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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

Whistler Blackcomb Releases Third Quarter Results

SAM Magazine--Whistler, B.C., August 8, 2013--Whistler Blackcomb Holdings Inc. reported financial results for the three months and nine months ended June 30, 2013. The corporation holds a 75% interest in Whistler Blackcomb. The company reported a 25% drop in skier visits for the third quarter, which went from 332,000 to 249,000, and a 4% decrease f...

 HEADLINE NEWS - Ski Area Management

InTouch Technology Joins New Zealand Tourism Group

SAM Magazine--Vail, Colo., August 8, 2013--Intouch Technology Group, formed in 1993 to develop the Ultima product suite for the wintersports industry and recreational facilities, has joined forces with Trojan Holdings, a New Zealand-based tourism company that operates three ski areas in the southern Alps. As a result of the merger, Intouch appointe...

 HEADLINE NEWS - Ski Area Management

Utah Pass Wars Heat Up

SAM Magazine--Utah, August 8, 2013--On the heels of the annoucement by Alta, Snowbird, Deer Valley and Park City that each of their season pass holders can enjoy priveleges at any of the four areas, Brighton Resort and Solitude teamed up to offer the Big Cottonwood Pass for $999. The joint pass is valid at both resorts with no blackout dates. The t...

 HEADLINE NEWS - Ski Area Management

Bigrock Ski Area Seeking Public Support

SAM Magazine—Mars Hill, Maine, Aug. 6, 2013—The nonprofit Maine Winter Sports Center (MWSC), which has owned the Bigrock Mountain community ski area here since 2000, hopes to turn over the area to the community of Bigrock supporters. MWSC expects the community will fund operations and establish a new non-profit to operate the area, much...

 HEADLINE NEWS - Ski Area Management

Mountain Collective, POW Team to Combat Climate Change

SAM Magazine—Aspen, Colo., Aug. 5, 2013—The Mountain Collective, an alliance of independent mountain resorts—Aspen/Snowmass, Whistler, Alta, Snowbird, Squaw Valley/Alpine Meadows, Jackson Hole, and Mammoth—and Protect Our Winters (POW) are partnering in an effort to unite the winter sports community on climate change. The...

 HEADLINE NEWS - Ski Area Management

Killington-Elan Partnership Gives Beginners New Skis

SAM Magazine—Killington, Vt., Aug. 1, 2013—Killington is making beginning adult skiers an amazing offer: complete a four-lesson package and receive a new pair of Elan eRise skis—along with discounts on boots and poles, and half-price lessons and lift tickets through the 2014-15 season. The details: the $249 learn-to package inc...

 HEADLINE NEWS - Ski Area Management

Wasatch Areas Grant Free Days to Neighbors’ Passholders

SAM Magazine—Park City, Utah, Aug. 1, 2013—Qualifying season’s passholders at Alta, Deer Valley, Park City Mountain Resort and Snowbird will receive three free days at each of the other resorts in the group for the 2013-14 season. The free tickets will be honored seven days a week, except for Dec. 21-Jan. 5 and Feb. 15-17. Elig...

 HEADLINE NEWS - Ski Area Management

Yellowstone, Boyne Buy The Club at Spanish Peaks

SAM Magazine—Big Sky, Mont., July 25, 21013—CrossHarbor Capital, which owns the Yellowstone Club, and Boyne Resorts, which owns Big Sky Resort, have jointly purchased The Club at Spanish Peaks, a 5,700-acre upscale residential development near Big Sky, for $26.1 million. The private community filed for Chapter 7 bankruptcy in 2011. I...

 HEADLINE NEWS - Ski Area Management

Alpine Mountain Goes On the Block

SAM Magazine--July 25, 2013--Alpine Mountain Ski and Snowtubing, located in the Poconos in Pennsylvania, will be sold by competitive sealed bid in September. According to the Pocono Record, Alpine was bought two years ago by Appletree Management, which managed the ski area for three years prior. Appletree management stated that it wanted to get bac...

 HEADLINE NEWS - Ski Area Management

Plattekill Responds to the Belleayre Expansion

SAM Magazine--July 19, 2013--The following is a letter Laszlo Vajtay, owner of Plattekill Mountain in Roxbury, N.Y., wrote to the Department of Environmental Conservation in opposition of the proposed expansion at neighboring Belleayre Mountain. For more on the story, check out yesterday's headline news story at http://www.saminfo.com/news/neig...

 HEADLINE NEWS - Ski Area Management

Black Mountain Taken Over By Board of Directors

SAM Magazine—Rumford, Maine, July 19, 2013—Ownership of Black Mountain Ski Resort has been transferred from the Maine Winter Sports Center, which has owned the area since 2003, to the resort’s volunteer board of directors, effective Monday. The resort remains a non-profit, but will no longer enjoy the financial support of the Libr...

 HEADLINE NEWS - Ski Area Management

12 Western Resorts Form ‘Powder Alliance’

SAM Magazine—Wrightwood, Calif., July 18, 2013—In response to the development of other multi-area pass deals, a dozen Western resorts have created the Powder Alliance and are offering free lift access to “anytime” passholders from member resorts. The areas are Crested Butte, Colo.; Snowbasin Resort, Utah; Sierra-at-Tahoe, Ch...

 HEADLINE NEWS - Ski Area Management

Neighboring County Opposes Belleayre Expansion

SAM Magazine--July 18, 2013--A proposed $74 million expansion of Belleayre Mountain Ski Center, in Ulster County, N.Y., is being opposed by neighboring Greene County lawmakers. In a letter to the State Department of Environmental Conservation, the Greene County legislature claims that using taxpayer dollars for the expansion of the state-owned ski ...

 HEADLINE NEWS - Ski Area Management

Altor to Buy Rossignol

SAM Magazine—Stockholm, Sweden, July 15, 2013—Private equity group Altor is acquiring a majority stake in Rossignol Group from the current owners, Australian bank Macquarie (77 percent) and U.S. sporting goods conglomerate Jarden (17 percent), which also owns K2, Marker, Volkl, and several other brands. The deal values Rossignol at $196...

 HEADLINE NEWS - Ski Area Management

Western Mountain Destinations Hit Record Summer Pace

SAM Magazine—Denver, July 15, 2013—Hot temperatures throughout the western U.S. and increased summer programming have led to growing summer lodging occupancy, according to DestiMetrics (formerly the Mountain Travel Research Program). The June occupancy rate rose 3.9 percent compared to a year ago, and revenue increased by 9.9 percent. P...