EX-25.1 12 a2206058zex-25_1.htm EX-25.1

Exhibit 25.1

 

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

FORM T-1

 

STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE

 

CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2)           
o

 


 

THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.

(Exact name of trustee as specified in its charter)

 

 

 

95-3571558

(Jurisdiction of incorporation
if not a U.S. national bank)

 

(I.R.S. employer
identification no.)

 

 

 

700 South Flower Street
Suite 500

Los Angeles, California

(Address of principal executive offices)

 

90017
(Zip code)

 


 

VAIL RESORTS, INC.

(Exact name of obligor as specified in its charter)

 

Delaware
(State or other jurisdiction of
incorporation or organization)

 

51-0291762
(I.R.S. employer
identification no.)

 

 

 



 

Table of Additional Registrants

 

Name

 

Jurisdiction 
of Formation

 

I.R.S. Employer
Identification No.

All Media Associates, Inc.

 

California

 

94-2791918

All Media Holdings, Inc.

 

Colorado

 

27-2635030

Arrabelle at Vail Square, LLC

 

Colorado

 

20-2754896

Booth Creek Ski Holdings, Inc.

 

Delaware

 

84-1359604

Beaver Creek Associates, Inc.

 

Colorado

 

84-0677537

Beaver Creek Consultants, Inc.

 

Colorado

 

84-0760348

Beaver Creek Food Services, Inc.

 

Colorado

 

84-0815288

Bryce Canyon Lodge Company

 

Colorado

 

61-1557439

BCRP Inc.

 

Delaware

 

28-8085854

Breckenridge Resort Properties, Inc.

 

Colorado

 

72-1536646

The Chalets at the Lodge at Vail, LLC

 

Colorado

 

20-3948664

Colter Bay Café Court, LLC

 

Wyoming

 

20-8495546

Colter Bay Convenience Store, LLC

 

Wyoming

 

20-8495378

Colter Bay Corporation

 

Wyoming

 

83-0219238

Colter Bay General Store, LLC

 

Wyoming

 

20-8495450

Colter Bay Marina, LLC

 

Wyoming

 

20-8495498

Crystal Peak Lodge of Breckenridge, LLC

 

Colorado

 

20-5515731

Delivery Acquisition, Inc.

 

Colorado

 

26-3003368

Flagg Ranch Company

 

Colorado

 

27-5445444

Gillett Broadcasting, Inc.

 

Delaware

 

37-0920781

Grand Teton Lodge Company

 

Wyoming

 

83-0161154

Heavenly Valley, Limited Partnership

 

Nevada

 

88-0266125

Jackson Hole Golf & Tennis Club Snack Shack, LLC

 

Wyoming

 

20-8495582

Jackson Lake Lodge Corporation

 

Wyoming

 

83-0219237

Jenny Lake Lodge, Inc.

 

Wyoming

 

83-0279520

Jenny Lake Store, LLC

 

Wyoming

 

20-8495624

Jackson Hole Golf and Tennis Club, Inc.

 

Wyoming

 

83-0267212

JHL&S LLC

 

Wyoming

 

83-0332983

Keystone Conference Services, Inc.

 

Colorado

 

84-1075280

Keystone Development Sales, Inc.

 

Colorado

 

43-1463384

Keystone Food & Beverage Company

 

Colorado

 

84-0678950

Keystone Resort Property Management Company

 

Colorado

 

84-0705922

La Posada Beverage Service, LLC

 

Delaware

 

20-1911061

Lodge Properties Inc.

 

Colorado

 

84-0607010

 

2



 

Lodge Realty, Inc.

 

Colorado

 

13-3051423

Lake Tahoe Lodging Company

 

Colorado

 

27-3213858

Mesa Verde Lodge Company

 

Colorado

 

20-8266270

Northstar Group Commercial Properties LLC

 

Delaware

 

84-1697136

Northstar Group Restaurant Properties, LLC

 

Delaware

 

26-2189728

National Park Hospitality Company

 

Colorado

 

20-8266177

One Ski Hill Place, LLC

 

Colorado

 

26-0720165

Property Management Acquisition Corp., Inc.

 

Tennessee

 

62-1634422

RCR Vail, LLC

 

Colorado

 

20-4190750

Rockresorts Arrabelle, LLC

 

Colorado

 

20-8495265

Rockresorts Cheeca, LLC

 

Delaware

 

84-1606605

Rockresorts Cordillera Lodge Company, LLC

 

Colorado

 

20-2830375

Rockresorts DR, LLC

 

Delaware

 

27-0441796

Rockresorts Equinox, Inc.

 

Vermont

 

06-1634157

Rockresorts Hotel Jerome, LLC

 

Colorado

 

20-8970216

Rockresorts International Management Company

 

Colorado

 

26-0664206

Rockresorts LaPosada, LLC

 

Delaware

 

84-1606604

Rockresorts, LLC

 

Delaware

 

75-2829919

Rockresorts Rosario, LLC

 

Delaware

 

84-1606602

Rockresorts Ski Tip, LLC

 

Delaware

 

26-1524744

Rockresorts Tempo, LLC

 

Florida

 

20-8495128

Rockresorts Wyoming, LLC

 

Wyoming

 

86-1076452

Rockresorts International, LLC

 

Delaware

 

84-1606606

Soho Development, LLC

 

Colorado

 

33-1122548

SSI Venture LLC

 

Colorado

 

84-1466271

SSV Holdings, Inc.

 

Colorado

 

20-4078956

SSV Online Holdings, Inc.

 

Colorado

 

45-2582270

SSV Online LLC

 

Wisconsin

 

45-2439605

Stampede Canteen, LLC

 

Wyoming

 

20-8495900

Teton Hospitality Services, Inc.

 

Wyoming

 

83-0332998

Trimont Land Company

 

California

 

94-1640750

The Vail Corporation

 

Colorado

 

84-0601461

Vail Associates Holdings, Ltd.

 

Colorado

 

84-1214955

Vail Associates Investments, Inc.

 

Colorado

 

84-1263682

Vail/Arrowhead, Inc.

 

Colorado

 

84-1253320

Vail/Beaver Creek Resort Properties, Inc.

 

Colorado

 

52-1479879

VAMHC, Inc.

 

Colorado

 

46-0486525

 

3



 

Vail Associates Real Estate, Inc.

 

Colorado

 

84-1013094

VA Rancho Mirage I, Inc.

 

Colorado

 

84-1606209

VA Rancho Mirage II, Inc.

 

Colorado

 

84-1606208

VA Rancho Mirage Resort, L.P.

 

Delaware

 

75-2578150

Vail Food Services, Inc.

 

Colorado

 

84-0596378

Vail Holdings, Inc.

 

Colorado

 

84-0568230

Vail Hotel Management Company, LLC

 

Colorado

 

20-2759921

Vail Resorts Development Company

 

Colorado

 

84-1242948

Vail Resorts Lodging Company

 

Delaware

 

33-0999676

Vail RR, Inc.

 

Colorado

 

84-1606210

Vail Summit Resorts, Inc.

 

Colorado

 

43-1273996

Vail Trademarks, Inc.

 

Colorado

 

84-1253319

The Village at Breckenridge Acquisition Corp., Inc.

 

Tennessee

 

62-1633660

VR Acquisition, Inc.

 

California

 

27-3645934

VR Heavenly Concessions, Inc.

 

California

 

68-0501999

VR Heavenly I, Inc.

 

Colorado

 

33-1039478

VR Heavenly II, Inc.

 

Colorado

 

33-1039481

VR Holdings, Inc.

 

Colorado

 

84-1510033

Zion Lodge Company

 

Colorado

 

26-0610823

 

390 Interlocken Crescent
Broomfield, Colorado
(Address of principal executive offices)

 


80021
(Zip code)

 


 

6.50% Senior Subordinated Notes due 2019
and Guarantees of 6.50% Senior Subordinated Notes due 2019
(Title of the indenture securities)

 

4



 

1.                                      General information.  Furnish the following information as to the trustee:

 

(a)                                  Name and address of each examining or supervising authority to which it is subject.

 

Name

 

Address

Comptroller of the Currency
United States Department of the Treasury

 

Washington, DC 20219

 

 

 

Federal Reserve Bank

 

San Francisco, CA 94105

 

 

 

Federal Deposit Insurance Corporation

 

Washington, DC 20429

 

(b)                              Whether it is authorized to exercise corporate trust powers.

 

Yes.

 

2.                                      Affiliations with Obligor.

 

If the obligor is an affiliate of the trustee, describe each such affiliation.

 

None.

 

16.                               List of Exhibits.

 

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the “Act”) and 17 C.F.R. 229.10(d).

 

1.                                       A copy of the articles of association of The Bank of New York Mellon Trust Company, N.A., formerly known as The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152875).

 

2.                                       A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).

 

3.                                       A copy of the authorization of the trustee to exercise corporate trust powers (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-152875).

 

5



 

4.                                       A copy of the existing by-laws of the trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-162713).

 

6.                                       The consent of the trustee required by Section 321(b) of the Act (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-152875).

 

7.                                       A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.

 

6



 

SIGNATURE

 

Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon Trust Company, N.A., a banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Los Angeles, and State of California, on the 27th day of October, 2011.

 

 

THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.

 

 

 

 

By:

/S/ MELONEE YOUNG

 

Name:

MELONEE YOUNG

 

Title:

VICE PRESIDENT

 

7


 

EXHIBIT 7

 

Consolidated Report of Condition of

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

of 700 South Flower Street, Suite 200, Los Angeles, CA 90017

 

At the close of business June 30, 2011, published in accordance with Federal regulatory authority instructions.

 

 

 

Dollar Amounts

 

 

 

in Thousands

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

Cash and balances due from depository institutions:

 

 

 

Noninterest-bearing balances and currency and coin

 

1,624

 

Interest-bearing balances

 

186

 

Securities:

 

 

 

Held-to-maturity securities

 

0

 

Available-for-sale securities

 

828,663

 

Federal funds sold and securities purchased under agreements to resell:

 

 

 

Federal funds sold

 

60,500

 

Securities purchased under agreements to resell

 

0

 

Loans and lease financing receivables:

 

 

 

Loans and leases held for sale

 

0

 

Loans and leases, net of unearned income.

 

0

 

LESS: Allowance for loan and lease losses

 

0

 

Loans and leases, net of unearned income and allowance

 

0

 

Trading assets

 

0

 

Premises and fixed assets (including capitalized leases)

 

8,561

 

Other real estate owned

 

0

 

Investments in unconsolidated subsidiaries and associated companies

 

0

 

Direct and indirect investments in real estate ventures

 

0

 

Intangible assets:

 

 

 

Goodwill

 

856,313

 

Other intangible assets

 

201,961

 

Other assets

 

146,990

 

Total assets

 

$

2,104,798

 

 

1



 

LIABILITIES

 

 

 

 

 

 

 

Deposits:

 

 

 

In domestic offices

 

506

 

Noninterest-bearing

 

506

 

Interest-bearing.

 

0

 

Not applicable

 

 

 

Federal funds purchased and securities sold under agreements to repurchase:

 

 

 

Federal funds purchased

 

0

 

Securities sold under agreements to repurchase

 

0

 

Trading liabilities

 

0

 

Other borrowed money:

 

 

 

(includes mortgage indebtedness and obligations under capitalized leases)

 

268,691

 

Not applicable

 

 

 

Not applicable

 

 

 

Subordinated notes and debentures

 

0

 

Other liabilities

 

227,247

 

Total liabilities

 

496,444

 

Not applicable

 

 

 

 

 

 

 

EQUITY CAPITAL

 

 

 

 

 

 

 

Perpetual preferred stock and related surplus

 

0

 

Common stock

 

1,000

 

Surplus (exclude all surplus related to preferred stock)

 

1,121,520

 

Not available

 

 

 

Retained earnings

 

482,674

 

Accumulated other comprehensive income

 

3,160

 

Other equity capital components

 

0

 

Not available

 

 

 

Total bank equity capital

 

1,608,354

 

Noncontrolling (minority) interests in consolidated subsidiaries

 

0

 

Total equity capital

 

1,608,354

 

Total liabilities and equity capital

 

2,104,798

 

 

I, Karen Bayz, CFO and Managing Director of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.

 

Karen Bayz                                   )                                            CFO and Managing Director

 

We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

 

Timothy Vara, President                       )

Frank P. Sulzberger, MD                      )                                      Directors (Trustees)

William D. Lindelof, MD                     )

 

2