The Chateaux at Silver Lake

PARK CITY, Utah (June 30, 2009) -On July 1, 2009 Stein Eriksen Lodge Management Corporation will enter into a long-term agreement to manage The Chateaux at Silver Lake. Stein Eriksen Lodge Management Corporation will immediately begin managing the rental and lodging operations of the property including reservations, conference services, sales and marketing. The two hotels will continue to maintain their individual and unique brand identities and core service values.

"Stein Eriksen Lodge Management Corporation is pleased to have completed agreements with various ownership interests of The Chateaux to manage their operations. We are confident that a long-term agreement will be a beneficial partnership for both parties. We believe this relationship and transition will allow us to move forward in a positive direction," said Russ Olsen, chief executive officer at Stein Eriksen Lodge.

Stein Eriksen Lodge, a Norwegian style lodge, and The Chateaux, with its French dcor will run independently of one another with the distinct advantage of sharing the same sales and reservation resources, as well as accounting and human resources. The proximity of the two properties, located mid-mountain at Deer Valley Resort, will provide Park City with the largest number of hotel rooms and meeting facilities managed under one group with approximately 300 guest rooms and 17,000 square feet of indoor meeting space.

"We are pleased to begin a relationship with this premier hospitality service provider in Park City, UT," said Lynn Shostack, President of The Chateaux Homeowners' Association. "We look forward to a positive transition and mutually beneficial long-term relationship."

Contact Sarah Myers at (435) 645-6451 or [email]smyers@steinlodge.com[/email] for information regarding either property.

About Stein Eriksen Lodge
The Mobil Five-Star, AAA Five Diamond, Stein Eriksen Lodge is one of America's premier resorts and a member of the exclusive international association of independent luxury hotels and resorts, Preferred Hotels & Resorts Worldwide. One of the most accessible mountain destinations in North America, the Lodge provides guests with the ultimate year-round luxury destination, offering world-class hospitality, accommodations, fine-dining, meeting facilities, spa services and recreation. For more information, visit the Lodge's Web site at [url]www.steinlodge.com[/url] or call 800-453-1302.

About The Chateaux at Silver Lake
The Chateaux at Silver Lake is an elegant condominium hotel property located in the heart of Deer Valley Resort's mid-mountain Silver Lake Village. The Chateaux offers a variety of finely appointed and spacious room types including hotel rooms, studios, and multi-bedroom suites, full-spa, dining, meeting facilities and access to year-round recreation. For more information call 877-288-2978.

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