SAM Magazine--Vail, Colo., Aug. 20, 2004--Vail Resorts has signed contracts worth $43.8 million for the sale of 11 townhomes in the elite Gore Creek Place development in Vail's LionsHead neighborhood. The Gore Creek Place project includes 16 townhomes in all, ranging in size from 3,500 to 4,400 square feet.

All 11 townhomes, part of Vail's New Dawn renovation effort, were sold at full list price without discount and have averaged in excess of $1,000 per square foot. Pending final local approvals, construction is expected to begin shortly after Labor Day.