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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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There’s a lot going on outside the ski industry that sheds light on the course of COVID restrictions and reopenings. Disney, and Florida, are following a metric-driven options, a variation on the scenario planning approach. Hotels are hosting “home” workers to make up for lost business from traditional sources. Austrian resorts are facing civ...
SAM Magazine—Portland, Ore., Sept. 30, 2020—The Indy Pass has added Swain Mountain in western New York to its alliance of independent ski areas, bringing alliance membership to a total of 56 resorts. Swain will offer two days of skiing and riding to Indy Pass holders, with no blackout dates for the 2020-21 season. “We are thrilled to b...
SAM Magazine—Park City, Utah, Sept. 29, 2020—Snowsports Industries America (SIA) is teaming up with SAM for a Town Hall series—held virtually on Zoom—about ski resort planning, preparations, and communication for this winter. The three town halls will focus on how this winter will look in regard to resort operations, capacity, tra...
SAM Magazine—Lakewood, Colo., Sept. 29, 2020—The National Ski Areas Association (NSAA) has released the results of the 2019-20 Climate Challenge. This was the ninth year of the program, in which more than 40 ski areas of varying sizes participated. “To date,” said NSAA, “these resorts have reduced more than 110,000 metric tons of c...
SAM Magazine—Broomfield, Colo., Sept. 25, 2020—Vail Resorts (VR) reported a net income decrease of 67.2 percent, to $98 million, in fiscal year 2020, on total revenues of nearly $2 billion, as COVID-19 shutdowns ended the winter season prematurely and delayed the opening of summer operations.
SAM Magazine—Ludlow, Vt., September 23, 2020—Resorts are implementing a mix of strategies to manage volume this winter, as most look to get lifts spinning in late November. Pre-booking requirements and reservation systems of varying complexity will be the name of the game for many operations, particularly those in drive markets. However, some r...
SAM Magazine—Winter Park, Colo., Sept. 17, 2020—Lodging performance continued to improve during August at western mountain resorts, but the summer season remained historically slow by most measures, according to DestiMetrics in its monthly Market Briefing by Inntopia. The report includes data collected from 18 destinations across Colorado,...
Insights on COVID-19: worldwide effects, local business impacts, adapting to new year-round residents, and setting up resort “schoolrooms.” The Insights Collective examines the week’s pandemic news and data, and describes what it all means for winter resorts. View the report....
SAM Magazine—Natick, Mass., Sept. 16, 2020—In response to the COVID-19 impact on resorts and their leaders, the SAM Summit Series is offering a Resilient Leadership Training bootcamp this fall. Managing teams during the pandemic calls for a new and different set of leadership skills. Resilient Leadership Training will help r...
SAM Magazine—Killington, Vt., Sept. 16, 2020—More resorts are releasing 2020-21 operating plans and opening dates, as operators shift their focus from summer to winter. The range of plans is highly varied, reflecting COVID-19 considerations and the specific circumstances of individual resorts.Killington will open later than usual this season. ...
SAM Magazine—Lebanon, N.H., Sept. 15, 2020—A partnership between Halley O’Brien Productions and SnoCountry, Inc. will bring “The Snow Report-TV presented by SnoCountry," a new branch of The Snow Report brand owned and operated by Halley O’Brien Productions, to nearly 40 major markets, including NBC4 New York and NBC Boston. The sponsored ...
SAM Magazine—Lakewood, Colo., Sept. 15, 2020—The Professional Ski Instructors of America and the American Association of Snowboard Instructors (PSIA-AASI) has released “Navigating the 2020-21 Snowsports Season,” a COVID-era guide for snowsports schools and instructors. The guide positions adaptability as the key focus for lesson providers ...
SAM Magazine—Rangeley, Maine, Sept. 14, 2020—An anonymous donor has made a $100,000 gift to the Saddleback Mountain Foundation to be used to subsidize Saddleback Mountain season passes for every child in Rangeley schools for the next five years. The Laker Pass, named after the Rangeley school nickname of “Lakers,” this year is $329 at full...
SAM Magazine—Denver, Sept. 14, 2020—Alterra Mountain Company said it will prioritize access for season passholders and will require day lift tickets to be purchased in advance online for its 15 resort destinations this winter. In addition, many Ikon Pass partner resorts are not requiring passholders to make a reservation in advance of arrival, ...
SAM Magazine—Lakeshore, Calif., Sept. 10, 2020—Snow may be falling in the Rockies, but wildfires are raging up and down the West Coast. The impacts could be far-reaching for ski resorts touched by the conflagrations. China Peak, Calif., found itself directly threatened by the 167,000-acre-and-growing Creek Fire as it hit the backside of the sk...
