Jackson Hole, WY (Friday, July 26, 2002) - Four Seasons Hotels and Resorts and LDW Resort and Hotel Development, LLC yesterday announced the commencement of sales and the opening of the sales office for Four Seasons Residence Club Jackson Hole, a shared ownership property fully integrated with Four Seasons Resort.

Situated at the base of Jackson Hole Mountain Resort in Teton Village, the Residence Club will offer shared ownership of up to 40-units comprised of two and three-bedroom Residence Club. The Resort, slated to open for the 2003/2004 ski season, is the first Four Seasons ski property in the U.S. as well as the first development to include all three of the company's offerings: Four Seasons Residence Club, Four Seasons Private Residences, and Four Seasons hotel.

"Four Seasons Residence Club Jackson Hole is the ideal second home option for outdoor enthusiasts," said Duffy Keys, senior vice president, Four Seasons Hotels and Resorts. "With the Residence Club, consumers are able to own a luxury second home alternative in a prime real estate market, without the maintenance obligations of full home ownership. In addition, with the number of owners limited to seven per condominium, Jackson Hole Residence Club owners will be able to enjoy more days in residence with greater flexibility in selecting those days."

The Residence Club at Four Seasons Resort Jackson Hole will provide owners with access to all of the services and amenities available to hotel guests, including gourmet dining, spa and fitness facilities, check-in/check-out, daily housekeeping services, laundry service, valet parking, in-residence dining, ski concierge service as well as long-term storage of skis, golf clubs and other personal items. All units will include deep-soaking tubs, a fully appointed kitchen, ensuite laundry facilities, a spacious living room with gas fireplace, a dining area with seating for six in the two-bedroom units and eight in the three-bedroom units, and a private balcony off the living room. Two-bedroom units will include two-and-a-half bathrooms; three-bedroom units will offer three full bathrooms with separate shower.

The Resort will feature a 13,000-square-foot spa and fitness center that offers massage and treatment rooms, workout facilities, hair salon, a year-round outdoor heated pool and three outdoor whirlpools. Fine dining comes in several incarnations at the Resort, including an elegant bi-level restaurant with slope-slide views, a lobby lounge, and a cafe/après-ski bar.

Developed by LDW Resort and Hotel Development, LLC, the property is nestled slope-side for convenient ski-in/ski-out access. The project is designed to reflect Wyoming's strong Western heritage while remaining compatible with the surrounding mountain ski area architecture.