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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

MET LIFE GAINS BITTERROOT RESORT PROPERTY FROM MACLAY

SAM Magazine—Missoula, Mont., Mar. 12, 2013—Tom Maclay, who has long sought to develop a destination resort at Lolo Peak in the Bitterroot Mountains, has lost control of his property to Met Life Agricultural Investments through foreclosure. Missoula County Sheriff Carl Ibsen signed a sheriff’s deed over to Met Life on Feb. 27, ...

 HEADLINE NEWS - Ski Area Management

And the Pass Wars Begin…

SAM Magazine—March 12, 2013—Today several joint pass promotions were released giving skiers and snowboarders more options than ever. First up, The Mountain Collective added three resorts to its 2013/14 offering: Mammoth Mountain, Snowbird and Whistler/Blackcomb. The Collective was created last year when Alta, Aspen/Snowmass, Squaw Valle...

 HEADLINE NEWS - Ski Area Management

LIFT TICKET RE-SELLING WEBSITE SHUTS DOWN

SAM Magazine—Lakewood, Colo., Mar. 12, 2013—SlopeXchange.com, which aimed to help skiers and riders re-sell their day lift tickets in resort parking lots, came to a swift end after NSAA threatened to sue the site. Early this year, slopexchange.com hit the Internet with what its founders thought was a clever idea: help skiers and ride...

 HEADLINE NEWS - Ski Area Management

SAM's Summer Ops Camp Heads East September 2013

SAM Magazine—Bartlett, N.H., Mar. 8, 2013—According to an on-line survey conducted by SAM Magazine, 33% of respondents say that summer opportunities will be the most important factor in the future growth of mountain resorts. To address this growing trend, SAM Magazine will hold its fourth annual Summer Ops Camp at Attitash, N.H., S...

 HEADLINE NEWS - Ski Area Management

GREEK PEAK AUCTION SET FOR MARCH 19

SAM Magazine—Virgil, N.Y., Mar. 8, 2013—Greek Peak is scheduled to be sold at auction in Syracuse, N.Y., on Mar. 19, either in its entirety or in various lots. The resort includes the winter resort as well as a year-round adventure center, hotel and indoor waterpark. Bidders have until Mar. 14 to submit initial offers. Judge Margaret...

 HEADLINE NEWS - Ski Area Management

SNOWSPORTS RETAIL SALES JUMP IN JANUARY

SAM Magazine—McLean, Va., Mar. 7, 2013—Snowfall over the December holidays and into January helped raise snowsport retail sales 7 percent in January 2013 compared to January 2012. The latest data come from the SIA RetailTRAK, compiled by the Leisure Trends Group. Customers spent $550 million at snowsports retail shops in January. ...

 HEADLINE NEWS - Ski Area Management

Vail Resorts Announces 2Q Results and Midwest Improvements

SAM Magazine--March 7, 2013--Vail Resorts, Inc. announced its second quarter results of fiscal 2013 ended January 31, 2013. Total net revenue of the mountain, lodging and real estate categories was $422.5 million compared to $373.3 million during the same period last year while total operating expenses went from $255.1 million in 2012 to $282.5 mil...

 HEADLINE NEWS - Ski Area Management

Norovirus Investigated at Sunrise Park

SAM Magazine--March 5, 2013--According to published reports, Sunrise Park Resort in Arizona is being investigated for the Norovirus, a very contagious virus. The area has been cooperating with federal, state, county and tribal agencies (the area is owned by the White Mountain Apache Tribe) after several customers became ill after visiting over the ...

 HEADLINE NEWS - Ski Area Management

IT€'S OFFICIAL: BANK OWNS SNA– MOUNTAIN

SAM Magazine—Scranton, Pa., Mar. 1, 2013—Snö Mountain’s biggest creditor, National Penn Bank, was high bidder at a bankruptcy auction today in Philadelphia. The bank outbid an investment group that has also invested in the resort. DFM Realty, an affiliate of National Penn Bank, Boyertown, bid $4.6 million, said trustee Gar...

 HEADLINE NEWS - Ski Area Management

PATS PEAK TO ADD LIFT, TRAILS THIS SUMMER

SAM Magazine—Henniker, N.H., Mar. 1, 2013—Pats Peak Ski will launch Operation Cascade Basin this summer, a planned expansion that will add a new triple chairlift and 20-plus acres of new terrain encompassing up to six new trails and glades over the next three years. This summer Pats will install the high-capacity triple chairlift and...

 HEADLINE NEWS - Ski Area Management

BLUE MOUNTAIN (PA) TO BUILD WATER PARK

SAM Magazine—Palmerton, Pa., Mar. 1, 2013—Blue Mountain Ski Area and Resort will start construction on a $20 million water park project this spring, with opening projected for May 2015. The outdoor park, called Summit Splash, will include a wave pool, water slides and a lazy river. The themes for the various activities will reflect t...

 HEADLINE NEWS - Ski Area Management

Pirates Riglet Park Opens at Seven Springs

In our latest installment of the SAM CAM, SAM Magazine visited Seven Springs Mountain Resort, Pa., for the opening of their new Pirates Riglet Park. The park, Burton's 27th Riglet park installation, is designed to introduce children between the ages of 3 and 6 to snowboarding in a mountain-like environment on a flat surface that allows quicker ...

 HEADLINE NEWS - Ski Area Management

WINDHAM TO ADD COUNTRY CLUB TO SUMMER OPERATIONS

SAM Magazine—Windham, N.Y., Feb. 26, 2013—Windham Mountain Resort has entered into a memorandum of understanding with Windham Country Club to make the club part of the resort. A majority of the club’s shareholders have approved the sale to Windham Mountain Partners, the ownership group behind Windham Mountain. Windham has been ...

 HEADLINE NEWS - Ski Area Management

SNO MOUNTAIN AUCTION COULD CONCLUDE THIS WEEK

SAM Magazine—Scranton, Pa., Feb. 26, 2013—Auction bids for Sno Mountain are due Thursday in Philadelphia, with several bidders said to remain interested in the facility. If a substantial bid is received, a sale could be completed at a Mar. 6 Bankruptcy Court hearing. Sno Mountain's investors—including some in the ownership ...

 HEADLINE NEWS - Ski Area Management

SILVER MOUNTAIN MODIFIES AUCTION, EXTENDS DEADLINE

SAM Magazine—Kellogg, Idaho, Feb. 26, 2013—Silver Mountain Resort in Kellogg has extended an online auction deadline in hopes of receiving additional qualified bidders. An original January deadline to sell parts of the resort, ski area, golf course and other properties was canceled and the deadline extended to March 19. Terms of the ...