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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

Insights on How Reopenings are Expanding as COVID Numbers Shrink

The Insights Collective reports that as reported COVID cases are decreasing, resorts from Florida to Colorado are expanding their reopenings—even as staff cases turn up. Resort-town hotels are pursuing "mixed-use" options, such as work-from-hotel packages for those who don't care to work from home, to fill rooms and raise revenue. States and town...

 HEADLINE NEWS - Ski Area Management

NSAA Introduces “Ski Well, Be Well” Winter Operating Guidance

SAM Magazine—Lakewood, Colo., Aug. 27, 2020—The National Ski Areas Association (NSAA), with the help of industry leaders and associations, has developed “Ski Well, Be Well”—a foundational set of best practices for winter operations that is designed to help advocate to local officials for reopening, and to set the foundation for ski area o...

 HEADLINE NEWS - Ski Area Management

Vail Resorts Unveils Winter Operating Plans

SAM Magazine—Broomfield, Colo., Aug. 27, 2020—Vail Resorts has released answers to the biggest question looming over the mountain resort industry as of late: “What’s the plan for this winter?” A letter from Vail Resorts CEO Rob Katz details universal plans for all 34 of the company’s North American resorts. Katz said the goal is to des...

 HEADLINE NEWS - Ski Area Management

Big Snow American Dream to Reopen Sept. 1

SAM Magazine—East Rutherford, N.J., Aug. 26, 2020—Big SNOW American Dream, North America’s first indoor, real-snow ski and snowboard center, will resume operations on Sept. 1 in accordance with current state guidelines under today’s Executive Order. As an indoor recreational facility, Big SNOW will be implementing several updated COVID-19 s...

 HEADLINE NEWS - Ski Area Management

Squaw Valley Commits to Name Change

SAM Magazine—Olympic Valley, Calif., Aug. 25, 2020—Squaw Valley Alpine Meadows has committed to removing “squaw” from its resort name. “Having our name be associated with pain and dehumanization is contrary to our goal of making the outdoors a welcoming space for all people,” said resort president and COO Ron Cohen in an email to patron...

 HEADLINE NEWS - Ski Area Management

Katz, Amsterdam Award $1.5 Million to Youth Organizations

SAM Magazine—Broomfield, Colo., Aug. 25, 2020—Fourteen nonprofit youth organizations will receive grants ranging from $15,000 to $200,000 from the Katz Amsterdam Charitable Trust—founded by Vail Resorts CEO Rob Katz and his wife Elana Amsterdam—and Vail Resorts. The total donation is $1.5 million.  According to Vail Resorts, “Each o...

 HEADLINE NEWS - Ski Area Management

Business Influences: Political Polarization, Booking Trends, Uncertain Economics

SAM Magazine—Jacksonville, Fla., Aug. 21, 2020—The latest briefing from Insights Collective shares a new study that found political polarization has heightened as we head into November. Most resorts and destinations have been politically agnostic—however, visitors are not. The briefing also points to economic indicators showing mixed signals ...

 HEADLINE NEWS - Ski Area Management

Nordic Valley Expands Terrain, Installs Six-Pack

SAM Magazine—Eden, Utah, Aug. 21, 2020—Nordic Valley Ski Resort has unveiled a major capital improvement project that includes the area's first high-speed chairlift and the largest terrain expansion project in resort history. Both are slated to open during the upcoming winter. High speed six pack top terminal construction Earlier this sum...

 HEADLINE NEWS - Ski Area Management

FIS Alpine World Cup Will Skip North America in 2020-21

SAM Magazine—August 20, 2020—The FIS Audi Alpine World Cup tour will not travel to North America in the 2020-21 season due to COVID-19 complications. Early season men’s and women’s races at Killington, Vt., Lake Louise, AB, and Vail/Beaver Creek, Colo., have all been cancelled.  “The North American races are always a very special tw...

 HEADLINE NEWS - Ski Area Management

MSAA Summer Show Goes Virtual

SAM Magazine—Hastings, Minn., Aug. 19, 2020—In lieu of its traditional summer meeting and tradeshow, the Midwest Ski Areas Association (MSAA) hosted members at a new virtual event, MSAA Summer Connect, held Aug. 17 and 18. COVID-19 was the common theme across the four one-hour-long Zoom sessions. MSAA members heard from the National Ski Areas ...

 HEADLINE NEWS - Ski Area Management

Guests Start Returning to Western Mountain Destinations

SAM Magazine—Winter Park, Colo., Aug. 19, 2020—At the midpoint of the summer, occupancy and revenues at western mountain destinations continue to be dramatically lower than last summer, according to the latest DestiMetrics monthly Market Briefing by Inntopia. However, the month of July saw pent-up demand bring a return of some overnight stays.V...

 HEADLINE NEWS - Ski Area Management

Win Smith Retiring from Sugarbush, John Hammond Named Successor

SAM Magazine—Warren, Vt., August 13, 2020—Sugarbush Resort president and COO Win Smith is retiring from his post. John Hammond, Sugarbush vice president of mountain operations and recreational services, has been named as Smith’s successor, effective Sept. 1. Smith will stay on as a senior adviser to the current leadership team. Win Smith...

 HEADLINE NEWS - Ski Area Management

Jensen Steps Down in Telluride

SAM Magazine—Telluride, Colo., Aug. 13, 2020—Bill Jensen has stepped down from his position as CEO of Telluride Ski & Golf Resort, effective Aug. 7. Jensen had joined Telluride as CEO and partner in December 2015.  In a prepared statement, Chuck Horning, the majority owner of Telski, said, “Given the current situation, man...

 HEADLINE NEWS - Ski Area Management

New Rental Restrictions, Flights Less Risky Than Expected, and Help for Hotels

SAM Magazine—Jacksonville, Fla., Aug. 12, 2020—A new study shows that the odds of catching COVID-19 on a flight are less than most travelers think. House leaders in Congress are open to including some relief for the hotel industry in any stimulus deal. Massive Airbnb house parties in New Jersey have led to more restrictions on rentals. Why th...

 HEADLINE NEWS - Ski Area Management

Reams Resign from Spirit Mountain, Area’s Future in Question

SAM Magazine— Duluth, Minn., Aug. 12, 2020—Spirit Mountain executive director Brandy Ream and her husband, general manager Jody Ream, have both resigned their positions and will be leaving at the end of August. Spirit Mountain is an authority of the City of Duluth, Minn., and the resignations come just ahead of the first meeting of a newly est...