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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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SAM Magazine—Winhall, Vt., Feb. 21, 2025—Over Presidents' Day weekend, separate wind-related incidents at three ski areas in the Northeast led to temporary lift closures.Stratton Mountain's upper gondola terminal was damaged by high winds on Sunday. At Stratton Mountain Resort in Vermont, high winds on Sunday, Feb. 18, caused significant damag...
SAM Magazine—Wenatchee, Wash., Feb. 20, 2025—Mission Ridge Ski & Board Resort named Matt Neubauer as its new general manager. He succeeds Josh Jorgensen, who led the resort for 13 years. Jorgensen will stay involved in the Mission Ridge Expansion master development project to ensure a smooth transition. “We are thrilled to welcome Matt t...
SAM Magazine—Newry, Maine, Feb. 20, 2025—The paid ski patrollers at Sunday River took steps to unionize on Monday, filing a petition with the National Labor Relations Board to hold a union election. If successful, they would become the first unionized ski patrol in the East. More than 70 percent of the eligible patrollers signed the petition. ...
SAM Magazine—Winter Park, Colo., Feb. 18, 2025—In a notable change from December, Western mountain destinations saw bookings cool down in January, and occupancy and revenue margins shrunk for the 2024-25 ski and snowboard season. The latest DestiMetrics monthly Market Briefing, released last week, cited uneven snowfall, erratic economic news, s...
SAM Magazine—Crested Butte, Colo., Feb. 14, 2025—The unionized lift mechanics at Crested Butte Mountain Resort (CBMR) reached a contract agreement with resort owner Vail Resorts this week, ending a protracted negotiation that began in January 2024 and avoiding a strike, which the 12-member team authorized at the end of January 2025.Credit: Cres...
SAM Magazine—Boston, Feb. 7, 2025—Super Bowl Sunday, once the first Sunday of February and nowadays the second Sunday, takes place smack in the middle of peak season. Conditions are usually (finally!) up to snuff and the sun stays higher in the sky a tiny bit longer, meaning less flat light and more fun runs. And yet, Super Bowl Sunday, despit...
Dinner at The Hermitage Club: Mike Reitzell, NSAA, Bill Bennyan, Hermitage Club and Jon Schaefer, Berkshire East.SAM Magazine—West Dover, Vt., Feb. 7, 2025—It's been a pretty good winter in the East so far, with consistently cold temps allowing for terrific snowmaking conditions and retention of whatever natural snow ski areas have gotten. Whil...
SAM Magazine—Albuquerque, N.M., Feb. 6, 2025—Sandia Peak Ski Area suspended winter operations as of Tuesday, Feb. 4, citing warm temperatures and limited snow. “Our team is actively monitoring the weather and will take every opportunity to resume snowmaking when conditions allow,” stated an update posted to the ski area’s website and soc...
SAM Magazine—Franconia, N.H., Feb. 6, 2025—Yesterday morning, a mechanical failure on the Peabody Express quad forced the evacuation of 64 passengers at Cannon Mountain. At approximately 10:13 a.m., a bolt affixed to the power take-off (PTO) shaft failed on the Peabody Express. Because of the nature of the mechanical issue—the PTO transmits ...
SAM Magazine—Boulder, Colo., Feb. 6, 2025—Outside Interactive Inc., a leading creator of outdoor content and experiences, has acquired travel and hospitality software solutions provider Inntopia from Northstar Travel Group. The acquisition aims to create a comprehensive travel technology platform that will streamline booking and enhance travel ...
SAM Magazine—Mount Snow, Vt., Feb. 4, 2025—Nearly 12,000 total votes were cast for the five competing snowmaking teams during the 14-day voting period of the 2025 I AM a Snowmaker contest. Contest sponsor HKD Snowmakers president Charles Santry revealed this year’s winner in the video below: This year’s competing teams each pr...
SAM Magazine—Park City, Utah, Feb. 4, 2025—Park City-based Pacific Group Resorts Inc., has acquired controlling interest in Powderhorn Mountain Resort just east of Grand Junction, Colo. The acquisition was made through PGRI subsidiary Powderhorn Pacific, LLC, which has operated the resort for the past six years. The Denver-based Gart family wil...
SAM Magazine—Bend, Ore., Feb. 4, 2025—Snowsport festival operator Snowvana will return to Seattle and Portland and debut a new show in Wisconsin in 2025. The events will include thousands of square feet of new and used gear at up to 70 percent off, dozens of regional ski resorts, lift ticket and vacation deals, snowsports vendors, contests, giv...
SAM Magazine—Jackson Hole, Wyo., Feb. 3, 2025—Mary Kate Buckley will retire as CEO of Jackson Hole Mountain Resort on May 31, 2025, after seven years leading the resort. Resort COO Doug Pierini will succeed Buckley on June 1, 2025. Doug Pierini and Mary Kate Buckley “It has been an incredible honor to work with Mary Kate, from her time on ...
SAM Magazine—Bartlett, N.H., Feb. 3, 2025—On Feb. 2, a carrier with one rider aboard detached from the Flying Bear lift at Attitash Mountain. The carrier fell approximately 20 feet. Credit to David Gunzburger Eyewitnesses report that the male passenger was conscious and walking after the fall. He has since been released from the hospital. Th...
