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—Woodbury, Conn., Sept. 5, 2013—Registration for SAM’s fourth annual Summer Ops Camp—a series of seminars, workshops, and site visits that explore the state of the art in summer operations—closes Monday. A few spots are still available for the camp, which takes place Sept. 15 to 17 at Attiash and Cranmore, ...
SAM Magazine—Bear Valley, Calif., Sept. 5, 2013—Bear Valley Resorts, which has been seeking a buyer to put Bear Valley’s recently approved development plan into effect, has said that a deal to sell the resort has collapsed. Managing partner Greg Finch told Stockton, Calif.-based The Record that the complexity of the deal, particul...
SAM Magazine—Durango, Colo., Sept. 3, 2013—A coalition of Olympic and X Games gold medalists and world champions has launched a $300,000 crowdfunding campaign to complete development of Ski Nation, a mobile application and independent skier network that will debut during the 2013-14 winter season in time for the 2014 Olympic Winter Game...
SAM Magazine—Seven Springs, Pa., Sept. 3, 2013—Seven Springs Mountain Resort has reached an agreement to buy its neighbor, Hidden Valley, from The Buncher Company. Located 13 driving miles from Seven Springs, Hidden Valley consists of approximately 1,200 acres encompassing 29 ski slopes and trails, as well as an 18-hole golf course. ...
SAM Magazine—Park City, Utah, Aug. 30, 2013—Following news of the eviction notice that Talisker Land Holdings delivered to Park City Mountain Resort (PCMR) earlier this week, Vail Resorts (VR) has said in a prepared statement that VR, which in handling lease negotiations in Talisker's stead, will not interfere with PCMR’s oper...
SAM Magazine--Park City, Utah, August 29, 2013--Another shot has been fired in the on-going lease battle between Talisker Land Holdings and Park City Mountain Resort (PCMR), this time in the form of an eviction notice. Yesterday, Talisker filed a notice saying that PCMR is a tenant and they have five days to vacate the land it leases from Talisker ...
SAM Magazine--Broomfield, Colo., August 29, 2013--Vail Resorts, Inc. (VR) today announced a partnership with the largest ski area in the world, Les 3 Vallées, France, home to the legendary mountain resorts of Courchevel, La Tania, Méribel, Brides-les-Bains, Les Menuires, Saint Martin de Belleville, Val Thorens and Orelle, France. The ...
SAM Magazine—Park City, Utah, Aug. 28, 2013—The U.S. Ski and Snowboard Association (USSA) has named Olympian Tiger Shaw as chief operating officer, effective Oct. 1. Shaw, a native of Stowe, Vt., and a former U.S. Alpine Ski Team athlete, will transition in the spring of 2014 to succeed Bill Marolt as president and chief executive offic...
SAM Magazine--Jay, Vt., August 22, 2013--Jay Peak Resort announced that it has signed an agreement to host the 2016 Porsche Club of America's Porsche Parade. The event will bring more than 2,000 Porsche owners from around the country, and reps from the Porsche factory to Jay Peak for 10 days in mid-June 2016. The parade represents the largest p...
SAM Magazine--Newry, Maine, August 22, 2013--Sunday River Resort announced that it has added 75 acres of terrain, becoming the second largest mountain resort in New England (behind Sugarloaf), with a total of 820 acres. Included in the new terrain is T72, a 15-acre terrain park trail, and five new gladed areas, all set to open for the 2013-14 seaso...
SAM Magazine--Queensbury, N.Y., August 19, 2013--As of August 15, West Mountain, N.Y., will be operated by Apex Capital and will open this winter. According to the Post Star, the group parted ways with the former ski area owner, Mike Barbone, but will now have full control over the resort. Barbone filed for Chapter 11 bankruptcy in June and, rather...
SAM Magazine--Denver, Colo., August 19, 2013--At the halfway point of summer, lodging properties from 17 participating western mountain resorts are seeing steady crowds this summer and are on pace to be the busiest ever according to the most recent data released by Destimetrics. The measurements are from data collected through July 31 and reflect o...
SAM Magazine—Rutland, Vt., Aug. 15, 2013—Okemo Mountain Resort, Killington Resort, Pico Mountain at Killington and Mount Sunapee Resort have partnered to introduce 4.0 The College Pass for undergraduate and graduate students. For $369 (plus tax) students get unlimited skiing and riding at all four areas. The deal is available for purcha...
SAM Magazine—Big Sky, Mont., Aug. 15, 2013—Yellowstone Club owner CrossHarbor Capital Partners, in partnership with Boyne Resorts, which operates Big Sky Resort, are acquiring Moonlight Basin from Lehman Brothers Holdings, which owned Moonlight through a 2012 bankruptcy sale. The deal is expected to close within the next several weeks. ...
SAM Magazine--Terreboone, Que., August 9, 2013--After 18 years at the helm of the Québec Ski Areas Association (ASSQ), Claude Péloquin will be leaving his position on September 6 to become the CFO at Ski Bromont. Under Péloquin's leadership, the ASSQ established an insurance program, developed a range of professional suppor...
