Nunnenmacher Named General Manager Of One Willow Bridge Road

VAIL, CO (October 12, 2005) - Oliver Nunnenmacher has been named General Manager of One Willow Bridge Road, the $100 million luxury condominium project being developed in Vail Village.

Nunnenmacher will be responsible for managing the reservation system for the property's fractional ownership units, customer service for all condominium owners, as well as management and training of the full-time One Willow Bridge Road staff. He will handle all customer service requirements of fractional and full owners and will oversee all of the physical management of the property. In addition, Nunnenmacher will manage the property's budget and serve as a link between the individual owners and the board/developer.

He most recently served as assistant general manager at the Austria Haus in

Vail, which contains 18 fractional condominiums and 25 hotel rooms. Both Austria Haus and One Willow Bridge Road are managed by the Sonnenalp Resort and Nunnenmacher will report directly to Sonnenalp Resort owner Johannes Faessler. "Oliver has proven to be a valuable asset to the Austria Haus property," said Faessler. "His experience with the Vail community will provide One Willow Bridge Road residents with an outstanding management professional."

Prior to joining Austria Haus, Nunnenmacher worked as an assistant manager at three separate Sonnenalp properties in the Vail area. Originally from Klagenfurt, Austria, Nunnenmacher moved to the United States in 1997 after owning and operating a successful restaurant in his native country. Nunnenmacher also holds real estate development and management experience from his professional career in Austria.

Residents at One Willow Bridge Road enjoy the comforts of a luxury condominium blended with an extravagant hotel experience. The five-star management service and amenities by Sonnenalp Resort of Vail include access to resort guest privileges. Sumptuous spa treatments, housekeeping and room service are just a few amenities offered by the fine management professionals.

"We are thrilled at having found Oliver for this position," says Robert M. McNichols, developer of One Willow Bridge Road . "His fine reputation and attention to detail will bring the European style of service we envisioned for our residents. Our goal is to create a lifestyle unlike any other offered in Vail and Oliver will help us achieve that."

Currently under construction in the heart of Vail village, One Willow Bridge Road features 22 lavish condominiums available for both whole and fractional ownership. Construction of the project is scheduled for completion early in 2006.

One Willow Bridge Road residences were designed by Denver-based Kate Bodenhemier Interior Design, Inc. The condominiums feature warm, luxurious amenities that will be comfortable for year-round living. The units feature wide plank New American Black Cherry hardwood and Big Sky Bronze Flagstone flooring. Marble slab vanity tops and custom wood vanity cabinets are included in the mast bath and heated tile floors are found in all condominium baths. Living rooms display coffered ceilings with wood beams and custom crown moldings. Fractional ownership units are appointed with Brunschwig & Fils furniture, hand-crafted tables and the highest quality designer bedding.

About One Willow Bridge Road

One Willow Bridge Road is one of the first new developments as part of the Town of Vail's "Billion Dollar Renewal". The private residence club is the first of its kind in Vail Village and offers opportunities for whole or fractional ownership of two, three and four bedroom units to an elite group of consumers. One Willow Bridge Road offers state-of-the-art amenities and exclusive resort management services by the world-famous Sonnenalp Resort of Vail. For more information, visit www.onewillowbridgeroad.com.

About Sonnenalp Resort of Vail

A member of The Leading Small Hotels of the World, the AAA Four Diamond Sonnenalp Resort of Vail is a European-style resort with 128 guest suites appointed with hand-carved Bavarian furniture and European accents. The resort offers three restaurants and an in-house lounge, including the award winning Ludwig's and Bully Ranch restaurants. The Sonnenalp also features a full-service European spa; elegant conference facilities; live entertainment; valet parking; personalized service; and customized, all-inclusive vacation options for adults and children. The Sonnenalp Resort of Vail also boasts its own golf course and club, the Sonnenalp Golf Club. Featuring an 18-hole championship, links-style course, the Sonnenalp Golf Club is the host site of the Colorado Open. For more information, visit www.sonnenalp.com.

About Daedalus Real Estate Advisors, LLC

Daedalus Real Estate Advisors, LLC, is a Phoenix based commercial real estate services company that provides investment, development and communications consulting to corporate real estate clients. Recognized in 2004 and 2005 as one of the state's most influential developers by Arizona Business Magazine Daedalus Real Estate Advisors, LLC creates exclusive lifestyle experiences through office, industrial, retail, golf and resort residential development. For more information visit www.daedalusllc.com.