When Vail Resorts Development Company (VRDC) set out to build The Ritz-Carlton Club & Residences at Vail they knew they were going to build something special but they had no idea it would generate so much attention. This month, Graham Frank with VRDC and Erik Peterson with OAC Management will fly to Orlando, Florida to join up with three executives from Old Republic Construction Program Group to present their success story to the International Risk Management Institute (IRMI) at their annual conference.

Richard Livermore, executive vice president for Old Republic Construction Program Group, said: “I was approached by our President a few months ago to submit a presentation topic to the IRMI Conference Board. I knew immediately what I was going to present on: Our success with Vail Resorts and OAC Management on implementing a Quality Program for The Ritz-Carlton Club & Residences at Vail. After five years and eleven projects we felt this was the quality construction story we wanted to share with our industry. Of all the vendors we’ve partnered with OAC Management’s Quality Assurance Observation Program produced the best results. We’re honored to have been chosen to present and are excited about the opportunity.”

Graham Frank, director of development for Vail Resorts, said: “This is a very exciting opportunity for VRDC to present to such an exclusive international audience. We knew we were doing the right thing when we decided to hire OAC Management to help us achieve our ‘QAO Certified’ designation, and have come to realize that we are in the front seat of pioneering a new level of designation that in all reality will become as identifiable as a LEED certification.”

“This is a great opportunity to share the vision and purpose of our company with the Insurance, Real Estate Development and Construction sector,” said Erik Peterson, President of OAC Management, “ and that is to infuse a culture of excellence into each one of our projects that will transform individuals and products into lasting models that will ultimately revolutionize our industry’.”

Vail Resorts Development Company received a first of its kind “QAO Certified” (Quality Assurance Observation Certification) award, presented by OAC Management Incorporated and Old Republic Construction Program Group, Inc. The Quality Assurance Observation (QAO) program has been applied to Vail Resorts Development Company’s most recently completed project, The Ritz-Carlton Residences, Vail.

For more information about the Quality Assurance (“QAO Certified”) program used on this project, visit www.oacminc.com.

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About OAC Management Incorporated
OAC Management Incorporated is a full service Professional Owner’s Representation company that provides a comprehensive approach to Risk Management. The company provides a range of professional services including Development, Construction and Project Finance Management to Quality Assurance Observation and Certification. OAC serves lending institutions, insurance companies, private owners, development companies and municipalities with a complete palette of professional project management services. OAC Management’s company website is www.oacminc.com.

About Vail Resorts
Vail Resorts, Inc., through its subsidiaries, is the leading mountain resort operator in the United States. The Company’s subsidiaries operate the mountain resort properties of Vail, Beaver Creek, Breckenridge and Keystone mountain resorts in Colorado, the Heavenly Ski Resort in the Lake Tahoe area of California and Nevada, and the Grand Teton Lodge Company in Jackson Hole, Wyo. The Company’s subsidiary, RockResorts, a luxury resort hotel company, manages casually elegant properties across the United States and the Caribbean. Vail Resorts Development Company is the real estate planning, development and construction subsidiary of Vail Resorts, Inc. Vail Resorts is a publicly held company traded on the New York Stock Exchange (NYSE: MTN). The Vail Resorts company website is www.vailresorts.com and consumer website is www.snow.com.

The Ritz-Carlton Residences, Vail are being developed and sold by RCR Vail, LLC an affiliate of Vail Resorts Development Company. Obtain the Property Report required by Federal law and read it before signing anything. No Federal agency has judged the merits or value, if any, of this property. The information presented herein is proposed and should not be relied upon as a basis for purchasing since all elements are subject to change, refinement or elimination by the developer without notice. The Arrabelle Club social membership is subject to applicable terms and conditions. Verify before purchasing. Designated trademarks are the property of Vail Trademarks, Inc. © 2010 Vail Resorts Development Company. This is not intended to be an offer to sell nor a solicitation of offers to buy real estate in The Ritz-Carlton Residences, Vail by residents of CA, CT, HI, ID, IL, NY, NJ, OK, and OR, unless registered or exemptions are available, or in any other jurisdiction where prohibited by law.