Vail Resorts operates ski resorts and develops real estate. The company owns four ski resorts in Colorado, one ski resort in Lake Tahoe, and one summer resort in Grand Teton, Wyoming. Vail resorts also owns a majority interest in RockResorts, which manages 10 luxury resort hotels throughout the United States. The company's Vail Resorts Development Company subsidiary develops real estate located near Vail's resorts.