The Five Lakes Trail is located in the Granite Chief Wilderness in between Alpine Meadows and Squaw Valley ski resorts and is easily accessible at the intersection of Alpine Meadows and Deer Park roads. The 5-mile moderate trail ascends approximately 900-1000 ft. along granite canyons and pine forests to a high-altitude meadow that creates a bowl of five lakes in between the rugged mountain peaks towering from above including a peak of Squaw Valley ski resort. As you ascend the trail, you will enjoy view of the Alpine Meadows ski resort from a distance, traverse under an abandon ski resort chair lift (said to be created to link the two ski resorts at one time) and climb along the rocky, granite cliff until you pass a waterfall and reach the high-altitude meadow. The hike takes only about one-hour to reach the meadow and lakes but I recommend spending at least a 1/2-day on the trail in order to fully explore and enjoy the lakes above. Since it is such a popular hike, the trail can become crowded, especially on weekends, but not to worry as there are plenty of nooks and coves to relax, picnic, swim and even fish in the lakes.Source