DALLAS - April 7, 2006 -- Silverleaf Resorts, Inc. (AMEX:SVL) today announced the acquisition of Pinnacle Lodge, a 64-room hotel located in the Winter Park area of Colorado for approximately $3.6 million. The property will continue to be operated as a hotel as well as a destination for current Silverleaf members while the Company assesses the possibility of other acquisitions in Winter Park.
The Pinnacle Lodge joins Silverleaf's growing list of vacation properties in destination areas. The purchase of the Pinnacle Lodge is a strategic acquisition by Silverleaf as it is focused on providing its members with quality accommodations at affordable prices in some of the finest vacation destinations in the country. Only a few miles from the famed Winter Park and Mary Jane ski resorts, Pinnacle Lodge guests are surrounded by a year-round, high country playground that is unmatched in natural splendor.
"Colorado has always been a popular vacation destination for Silverleaf's members," said Sharon K. Brayfield, president of Silverleaf. "With Intrawest and Orvis' recent involvement in this popular area, we expect Winter Park to gain in national recognition as a destination." Our members can enjoy access to year-round outdoor activities, including major ski resorts, golf courses, fishing, and hiking. Located within a 1.5 hour drive of Denver this property provides us with an affordable and easily accessible entry point into an increasingly popular destination."
Link to related storyhttp://www.hotel-online.com/News/PR2006_2nd/Apr06_PinnacleLodge.htmlFind additional info atwww.silverleafresorts.comwww.pinnaclelodge.com
