An exercise system is provided in which multiple exercise routines may be conducted with a single system. The exercise system may be used for skiing exercises, rowing exercises, and for weight training/resistance exercises. The system includes a housing that encloses a resistance assembly. A movable grip device and/or carriage interfaces with the resistance assembly so that movement of the grip device or carriage is resisted. The exercise system may include a concealment housing so that it may be stored in a compact and concealed position. The concealment housing may be an article of furniture or a portion of a structure to provide space saving benefits.