, INC. BEAVER CREEK DECORATING, INC. BEAVER CREEK DEPARTMENT STORE, INC. BEAVER CREEK DEVELOPMENT COMPANY, INC. BEAVER CREEK DISTRIBUTING, INC. BEAVER CREEK DRUGS, INC. BEAVER CREEK DRUGSTORE, INC. BEAVER CREEK DRY CLEANERS, INC. BEAVER CREEK ELECTRIC, INC. BEAVER CREEK ENGINEERS, INC. BEAVER CREEK EQUESTRIAN CENTER BEAVER CREEK FILLING STATION, INC. BEAVER CREEK FIREWOOD, INC. BEAVER CREEK FLORISTS, INC. BEAVER CREEK FLYING SERVICE, INC. BEAVER CREEK FOOD STORE, INC. BEAVER CREEK GALLERIES, INC. BEAVER CREEK GAS STATION, INC. BEAVER CREEK GENERAL CONTRACTORS, INC. BEAVER CREEK GIFT SHOP, INC. BEAVER CREEK GOLF AND TENNIS CLUB BEAVER CREEK GOLF CLUB BEAVER CREEK GOLF CLUB BAR & GRILL BEAVER CREEK GROCERY, INC. BEAVER CREEK GUIDES BEAVER CREEK HARDWARE, INC. BEAVER CREEK HEALTH SPA, INC. BEAVER CREEK HEATING & PLUMBING, INC. BEAVER CREEK HOSTESSES, INC. BEAVER CREEK HOTEL COMPANY, INC. BEAVER CREEK INTERIOR DESIGN, INC. BEAVER CREEK JEEP GUIDES BEAVER CREEK JEWELERS, INC. BEAVER CREEK JOURNAL, INC. BEAVER CREEK LANDSCAPING AND SNOWPLOWING, INC. BEAVER CREEK LAUNDROMAT, INC.

VAIL HOLDINGS, INC. (cont.) | Colorado | BEAVER CREEK LIMOUSINE SERVICE, INC. BEAVER CREEK LIQUOR AND WINE SHOP, INC. BEAVER CREEK LIQUOR STORE, INC. BEAVER CREEK LIQUORS, INC. BEAVER CREEK LODGE AND CONFERENCE CENTER, INC. BEAVER CREEK MAINTENANCE AND REPAIR, INC. BEAVER CREEK MARKET, INC. BEAVER CREEK MARKETING ASSOCIATION, INC. BEAVER CREEK MEADOWS, INC. BEAVER CREEK MERCHANTS ASSOCIATION BEAVER CREEK MOBILE COURT, INC. BEAVER CREEK MOBILE HOME PARK, INC. BEAVER CREEK MOTEL, INC. BEAVER CREEK MOTOR LODGE, INC. BEAVER CREEK MOUNTAIN CORPORATION BEAVER CREEK MOUNTAINEERING, INC. BEAVER CREEK NEWS AGENCY, INC. BEAVER CREEK NEWS, INC. BEAVER CREEK OUTDOOR CLUB, INC. BEAVER CREEK PAINTING, INC. BEAVER CREEK PHARMACY, INC. BEAVER CREEK PHOTOGRAPHY, INC. BEAVER CREEK PIZZA, INC. BEAVER CREEK PLANTERS, INC. BEAVER CREEK PRINTERY, INC. BEAVER CREEK PRINTING AND SECRETARIAL SERVICE, INC. BEAVER CREEK PUB, INC. BEAVER CREEK RANCH, INC. BEAVER CREEK REAL ESTATE, INC. BEAVER CREEK REALTY AND MANAGEMENT, INC. BEAVER CREEK RECREATION AREA, INC. BEAVER CREEK RENTALS, INC. BEAVER CREEK RESERVATION SERVICE BEAVER CREEK RESORT AND CONFERENCE CENTER, INC. BEAVER CREEK RESORT AND TENNIS CLUB BEAVER CREEK RESORT ASSOCIATION BEAVER CREEK RESTAURANT, INC. BEAVER CREEK SALES, INC. BEAVER CREEK SALOON, INC. BEAVER CREEK SECURITY BEAVER CREEK SERVICE CORPORATION BEAVER CREEK SERVICE STATION, INC. BEAVER CREEK SKI AND MOUNTAINEERING, INC. BEAVER CREEK SKI AND SPORTS BEAVER CREEK SKI AREA BEAVER CREEK SKI CLUB, INC. BEAVER CREEK SKI CORPORATION

VAIL HOLDINGS, INC. (cont.) | Colorado | BEAVER CREEK SKI PATROL BEAVER CREEK SKI RENTAL BEAVER CREEK SKI REPAIR BEAVER CREEK SKI RESORT BEAVER CREEK SKI SCHOOL BEAVER CREEK SKI SERVICE, INC. BEAVER CREEK SKI SHOPS BEAVER CREEK SKI TOURING, INC. BEAVER CREEK SKIING CORPORATION BEAVER CREEK SNOWPLOWING, INC. BEAVER CREEK SPIRITS, INC. BEAVER CREEK SPORT SHOP BEAVER CREEK SPORTING GOODS BEAVER CREEK SPORTS BEAVER CREEK STEAK HOUSE, INC. BEAVER CREEK SYSTEMS, INC. BEAVER CREEK T V, INC. BEAVER CREEK TAXI SERVICE, INC. BEAVER CREEK TENNIS CLUB BEAVER CREEK TOWING, INC. BEAVER CREEK TRADING POST, INC. BEAVER CREEK TRADING, INC. BEAVER CREEK TRAILER PARK, INC. BEAVER CREEK TRANSPORTATION CORPORATION BEAVER CREEK TRAVEL AGENCY, INC. BEAVER CREEK TRAVEL SERVICE, INC. BEAVER CREEK VACATION RESORT BEAVER CREEK VALLEY ASSOCIATION, INC. BEAVER CREEK VILLAGER, INC. BEAVER CREEK VISITORS SERVICE, INC. BEAVER CREEKSIDE BEAVER CREEK-VAIL COMPANY BEAVER-VAIL DEVELOPMENT CORPORATION EAGLE RESIDENCES EXTREMELY VAIL, INC. FOOD STORE AT BEAVER CREEK, INC. GAME CREEK CLUB LODGE AT BEAVER CREEK MERIDIAN GROUP JOINT VENTURE, LTD. PLAZA LODGE AT BEAVER CREEK THE ADVENTURE COMPANY, INC. THE BEAVER TAIL, INC. THE ENCLAVE RESTAURANT THE INN AT BEAVER CREEK TRAIL’S END BAR VAIL ASSOCIATES DEVELOPMENT CORPORATION VAIL ASSOCIATES VENTURES, INC. VAIL BEAVER CREEK REAL ESTATE VAIL BOBSLED ADVENTURES, INC. VAIL MOUNTAIN CLUB VAIL MOUNTAIN RESORT VAIL MOUNTAIN RESORT AND CONFERENCE CENTER VAIL PRODUCTIONS VAIL/BEAVER CREEK CENTRAL RESERVATIONS

VAIL HOLDINGS, INC. (cont.) | Colorado | VAIL/BROADMOOR, INC. VAIL/JAPAN ENTERPRISES, INC. VAIL-AVON COMPANY VAIL-BEAVER CREEK COMPANY WILDWOOD SHELTER
VAIL HOTEL MANAGEMENT COMPANY, LLC | Colorado |
VAIL RESORTS DEVELOPMENT COMPANY | Colorado | VAIL ASSOCIATES REAL ESTATE GROUP
VAIL RESORTS LODGING COMPANY, INC. | Delaware | PARK CITY RENTAL MANAGEMENT COMPANY VAIL RESORTS HOSPITALITY
VAIL RR, INC. | Colorado |
VAIL SUMMIT RESORTS, INC. | Colorado | BEAVER CREEK VILLAGE TRAVEL BRECKENRIDGE HOSPITALITY BRECKENRIDGE LODGING & HOSPITALITY BRECKENRIDGE MOUNTAIN RESORT BRECKENRIDGE PROPERTY MANAGEMENT BRECKENRIDGE SKI RESORT BRECKENRIDGE SKI RESORT CORPORATION COLORADO VACATIONS KEYSTONE CONFERENCE CENTER KEYSTONE LODGE & SPA KEYSTONE LODGING & HOSPITALITY KEYSTONE RESORT KEYSTONE RESORT, INC. KEYSTONE STABLES KEYSTONE TRAVEL RALSTON RESORTS, INC. RESERVATIONS FOR THE SUMMIT ROCKY MOUNTAIN RESORT VACATIONS ROCKY MOUNTAIN SKI CONSOLIDATORS VAIL/BEAVER CREEK CENTRAL RESERVATIONS VAIL/BEAVER CREEK RESERVATIONS, INC. VAIL/BEAVER CREEK TRAVEL
VAIL TRADEMARKS, INC. | Colorado | VAIL RESORTS TRADEMARKS, INC.
VAIL/ARROWHEAD, INC. | Colorado |
VAIL/BEAVER CREEK RESORT PROPERTIES, INC. | Colorado | ARROWHEAD PROPERTY MANAGEMENT COMPANY BACHELOR GULCH PROPERTY MANAGEMENT COMPANY BEAVER CREEK RESORT PROPERTIES BEAVER CREEK TENNIS CENTER PARK PLAZA RENTAL RESERVATIONS PARK PLAZA RESERVATIONS, INC. TRAPPER’S CABIN VAIL PROPERTY MANAGEMENT
VAMHC, INC. | Colorado |
VR ACQUISITION, INC. | California |
VR AUSTRALIA HOLDINGS PTY LTD | Australia |

VR CPC HOLDINGS, INC. | Delaware | CANYONS GOLF COURSE BEVERAGE CARTS COBRA DOG SHACK JUPITER JAVA KRISTI’S COFFEE CAFÉ LEGACY LODGE LEGACY SPORTS LEGENDS AT THE RESORT MID MOUNTAIN MINER’S CAMP RESTAURANT PARK CITY MOUNTAIN PARK CITY MOUNTAIN RESORT PARK CITY RESORT SNOW HUT SUMMIT HOUSE THE CANYONS
VR CPC SERVICES, LLC | Delaware |
VR HEAVENLY CONCESSIONS, INC. | California |
VR HEAVENLY I, INC. | Colorado |
VR HEAVENLY II, INC. | Colorado |
VR HOLDINGS, INC. | Colorado |
VR NE HOLDINGS, LLC | Delaware | JACKSON GORE VILLAGE JACKSON GORE VILLAGE RENTALS JACKSON GORE VILLAGE SPORT AND FITNESS CENTER
VR NW HOLDINGS, INC. | Delaware |
VR PA HOLDINGS, INC. | Pennsylvania |
VR US HOLDINGS, INC. | Delaware | AFTON ALPS AFTON ALPS RESORT BRUHN’S MT. BRIGHTON MT. BRIGHTON RESORT ONE CREEK MOUNTAIN GRILL SKI HILL GRILL THE TRUCK
VR US HOLDINGS II, LLC | Delaware | ADVENTURE CENTER ADVENTURE OUTFITTERS ALL MOUNTAIN PROGRAM (AMP) CHILDREN’S ADVENTURE CENTER CLIFF HOUSE RESTAURANT FIRST CHAIR ALPINE FRONT FOUR DEMO CENTER FRONT FOUR RENTALS FRONT FOUR SPORTS GEAR ZONE GONDOLA CAFÉ GREAT ROOM GRILL INSIDER’S GUIDE TO STOWE LODGE AT MT. MANSFIELD LODGE AT STOWE MOUNTAIN RESORT MANSFIELD CROSS-COUNTRY SKI CENTER MANSFIELD SPORT SHOPS MIDWAY CAFÉ MIDWAY LODGE MIGHTYBUSTERS MINIBUSTERS MOUNT MANSFIELD LODGE AT LONG TRAIL

VR US HOLDINGS II, LLC (cont.) | Delaware | MOUNTAIN CLINIC MT. MANSFIELD BASE LODGE MT. MANSFIELD LODGE MT. MANSFIELD SKI PATROL MT. MANSFIELD SPORTS OCTAGON CAFETERIA SLOPESIDE MARKET SPRUCE BASE CAMP SPRUCE CAMP SPRUCE CAMP BAR SPRUCE CAMP BASE LODGE SPRUCE LODGE AT MOUNT MANSFIELD SPRUCE PEAK SPORTS STAY TUNED STOWE ADVENTURE CENTER STOWE BASE CAMP STOWE BYPASS STOWE FOR STARTERS STOWE INSIDER GUIDE STOWE ROCKS! STOWE SPRUCE BASE LODGE STOWE TOYS STOWE, NATURALLY VERMONT’S BEST STOWEBUSTERS STOWE’S MIDWAY CAFÉ STOWKED SUMMER ADVENTURE CAMP THE CANTEEN RESTAURANT THE INN AT THE MOUNTAIN THE MANSFIELD CLUB THE SMUGGLER’S DEN THE STOWE MOUNTAIN RESORT THE STOWE SHOP THE WAFFLE TOLL HOUSE CONFERENCE CENTER TRAILBLAZERS TREETOP ADVENTURE ZIPTOUR ADVENTURE
VR WM HOLDINGS, LLC | Delaware | MT. BRIGHTON RESORT WILMOT MOUNTAIN WILMOT MOUNTAIN RESORT WILMOT MOUNTAIN SKI RESORT
VRSS HOLDINGS, LLC | Delaware | LAUREL MOUNTAIN RESORT
VRV AUSTRALIA PTY LTD | Australia |
WB LAND INC. | British Columbia |
WB LAND (CREEKSIDE SNOW SCHOOL) INC. | British Columbia |
WB/T DEVELOPMENT LTD. | British Columbia |
WC ACQUISITION CORP. | New Hampshire |
WEST LAKE WATER PROJECT, LLC | Vermont |
WHISTLER & BLACKCOMB MOUNTAIN RESORTS LIMITED | British Columbia |
WHISTLER ALPINE CLUB INC. | British Columbia |
WHISTLER BLACKCOMB EMPLOYMENT CORP. | British Columbia |
WHISTLER BLACKCOMB GENERAL PARTNER LTD. | British Columbia |
WHISTLER BLACKCOMB HOLDINGS INC. (f/k/a 1068877 BC Ltd.) | British Columbia |

WHISTLER HELI-SKIING LTD. | British Columbia |
WHISTLER MOUNTAIN RESORT LIMITED PARTNERSHIP | British Columbia |
WHISTLER SKI SCHOOL LTD. | British Columbia |
WHISTLER/BLACKCOMB MOUNTAIN EMPLOYEE HOUSING LTD. | British Columbia |
WHITETAIL MOUNTAIN OPERATING CORP. | Pennsylvania |

1 Includes only those entities owned 50% or greater.