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...
SAM Magazine—Park City, Utah, May 12, 2014—Snowbird Resort’s Dick Bass has partnered with Ian Cumming in a move that took many by surprise. The families have formed a partnership that makes billionaire Cumming majority owner of the resort. Bass remains as chairman. Cumming has the deep financial pockets Snowbird needs for capit...
SAM Magazine--Cheyenne, Wyo., May 10, 2014--A Wyoming Federal Court jury took less than 30 minutes to decide that Snow King Ski Area and Mountain Resort in Jackson Hole, Wyoming, was not liable for a minor’s fall from a chairlift in December of 2009. Texas residents Leya and Glenn Oswald, the child’s parents, sued Snow King Ski Area and...
SAM Magazine—Washington, D.C., May 9, 2014—In a sign of the underlying strength of the winter sports market, snowsports retail sales rose 7 percent this past season, to $3.6 billion, compared to the prior year, according to the RetailTRAK report from Leisure Trends and Snowsports Industries America (SIA). For the season, apparel sale...
SAM Magazine--North Woodstock, N.H., May 9, 2014--Jessyca Keeler has been selected by Ski New Hampshire's board of directors to serve as executive director of the state association, which represents 33 Alpine and cross-country resorts. Keeler is an avid skier and snowboarder and has been involved in the winter sports travel and tourism industry...
SAM Magazine—Lakewood, Colo., May 5, 2014—Resorts nationwide tallied 56.2 million visits for the 2013-14 season, making a strong rebound in the latter stages after a weather-challenged start. The total represented a mere 1.3 percent drop from the previous season, according to preliminary results from the most recent Kottke National End ...
SAM Magazine—Park City, Utah, May 1, 2014—Powdr Corp and Vail Resorts have continued to address one another through the media and public forums, including a series of public letters between the two companies’ CEOs and the Mountain Travel Symposium, as they await a judge’s ruling on the status of Park City Mountain Resort&rsq...
SAM Magazine--April 28, 2014--Several resorts announced record-breaking seasons today. First up, Stevens Pass, Wash., hosted more than 406,000 visits this winter making 2013/14 its largest season since visits have been electronically tracked. While much of the West Coast saw below average snowfall, Stevens Pass surpassed its 450-inch average with a...
SAM Magazine--Broomfield, Colo., April 24, 2014--Vail Resorts, Inc. (VR) reported certain season metrics for the comparative periods from the beginning of the season through April 20, 2014 and were adjusted as if Canyons was owned in both periods (but they do not include Afton Alps and Mt. Brighton). In short, visits were up 2.3% and lift revenue w...
SAM Magazine—Vail, Colo., April 22, 2014—SAM's fifth annual Summer Ops Camp, a hands-on educational and networking event, will head to Vail, Colo., Sept. 3-5. The Camp gathers resort managers and operators from around North America to explore the exciting opportunities in four-season attractions. In addition to a full schedule of...
SAM Magazine—East Stroudsburg, Pa., April 23, 2014—A father and son team, Kevin Fabiano and Kevin Jr., has bought Alpine Mountain Ski Resort and launched a multi-million dollar renovation of the area, estimated to reach $3 million in improvements by December 2014. The Fabianos purchased the area from Appletree Resource Group, which h...
SAM Magazine—Houghton, Mich., April 17, 2014—Vern Barber, manager of Marquette Mountain, Mich., for the past 32 years, is joining Mount Bohemia as general manager. He starts his new job May 5. Mount Bohemia president Lonie Glieberman said that Barber will be charged with managing the resort’s growing lodging facilities and year...
SAM Magazine—Washington, D.C., April 16, 2014—The U.S. Forest Service has finalized policy guidelines that will open opportunities for ski areas to develop and offer a variety of year-round recreation activities on the National Forests. The revised directives stem from the Ski Area Recreational Opportunity Enhancement Act of 2011. &q...
SAM Magazine—Breckenridge, Colo., April 16, 2014—Occupancy and revenue remained on an upward trend at destination resorts through March, according to Denver-based DestiMetrics. Results varied with the weather for the three major regions covered in the firm’s monthly report. But strong summer reservations across all three regions f...
SAM Magazine--Queensbury, N.Y., April 3, 2014--April Fool's Day was no joke for West Mountain--the area has exited bankruptcy. According to the Post Star, the final decree was made public this past Tuesday. Apex Capital, which has been operating the area since last summer and who bought the first mortgage on the property in November of last yea...
