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Alterra Mountain Company Appoints Tim Donahue as Chief Financial Officer and Executive Vice President

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JPMorgan Chase & Co. Senior Executive Joins the Alterra Mountain
Company Team

Rusty Gregory, CEO of Alterra
Mountain Company
, today announced the appointment of Timothy B.
Donahue as Chief Financial Officer and Executive Vice President.

Mr. Donahue has spent the last 19 years at JPMorgan Chase & Co.
building, growing, and running debt businesses in the North American and
Asia Pacific regions. Most recently, he served as head of JPMorgan's
Leveraged Finance Capital Markets Group as the top debt desk on Wall
Street, helping to raise tens of billions of dollars for sponsor-led
companies and public corporations. Mr. Donahue also spent time as a
partner at Blackstone's GSO Capital Partners and as a corporate
securities attorney at Battle Fowler LLP.

Mr. Donahue's duties at Alterra Mountain Company include oversight of
all areas of finance, externally in the debt and equity markets, and
internally supporting the leadership of the company's destinations and
corporate functions to drive performance and growth. Additionally, Mr.
Donahue is responsible for teams specializing in shared service
accounting, tax, treasury, internal audit, shareholder relations and
regulatory compliance.

"Beyond all the duties of a traditional CFO, Tim will also play a key
leadership role in shaping and implementing Alterra Mountain Company's
strategy, along with building and motivating the cross-functional teams
across our enterprise," said Rusty Gregory, Chief Executive Officer,
Alterra Mountain Company. "He is the right person, at the right time,
with the ideal combination of financial and leadership skills to partner
with our team in building the best run portfolio of mountain
destinations in the world."

"I am excited to join Rusty and the impressive team at Alterra Mountain
Company," said Tim Donahue, Chief Financial Officer & Executive Vice
President, Alterra Mountain Company. "Under KSL Capital and the Crown
family's ownership, and Rusty's leadership, this represents the perfect
opportunity to join an organization that has some of the finest
professionals in the business, strong growth prospects, and is in an
industry I am passionate about. I look forward to helping build a
cohesive culture across our premier destinations, and to contributing at
both the corporate and destination level."

Mr. Donahue will be based out of Alterra Mountain Company's Denver
office.

About Alterra Mountain Company

Alterra Mountain Company is a family of 13 iconic year-round
destinations, including the world's largest heli-ski operation, offering
the Ikon Pass, the new standard in season passes. The company owns and
operates a range of recreation, hospitality, real-estate development,
food and beverage and retail businesses. Headquartered in Denver,
Colorado with destinations across the continent, Alterra Mountain
Company is rooted in the spirit of the mountains and united by a passion
for outdoor adventure. Alterra Mountain Company's family of diverse
playgrounds spans five U.S. states and three Canadian provinces:
Steamboat and Winter Park Resort in Colorado; Squaw Valley Alpine
Meadows, Mammoth Mountain, June Mountain and Big Bear Mountain Resort in
California; Stratton in Vermont; Snowshoe in West Virginia; Tremblant in
Quebec, Blue Mountain in Ontario; Deer Valley Resort and Solitude
Mountain Resort in Utah; and CMH Heli-Skiing & Summer Adventures in
British Columbia. Alterra Mountain Company honors each destination's
unique character and authenticity and celebrates the legendary
adventures and enduring memories they bring to everyone. For more
information, visit www.alterramtnco.com.

About Ikon Pass

The Ikon Pass is the new standard in season passes, connecting the most
iconic mountains across North America and Australia, delivering
authentic, memorable snow adventures. Brought to you by Alterra Mountain
Company, the Ikon Pass unlocks access to a community of diverse
destinations you want to ski and ride, including Aspen Snowmass,
Steamboat, Winter Park Resort, Copper Mountain and Eldora in Colorado;
Squaw Valley Alpine Meadows, Mammoth Mountain, June Mountain and Big
Bear Mountain Resort in California; Jackson Hole Mountain Resort in
Wyoming; Big Sky in Montana; Stratton, Killington and Sugarbush Resort
in Vermont; Snowshoe in West Virginia; Tremblant in Quebec and Blue
Mountain in Ontario, Canada; SkiBig3 in Alberta, Canada; Revelstoke
Mountain Resort in British Columbia, Canada; Sunday River and Sugarloaf
in Maine; Loon Mountain in New Hampshire; Deer Valley Resort, Solitude
Mountain Resort, Alta and Snowbird in Utah, and Thredbo in Australia.
Special offers are available at CMH Heli-Skiing & Summer Adventures, the
world's largest heli-skiing operation. For more information on the Ikon
Pass, visit www.ikonpass.com.

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