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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

Non Essential Staff Evacuated From Red Lodge: Forest Fire Threatens Resort, Only 5% Contained

SAM Magazine--August 1, 2008--All non-essential staff have been evacuated from Red Lodge Ski Area. Mont., in the face of a fast-moving wildfire that is threatening the resort. The Forest Service has approximately 700 firefighters and support staff battling the blaze. But with high winds expected and only 10-percent of the conflagration contained, t...

 HEADLINE NEWS - Ski Area Management

Vail Prevails In Rape Lawsuit

SAM Magazine - Denver, Co., July 31, 2008 - A Denver jury has found Vail Resorts not liable in a lawsuit claiming that the company was negligent in hiring ski instructor David Lorenzen, who was found not guilty of rape last year in a case involving a 17 year old woman who Lorenzen was instructing. The victim claimed she was raped in January 2006...

 HEADLINE NEWS - Ski Area Management

Falwell's Liberty University To Install Dry Ski Slopes

SAM Magazine - Lynchburg, Va., July 31, 2008 - The Christian institution of higher learning founded by Jerry Falwell, Liberty University, has announced plans to install a dry ski slope on the campus. The University is working in conjunction with the English dry slope manufacturer, Snowflex, and the facility will be named the Mountain Snowflex Cente...

 HEADLINE NEWS - Ski Area Management

Kimberly, Fernie Score Direct Air Service From USA

SAM Magazine - Calgary, AB., July 31, 2008 - While the airline industry has been rocked by high fuel prices and consumers tightening their belts when it comes to vacation travel, several Canadian resorts got a bit of good news with the announcement that Delta Air Lines will commence direct jet service from Salt Lake City (SLC) to Canadian Rockies I...

 HEADLINE NEWS - Ski Area Management

Ski/Snowboard Media Sees Wave Of Mergers

SAM Magazine-Boulder, Colo., July 31, 2008-Two mergers have changed the face of snowsports media this week. Storm Mountain Publishing (SMP), the owners of Snowboard and Freeskier Magazines have announced that the company has acquired the assets, including websites and subscribers of recently defunct Future Snowboarding magazine. And, Ski Press has ...

 HEADLINE NEWS - Ski Area Management

Horizon Air to Add Daily Mammoth Flights

SAM Magazine-Mammoth Lakes, Calif., July 23, 2008-Joining the growing number of airlines to offer resort access, Horizon Air will inaugurate daily nonstop flights from Los Angeles to Mammoth Mountain for the 2008/2009 season, starting Dec. 18 and running through Apr. 12. "The addition of commercial air service to Mammoth represents a big step to...

 HEADLINE NEWS - Ski Area Management

Bender to Lead Hidden Valley Renaissance

SAM Magazine-Hidden Valley, Pa., July 23, 2008-Scott Bender has joined the Buncher Resort & Hospitality Group, LLC as vice president of resort operations and will lead the management team at Hidden Valley Four Seasons Resort. Bender was formerly the president and CEO of neighboring Seven Springs Mountain Resort, where he worked for more than 25 yea...

 HEADLINE NEWS - Ski Area Management

Agassi Group Cancels Tamarack Hotel Project

SAM Magazine-Donnelly, Idaho, July 21, 2008-Andre Agassi and Steffi Graf, tennis stars and Tamarack Resort fans, and their investment group have decided against building a proposed Fairmont luxury hotel at the fledgling resort. The group cited Tamarack's uncertain future as the reason for its decision. Originally, the investment group planned to...

 HEADLINE NEWS - Ski Area Management

Vail Resorts Names Derek Koenig Senior VP and Chief Marketing Officer

SAM Magazine-Vail, Colo., July 21, 2008-It's a long way from being a lift op to becoming a senior VP. But Derek Koenig, who spent a year in the early 1990s working as a Beaver Creek lift op, has done just that, having been named VR's new senior vice president and chief marketing officer. Koenig will assume responsibilities for VR's corporate mar...

 HEADLINE NEWS - Ski Area Management

Kirkwood To Install Wind Farm

SAM Magazine - Kirkwood, Ca., July 17, 2008 - Kirkwood ski resort is partnering with its utility provider, Mountain Utilities, to build a 20-turbine wind energy farm for the resort and local residents. "Our goal is for Kirkwood to become the renewable energy leader in the ski resort industry," said Tim Cohee, Chief Marketing Officer of Mountai...

 HEADLINE NEWS - Ski Area Management

Corliss Joins Crested Butte as Mountain Manager

SAM Magazine-Crested Butte, Colo., July 15, 2008-Crested Butte Mountain Resort (CBMR) hired Chris Corliss, formerly mountain manager at Mount Sunapee, N.H., as mountain manager. The resort has been conducting a nationwide search since May to fill several top executive positions in the company, and kept within the ranks of Triple Peaks (owned by Tim...

 HEADLINE NEWS - Ski Area Management

Vail Resorts Stock Falls On Downgrade

SAM Magazine - Vail, Co., July 15, 2008 - Vail Resorts' stock closed $1.23 down on Tuesday after analysts at Bank of America and Thompson Financial downgraded the stock from "buy" to "neutral." The "difficult domestic economic environment" and the threat of softer spending at the top end of the luxury market were cited as concerns. Analysts also ci...

 HEADLINE NEWS - Ski Area Management

The Meeting Returns to Aspen: 4th annual event scheduled for October 2 - 5, 2008

SAM Magazine - Aspen, Co., July 15, 2008 - Four years ago, Aspen hosted the first Meeting. The eclectic cast of filmmakers, media types and professional athletes spent the inaugural sessions charting a course for the future: bigger events, more exposure, and riches for all. While not everyone has gotten rich in the ensuing four years, there's n...

 HEADLINE NEWS - Ski Area Management

Ascutney Partners with Orange Lake Resorts

SAM Magazine-Ascutney, Vt., July 14, 2008-Orange Lake Resorts has acquired 26 villas at Ascutney Mountain Resort and assumed management responsibilities for the condo hotel, fitness center, and food and beverage at the resort. Ascutney remains responsible for mountain operations, marketing, and future resort development. Financial terms of the deal...

 HEADLINE NEWS - Ski Area Management

Udall Pushes Changes To Federal Ski Area Permit Act

SAM Magazine-Boulder, Colo., July 14, 2008-U.S. Rep Mark Udall has developed a draft bill to update the federal 1986 Ski Area Permit Act. The bill would expand the act to recognize winter sports beyond alpine and nordic skiing and include summer recreational activities such as mountain biking and concerts. "My bill would make it clear that activ...