News Search

SAM Headline News

HEADLINE NEWS

FEATURED STORY

  • 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...

    Read More

Get SAM Headline News delivered to your inbox. It's not just another email—it's industry news and special reports that matter to you, coming from the industry's trusted resource. 

GetNewsButton

 

 HEADLINE NEWS - Ski Area Management

Vail Resorts To Invest $210 Million for 2020-21

SAM Magazine—Broomfield, Colo., Dec. 9, 2019—Vail Resorts plans to invest approximately $210 million to $215 million across its portfolio of resorts ahead of the 2020-21 season. The plan includes new chairlifts, terrain expansions, facility expansions and improvements, and technology upgrades. Beaver Creek “We’re excited to share what...

 HEADLINE NEWS - Ski Area Management

Northeast Weather Summit: A Learning Experience

SAM Magazine—Wachusett, Mass., Dec. 10, 2019—The second annual Northeast Weather Summit, held Sunday, Dec. 8 at Wachusett Mountain in central Massachusetts, was the result of a collaboration between the North American Snowsports Journalists Association (NASJA), Wachusett Mountain, Blue Hill Observatory Science Center, and regional meteorologist...

 HEADLINE NEWS - Ski Area Management

Vail Resorts Reports Fiscal 2020 First Quarter and Season Pass Results

SAM Magazine—Broomfield, Colo., Dec. 10, 2019—Vail Resorts reported it expects to sell more than 1.2 million Epic Pass products for the 2019-20 season when it released its quarterly financial report yesterday. Season pass sales through Dec. 2 increased approximately 17 percent in dollars, and 22 percent in units compared to the prior year, incl...

 HEADLINE NEWS - Ski Area Management

Indy Pass Adds Two More Partner Resorts

SAM Magazine— Portland, Ore., Dec. 4, 2019—The Indy Pass continues to grow, adding Black Mountain in New Hampshire and Detroit Mountain in Minnesota for the 2019-20 season. With these additions, Indy Pass now has 46 participating resorts: 16 in the East, 15 in the Midwest, and 15 in the West. "We're excited to be a part of the inaugural season ...

 HEADLINE NEWS - Ski Area Management

POWDR Purchases SilverStar

SAM Magazine—Park City, Utah, Dec. 3, 2019—POWDR has acquired SilverStar Mountain Resort in British Columbia. SilverStar is the first Canadian property in POWDR’s portfolio, which includes 10 other resorts across California, Colorado, Nevada, Oregon, Utah and Vermont, as well Woodward action sports company, heli-ski and river rafting outfitte...

 HEADLINE NEWS - Ski Area Management

Snow People - November 2019

Snow People is our monthly roundup of happenings to the people of and around the mountain resort industry. Send any personnel news to: news@saminfo.com.RICK HERLIHY, WINTER PARK, COLO.Rick Herlihy has transitioned within Alterra Mountain Company from senior revenue manager at Snowshoe Mountain, W.Va., to director of sales at Winter Park, Colo. Herl...

 HEADLINE NEWS - Ski Area Management

Vail Resorts Makes Sweeping Staffing Changes at Former Peak Resorts Properties

SAM Magazine—Natick, Mass., Nov. 21, 2019—Vail Resorts (VR) notified a variety of personnel across the 17 recently acquired former Peak Resorts properties that their employment with the company has an end date. Most will be terminated as of May 1, 2020, with some being asked to stay on longer—into October—to help with the integration. Affec...

 HEADLINE NEWS - Ski Area Management

Resorts Make Pre-Thanksgiving Push to Open

SAM Magazine—Ludlow, Vt., Nov. 21, 2019—Temperatures dropped to record lows across the country last week, allowing resorts in many regions to fire up the snow guns ahead of the Thanksgiving holiday. A steady stream of ski areas in the Northeast and Midwest continue to open, often with top to bottom skiing and riding on multiple trails. Converse...

 HEADLINE NEWS - Ski Area Management

Perfect North Buys Timberline Resort in West Virginia

SAM Magazine—Philadelphia, Nov. 21, 2019—Perfect North Slopes has purchased the land and assets of Timberline Four Seasons Resort in a bankruptcy court auction at the Philadelphia offices of Timberline’s attorneys yesterday. The purchase price was $2.2 million. Members of the Perfect North Slopes management team will be forming a new managem...

 HEADLINE NEWS - Ski Area Management

Jake Burton Carpenter Dies at 65

SAM Magazine—Burlington, Vt., Nov. 21, 2019—Jake Burton Carpenter, the pioneer who popularized snowboarding and helped turn it into a sport, a billion-dollar business and Olympic showpiece, has died at 65.  Carpenter died Wednesday night in Burlington, Vt., from complications related to a return of testicular cancer, which was first diagn...

 HEADLINE NEWS - Ski Area Management

Snowsports Industries America to Acquire BEWI Expos

SAM Magazine—Park City, Utah, Nov. 18, 2019—Snowsports Industries America (SIA) has reached an agreement to acquire the Boston Ski and Snowboard Expo and the Colorado Ski and Snowboard Expo from BEWI Productions, Inc., which has produced the shows for more than 40 years. Terms of the deal have not been disclosed. SIA's Nick Sargent with Be...

 HEADLINE NEWS - Ski Area Management

Summer, Winter Lodging Show Mixed Results in West

SAM Magazine—Denver, Nov. 15, 2019—The six-month summer season, from May through October, finished with lackluster lodging results and the softest aggregated summer occupancy figures in a decade in western mountain destinations. A modest gain of 2.8 percent in the average daily rate (ADR) boosted overall summer revenues despite a 1.2 percent dr...

 HEADLINE NEWS - Ski Area Management

Alterra to Acquire Sugarbush

SAM Magazine—Denver, Nov. 13, 2019—Alterra Mountain Company has entered into an agreement to purchase Sugarbush Resort in Vermont, bringing the company’s portfolio up to 15 resorts throughout North America. Summit Ventures NE LLC, owner of the resort since 2001, agreed to sell the majority of its Sugarbush assets to Alterra. Summit Ventures ...

 HEADLINE NEWS - Ski Area Management

Resort Openings Accelerate Across North America

SAM Magazine—Burlington, Vt., Nov. 11, 2019—For many skiers and riders across North America, the long wait is finally over. Dropping temperatures, aggressive snowmaking, and early-season storms have provided the goods, and more ski resorts across the country are opening for business. Colorado led the way, with several resorts opening by Hallow...

 HEADLINE NEWS - Ski Area Management

New Agreement in Place for Sale of Saddleback

SAM Magazine—Rangeley, Maine, Nov. 8, 2019—The owners of Saddleback, Maine’s third-largest ski area, have reached a new agreement to sell the mountain to Boston investment company Arctaris Impact Fund. The sale is expected to close in mid-December.  The resort went on the market in 2015, when current owners the Berry family determined t...