Durango, CO (Wednesday, May 19, 2004) - Durango Mountain Resort (DMR) has reached agreement with the Tamarron Association of Condominium Owners (TACO) and The Glacier Club at Tamarron under which DMR will assume property management responsibilities of the Lodge at Tamarron.

Located 8 miles south of Durango Mountain Resort's central Purgatory Village and ski area, Tamarron Resort is known for its Arthur Hills-designed golf course and conference and group facilities. Since purchasing Tamarron in 2002, Tamarron Properties Associates has begun implementing the vision of creating the golf club and community now known as The Glacier Club at Tamarron. To date the new ownership has invested nearly $40 million renovating the existing golf course, constructing an additional nine holes and clubhouse, and remodeling the Lodge, including Antlers Bar & Grill and Augie's Prime Steakhouse.

"We welcome Tamarron to the family of properties managed by DMR," said DMR CEO Gary Derck. "With premier golf facilities, expanded conference and group services, and additional lodging options, the partnership between DMR and TACO significantly improves both our summer and winter resort offerings and represents a great step toward the realization of our mutual dream to create a seamless resort experience for our guests here in the North County."

DMR will work with the previous property manager, Mill Creek Management Company, LLC, effective May 1, to facilitate transition over the summer, and will formally take over the property management contract on August 1. DMR will begin marketing the Lodge at Tamarron as one of the best destination golf resorts in the Southwest, providing a unique offering that currently does not exist elsewhere in the Durango area.

"Our hope is to add a significant infusion of high-end golf groups and golf getaways to the many other visitors we attract each summer," said DMR General Manager Bill Rock, "plus we will continue to grow our year-round conference, group and family business who will appreciate Tamarron's impressive list of amenities."

The original 18 holes has been modernized and will be available for public play this summer. The Cliffs (north) nine will open on May 29, and the Hermosa (south) nine will open on or before August 1. Greens fees will cost $150 per round, but guests can take advantage of DMR's special "Stay and Play Package" including lodging and greens fees for $149 per person, per night (double occupancy).

After the 2004 season, Tamarron will no longer be available for public play. However, guests of DMR-managed Tamarron properties will be able to play the original Arthur Hills course. Access to the new Glacier nine and the new clubhouse is exclusive to Glacier Club equity members.

"We're extremely pleased to enter into this partnership," said E.J. Schanfarber, Durango Mountain Resort's Vice President of Lodging and Property Management. "The TACO board has shown great vision in helping us combine La Plata County's two main mountain resort draws, solidifying our position as Durango's premier year-round resort destination."