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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

Cutter's Camp Opens Registration for East, West Locations

SAM Magazine-Woodbury, Conn., Jan. 18, 2013--Cutter's Camp has opened registration for both of this year's sessions, at Mount Snow, Vt., April 1-3, and Timberline, Mt. Hood, Ore., May 13-17. Space will be filled on a first-come, first-served basis. Registration is processed on SAM's website at www.cutterscamp.com.

 HEADLINE NEWS - Ski Area Management

PARRY TO JOIN POWDR ENTERPRISES

SAM Magazine—Park City, Utah, Jan. 17, 2013—Powdr Corp. is building out its new Powdr Enterprises staff quickly: Park City marketing director Krista Parry will become senior vice president and chief innovation officer when Enterprises launches this coming spring. Powdr Enterprises will focus on events, sponsorships and media opportun...

 HEADLINE NEWS - Ski Area Management

Vail Resorts’ Status YTD: Some Good, Some Bad

SAM Magazine—Broomfield, Colo., Jan. 16, 2013—Vail Resorts has reported the early-season performance of its seven destination resorts, and the news reflects the up-and-down season endured by its Colorado contingent. Overall, though, VR shows a slight uptick from last year, and projects net revenues to double from last year’s reduc...

 HEADLINE NEWS - Ski Area Management

WESTERN DESTINATION VISITS DIPPED IN DECEMBER

SAM Magazine—Denver, Jan. 16, 2013—Mid- to late-December snowstorms fueled a partial rebound in occupancy during the month, and boosted advance reservations for the remainder of the season, according to the Mountain Travel Research Program (MTRiP). Despite the snow, lodging properties in the 16 participating mountain resorts in Colorado...

 HEADLINE NEWS - Ski Area Management

POWDR CORP LAUNCHES NEW EVENT/MEDIA BUSINESS

SAM Magazine—Park City, Utah, Jan. 15, 2013)—Powdr Corp. has created a new business, Powdr Enterprises, to focus on events, sponsorships and media opportunities. The aim is to help leverage the Powdr family of brands, including Powdr Resorts, Woodward Camps and Outside Television. Industry veteran Wade Martin will serve as president of ...

 HEADLINE NEWS - Ski Area Management

Ski Area in Maine Reopens After Three Years

SAM Magazine--January 11, 2013--Squaw Mountain, Maine, is hoping to reopen over the Martin Luther King weekend after two years of being closed. The small ski area boasted an impressive 1,700-foot vertical when its summit lift was in operation, but an accident in 2004 that injured four skiers put the lift out of action and it has not operated since....

 HEADLINE NEWS - Ski Area Management

SNOW SPORTS RETAIL SALES SLID IN NOVEMBER

SAM Magazine—McLean, Va., Jan. 10, 2013—November 2012 was another difficult month for snow sports retailers, with double-digit declines in dollars sold compared to sales in November 2011, according to the SIA RetailTRAK. Specialty-store sales in the Midwest declined the least, about 9 percent; in the West, sales were off 27 percent from...

 HEADLINE NEWS - Ski Area Management

Alyeska's Tram Down for Repair

SAM Magazine--Girdwood, Alaska, January 10, 2013--On New Year's Eve, a powerful wind gust hit Alyeska's tram just as it was passing a tower, causing a collision. Thankfully, there were no major injuries. As a result, however, extensive repairs are required making the tram inoperable for several weeks. On top of the collision, unstable sn...

 HEADLINE NEWS - Ski Area Management

HOMEWOOD EXPANSION PLAN TO GET FURTHER REVIEW

SAM Magazine—Homewood, Calif., Jan. 8, 2013—Homewood Mountain Resort’s expansion plan has been put on hold temporarily. U.S. District Judge William B. Shubb ruled that Placer County and the Tahoe Regional Planning Agency approved the Homewood plan without considering whether a smaller (and less environmentally impactful) project w...

 HEADLINE NEWS - Ski Area Management

JACKSON HOLE BOOKS RECORD DECEMBER, HOLIDAY

SAM Magazine—Teton Village, Wyo., Jan. 7, 2013—Jackson Hole Mountain Resort (JHMR) recorded above-average snowfall and unprecedented business levels for December and the holidays. The snowfall fueled record skier day numbers for the month of December and the best-ever holiday period for the Mountain Sports School, where business was dri...

 HEADLINE NEWS - Ski Area Management

SNOWMASS PATROLLER TRIGGERED FATAL AVALANCHE

SAM Magazine—Aspen, Colo., Jan. 7, 2013—Snowmass ski patroller Patsy Hileman, 49, triggered the avalanche that killed her Dec. 30 at Snowmass, in the same area where the ski patrol had performed control work three days before the accident, according to a report from the Colorado Avalanche Information Center. Ski patrol had used explo...

 HEADLINE NEWS - Ski Area Management

Sunburst Sold

SAM Magazine--January 2, 2013--Jim and Kim Engle, owners of Sunburst in Wisconsin, announced an agreement to sell their resort to Rob and Jennifer Friedl, who, according to the Engles, will "continue to focus on families and to take Sunburst to a new level, even better than what we know now." The Engles plan to help with the transition...

 HEADLINE NEWS - Ski Area Management

Brian Head Gets New Owners

SAM Magazine--December 26, 2012--Brian Head Resort in southern Utah, announced that as of December 20, the area is under new ownership. The resort was purchased for an undisclosed amount out of receivership from Zion's First National Bank. The new owners are Brian Head Acquisition Partners, LLC, formed out of two groups, one from California and...

 HEADLINE NEWS - Ski Area Management

SKI AREAS WIN WATER FIGHT WITH FOREST SERVICE

SAM Magazine—Lakewood, Colo., Dec. 19, 2012—A federal district court in Colorado has struck down a U.S. Forest Service water policy that would have required resorts to transfer ownership of valuable water rights to the U.S. government without compensation. “Given how critical and valuable water is to ski area operations, we are...

 HEADLINE NEWS - Ski Area Management

SAM, SIA HOST RESORTS AT DENVER SNOW SHOW

SAM Magazine—Denver, Colo., Dec. 19, 2012—The Rental World, Backshop, and Uniform Gallery exhibits presented by SIA and SAM Magazine, along with a series of seminars and breakfast meetings, promise to give resort rental operators plenty to think about and see at the annual SIA Snow Show in Denver Jan. 31-Feb. 3. Rental World/Backshop...