November 30, 2015
SAM Magazine—Hunter, N.Y., Nov. 30, 2015—Peak Resorts has entered into an agreement to purchase Hunter Mountain, located in the Catskill Mountains of New york, for cash consideration of $35 million plus the assumption of two capital leases estimated at approximately $1.8 million. Hunter Mountain generates approximately $27 million (unaudited) in annual revenue. The purchase price is slightly more than six times Hunter Mountain’s adjusted EBITDA, which is estimated at...
November 19, 2015
SAM Magazine—Denver, Nov. 19, 2015—Despite a relatively warm start to the fall, recent snowstorms out West and snowmaking conditions in the East have a number of resorts opening for the season just ahead of Thanksgiving weekend. Colorado has seen multiple snow storms roll through in the past week, giving many areas the base needed to get the season going. Winter Park kicked things off on Nov. 18 with fresh snow on 11 open trails. There will be a variety of resorts to choose from...
November 17, 2015
SAM Magazine—Boston, Mass., Nov. 17, 2015—David Ingemie, president of Snowsports Industries America (SIA), was presented with the 30th annual BEWI Award during a luncheon in his honor on Nov. 13 at the Seaport World Trade Center on Boston Harbor. BEWI Productions president Bernie Weichsel, the award’s namesake, called David “an iconic figure in the U.S and international snowsports business,” noting that he has headed up SIA for more than 30 years. SIA is the...
November 16, 2015
Photo credit: www.tellurideskiresort.com. SAM Magazine—Telluride, Colo., Nov. 16, 2016—The Telluride Ski Patrol, which formed a union under the umbrella of the Communications Workers of America (CWA) last February, ratified its first union contract on Nov. 9 by a 50-1 vote. The three-year deal addressed several of the concerns that led to the formation of the union, including wage security and increases, benefit improvements, a grievance policy...
November 12, 2015
SAM Magazine—Truckee, Calif., Nov. 12, 2015—With storm totals in California being measured in feet, the ski and snowboard season is getting off to its best start in years on the West Coast. Nationwide, a number of resorts are already open and more are kicking things off, starting yesterday. Lake Tahoe has received more than two feet of snow in the past week, and snowmaking has been operating around the clock at several resorts. Alpine Meadows cranked up the lifts today, followed by...
The annual Toronto Snow Show, Oct. 15-18, 2015, at the International Centre, helped kick-start the upcoming Canadian winter ski season—as well as the North American consumer show season....
The annual ISKINY-PSAA Expo Sept. 21-23, 2015, at Lake Placid, N.Y., attracted more than 370 ski resort, vendor, and guest attendees from across North America. Two major themes dominated the...
The near-record turnout at this year's New England Summit Sept. 15-17 showed how much excitement there is in the region as resorts anticipate what El Nino will bring—including the...
The continued growth in summer resort operations lured more than 160 attendees representing 50 resorts, along with 34 vendor partners, from across North America to SAM’s 6th annual Summer Ops...
OK, that’s a trick question. SAVMI, the Ski Area Vehicle Mechanics Institute, is likely the only such program anywhere. Where else can groomer mechanics learn about Tier 4 mechanics, oil...