These are great slasher films although it's hard to treat them as two separate films. The second film is just part two of the same film really but set in a hospital. For me the first film has the edge because of the setting - an old deserted and completely isolated ski lodge. It has to be said also that what sets the first film in particular apart from its Hollywood equivalents (ie, any slasher film with a group of teens as bait) is that the group in Cold Prey are actually quite likeable and ordinary as opposed to Hollywood's predictable loud, screaming, `super-pretty' and `hunky' American teens so I found myself actually feeling slightly sorry for them as they gradually get shown the red card.
I don't really want to spoil anything about the baddie (not much to spoil really) but let's just say I'm a little immune to Michael Myers and Jason. These films are a welcome addition to the genre having the elements and thick snow also working against the potential victims.
I was pretty satisfied after watching these back to back.