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 - Heber, Utah, October 14, 2008 - Deer Valley ski resort has teamed up with Utah Valley University's Heber campus to offer a ski instructor training course. The course will include six hour-and-a-half classroom sessions at the UVU Heber campus and two full days of on-mountain training. The sessions will be lead by Deer Valley Resort D...
SAM Magazine - Boulder, Colo., Oct. 14, 2008-Arapahoe Basin and Loveland have agreed to a truce in the first-to-open war this year, as both will drop the ropes at 8:30 a.m. on Oct. 15. Over the past several years Arapahoe Basin and Loveland have jousted to win "first to open" honors in a competition that's been spirited and intense. For many yea...
SAM Magazine-Vancouver, B.C., Oct. 14, 2008-Intrawest and The Coca-Cola Company have entered into a new multi-year strategic partnership to expand upon their existing relationship. Coca-Cola remains the official beverage providers (Coke, Diet Coke, Coke Zero and Sprite, Minute Maid juices, Evian and Dasani waters, glacéau enhanced waters and Odw...
SAM Magazine-Arapahoe Basin, Colo., Oct. 13, 2008-Arapahoe Basin will open Oct. 15, 2008, joining Timberline, Ore., which currently offers glacier skiing from Friday to Sunday 8 a.m. to 2 p.m. as part of that ski area's "autumn" season, as one of two American ski areas open to the public. Arapahoe will have machine-made snow on one intermediate...
SAM Magazine-Big Sky, Mt., October 12, 2008-Boyne Resorts' recent financing agreement with CNL Lifestyle Properties (see earlier report) could lead to the sale of Montana's Big Sky ski and snowboard resort to CNL for $74 million during the next two years. According to documents filed with the U.S. Securities and Exchange Commission (SEC) last w...
SAM Magazine - Squaw Valley, Calif., October 13, 2008 - Skiers and snowboarders at Squaw won't have to fumble for lift tickets or passes this winter. For the 2008 - 2009 season, the resort will implement a new ticketing system from Axess. The AX500 Smart Gates and Smart Card allow guests to access lifts more efficiently and quickly by automatically...
SAM Magazine-Ray Brook, NY., Oct. 10, 2008-Plans to link New Yorks's Gore Mountain Ski Center with nearby North Creek Ski Bowl were given the nod by the Adirondack Park Agency Agency at its October meeting today. The Agency confirmed that ski trails proposed for the link comply with State Land Master Plan requirements. The interconnect plan cal...
SAM Magazine-Vail, Colo., Oct. 10, 2008-Vail Resorts stock price is tumbling along with the market. The stock lost more than 10 percent of its value on Thursday, dropping $2.90, and closing at $24.07. That came on the heels of a bad Wednesday for the company, when the stock tumbled $2.28. Nearly a month ago, in mid-September, the stock traded as hi...
SAM Magazine-Wrightwood, Calif., Oct. 10, 2008-Mountain High has doubled the ski area's investment in its Faultline terrain park offerings for 2009. The investment will result in a wide range of new features including a massive 20' x 20' wallride. In addition, two new park-specific Prinoth grooming machines costing more than $800,000 have been adde...
SAM Magazine-Lakewood, Colo., Oct. 9, 2008-A special NSAA report prepared by RRC Associates concludes that snowfall will be a greater indicator of visits this coming season than the economy. The report is based on an analysis of visits, snowfall, economic conditions, and consumer confidence over the past 30 years. RRC outlines two different scen...
SAM Magazine-Lake Wanaka, NZ., Oct. 9, 2008-As North American resorts gear up for winter, the ski and ride season in the Southern Hemisphere is drawing to a close. And it was a good year for the four resorts at Lake Wanaka-Treble Cone, Snow Park NZ, Cardrona Alpine Resort and Snow Farm. All are reporting strong visitor numbers and great snow condit...
SAM Magazine -Lake Louise, Alberta, Oct. 9, 2008-The International Ski Federation (FIS) World Cup Committee has approved a tentative schedule that includes hosting races at Lake Louise for the next four years. Lake Louise was also the first resort outside of Europe to be named to the prestigious Club 5+, an organization that brings together 13 o...
SAM Magazine-Salt Lake City, Oct. 8, 2008-Ski Utah is launching a new online job board, SkiUtahJobs.com to help the state's ski and snowboard resorts fill jobs this winter. Postings include those for seasonal help to work the lifts, restaurant, hotels, and other facilities as well as year-round employment opportunities. Employers will be able to po...
SAM Magazine-Big Sky, Mont., Oct. 8, 2008-CNL Lifestyle Properties, Inc. is providing capital to Boyne Resorts to, in large part, refinance some credit facilities Boyne had at the corporate level. The agreement includes an option to purchase Big Sky resort within the next two years, where Boyne expects to invest some of its capital. CNL already own...
SAM Magazine (SnowHunter) - October 6 --Perisher Blue in Australia finishes its 2008 winter this weekend. The resort was able to offer excellent riding conditions across its four resort areas for the majority of the southern hemisphere's 2008 season. Despite a slow start for snowfalls, the resort managed to open its first lifts on Saturday, 7 June...
