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  • Pacific Group Resorts, Inc. Submits Top Bid for Jay Peak at $76 Million

    PGRI president and CEO Vern Greco shares his thoughts on the acquisition with SAM. SAM Magazine—Jay, Vt., Sept. 8, 2022—Pacific Group Resorts, Inc. (PGRI) made the highest and best final bid to buy Jay Peak, $76 million, following an auction with multiple bidders. PGRI president and CEO Vern Greco told SAM that after three years spent pursuing the acquisition, PGRI is poised to bring renewed stability to the resort and its staff, and tap into its passion and energy. The prevailing bid remains subject to approval by the United States District Court in Southern Florida during a final hearing scheduled for Sept. 16. Judge Darrin P. Gayles, who has presided over the receivership in federal...

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 HEADLINE NEWS - Ski Area Management

Western Destinations Saw Occupancy, Revenue Plunge in April

SAM Magazine—Denver, May 19, 2020—Six weeks after the winter season was abruptly ended on March 15 by the Covid-19 pandemic, the 2019-20 ski season arrived at its traditional end. Lodging occupancy for the year through April 30 declined 21 percent, while the average daily rate (ADR) rose 7.1 percent, according to DestiMetrics in its monthly Mar...

 HEADLINE NEWS - Ski Area Management

Resorts Reopen Amid Easing Restrictions

SAM Magazine—May 18, 2020—Across the country, government officials are easing restrictions enacted to mitigate the spread of COVID-19, allowing many mountain resorts to resume operations. Some resorts are reopening with snow, while others are looking toward Welcoming passholders during reopening at Mt. Bachelor. Credit: Mt. Bachelor, Ore.summer...

 HEADLINE NEWS - Ski Area Management

NSAA LEADs on Climate 2020

SAM Magazine—May 15, 2020, Lakewood, Colo.—On Wednesday, May 13, the Outdoor Business Climate Partnership (OBCP) joined LEAD on Climate 2020. The event, facilitated by Google Hangouts and sustainability-focused NPO Ceres, brought together more than 330 business leaders for the largest ever call-to-action on climate change. OBCP is an alliance ...

 HEADLINE NEWS - Ski Area Management

Timberline to Reopen Friday, May 15

SAM Magazine—Government Camp, Ore., May 13, 2020—Following an executive order by Oregon Gov. Kate Brown specifically allowing several outdoor recreation activities to reopen, including the state’s ski areas, Timberline Lodge on Mt. Hood will reopen for skiing and riding with modified operations on Friday, May 15. In its outline of the reopen...

 HEADLINE NEWS - Ski Area Management

New England Pass Launches Promise Program

SAM Magazine—Newry and Carrabassett Valley, Maine; Lincoln, N.H., May 11, 2020—After a winter cut short and looming uncertainties about the pandemic’s impact on next winter, the New England Pass—which includes Sunday River Resort, Sugarloaf, and Loon Mountain Resort—has unveiled the 2020-21 New England Pass Promise program for winter seas...

 HEADLINE NEWS - Ski Area Management

Reopening Guidance: A Collection of Resources

SAM Magazine—Natick, Mass., May 6, 2020—As focus shifts to the prospect of opening for summer business, we’ve had several organizations from different industries share with us the guidance they’ve carefully put together, with steps to ensure a reasonably safe environment for both staff and guests when operations resume. These resources are ...

 HEADLINE NEWS - Ski Area Management

Powdr Launches Passholder Promise in Response to Pandemic

SAM Magazine—Killington, Vt., May 1, 2020—In response to COVID-19 impacts, Powdr has launched the Passholder Promise at Killington Resort in Vermont. The Promise provides 2019-20 season passholders with discounts on 2020-21 passes or K-Tickets, a refund guarantee and extended spring pricing on 2020-21 season passes, and a guarantee for the reso...

 HEADLINE NEWS - Ski Area Management

CWSAA Names Annual Award Recipients

SAM Magazine—Kelowna, British Columbia, April 30, 2020—The Canada West Ski Areas Association (CWSAA) named the 2020 recipients of its annual awards, which recognize extraordinary leaders in the western Canadian ski industry: Pat Boyle, Lars Fossberg Excellence Award; Rob McSkimming, Jim Marshall Leadership Award; and Mike Wiegele, Jimmie Spence...

 HEADLINE NEWS - Ski Area Management

Vail Resorts Raises $600 Million Through Bond Offering

SAM Magazine—Broomfield, Colo., April 30, 2020—Vail Resorts is raising $600 million through a bond offering, according to a report from Bloomberg news. A group of lenders granted a two-year waiver on some of the company's debt covenants to make the bond offering possible. The waiver applies until January 2022, making it one of the longest bank...

 HEADLINE NEWS - Ski Area Management

Ikon Pass Adds Mt. Bachelor and Windham Mountain

SAM Magazine—Denver, April 28, 2020—Alterra Mountain Company’s Ikon Pass will include access to two additional resorts beginning the 2020-21 season: Mt. Bachelor, Ore., and Windham Mountain, N.Y. The pass now includes access to 43 mountain destinations worldwide. Ikon Pass holders will have access to seven days each at Mt. Bachelor and Windh...

 HEADLINE NEWS - Ski Area Management

Snowmaking and Ski Area Pioneer Herman Dupré Dies at Age 87

SAM Magazine—Seven Springs, Pa., April 28, 2020—The man behind the development of Seven Springs Resort, Pa., and HKD Snowmakers, Herman Dupré, died April 25 at his Seven Springs home. He was 87. Dupré took over managing Seven Springs Resort at age 23 upon the death of his father. He transformed the hunting and fishing camp into one of the to...

 HEADLINE NEWS - Ski Area Management

Vail Grants Refunds for 2020 Passes, Offers 2021 Guarantees

SAM Magazine—Broomfield, Colo., April 27, 2020—Vail Resorts (VR) is granting its 2019-20 season pass holders credits of at least 20 percent, and up to 80 percent if they weren’t able to use their passes at all. It is also offering free “Epic Coverage” for the 2020-21 season, which will provide cash refun...

 HEADLINE NEWS - Ski Area Management

Congress Approves Additional Coronavirus Aid Package

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magazine, with a subscription or gift su...

 HEADLINE NEWS - Ski Area Management

Planning to Reopen? Consider This Italian Thinking

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

 HEADLINE NEWS - Ski Area Management

Masterfit Supplying Face Masks

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...