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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

I AM A Snowmaker Voting Begins Today

SAM Magazine—Natick, Mass., Jan. 9, 2020—The online voting for the HKD and SAM “I AM a Snowmaker” contest is now open, and continues through midnight (EST) on Tuesday, Jan. 21. Started in the winter of 2013-14, the annual I AM contest highlights the hard work, determination, and camaraderie of snowmakers, and recognizes how critical they ar...

 HEADLINE NEWS - Ski Area Management

Business Report: Two-Week Holiday Period Mitigated Weather Challenges

By LINDA GOODSPEED SAM Magazine—Rutland, Vt., Jan. 7, 2020—Santa brought a mixed bag to North American ski resorts this holiday season, according to a spot survey conducted by SAM. The period included two Wednesday holidays, which stretched out the usual week-long Christmas/New Year’s holiday period into two solid weeks of business. The exce...

 HEADLINE NEWS - Ski Area Management

Australia’s Selwyn Snow Resort Damaged, Others Threatened By Bushfires

SAM Magazine—New South Wales, Australia, Jan. 7, 2020—Most of Australia’s ski resorts are threatened by the unprecedented bushfires that continue to ravage much of the country’s natural splendor. One historic ski hill—Selwyn Snow Resort located in the Snowy Mountain region of New South Wales—was directly in the path of the flames, with ...

 HEADLINE NEWS - Ski Area Management

Northland, Owner of Revelstoke, to Purchase Grouse Mountain Resort

SAM Magazine—North Vancouver, B.C., Jan. 3, 2020—Northland Properties Corporation has entered an agreement to acquire Grouse Mountain Resort from CM Asset Management. CM has only owned Grouse Mountain since summer of 2017, when it purchased the resort from the McLaughlin family, who owned it for 40 years. Northland is the largest privately-hel...

 HEADLINE NEWS - Ski Area Management

Indy Pass Adds Mt. Abram, Maine

SAM Magazine—Greenwood, Maine, Dec. 31, 2019—Mt. Abram in Greenwood, Maine, has joined the Indy Pass for the 2019-20 season. The resort is the first Indy Pass member in the state, and will offer two unrestricted free days of access. This raises the number of participating Indy Pass areas to 47. The pass price rises from $219 to $239 on Jan. 1.&...

 HEADLINE NEWS - Ski Area Management

Snow People - December 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. SAMMIE LUKASKIEWICZ, CRYSTAL MOUNTAIN, MICH. Longtime communications professional Sammie Lukaskiewicz has joined Crystal Mountain as public relations director. Since 2017, Lukaskiewicz had been w...

 HEADLINE NEWS - Ski Area Management

Western Lodging Trend Continues: Rate Up, Occupancy Down

SAM Magazine—Denver, Dec. 18, 2019—If lodging trends are any indication, the winter destination market is peaking as travelers balk at high prices. At 18 western mountain destinations spread over six states, a decline in occupancy and softening of daily rates are continuing a trend that has emerged over the past year. The most recent analysis r...

 HEADLINE NEWS - Ski Area Management

Meier Family Becomes Sole Owner of Greek Peak and Toggenburg

SAM Magazine—Virgil, N.Y., Dec. 17, 2019—John and Christine Meier have become the sole owners of Greek Peak Mountain Resort and Toggenburg Mountain in central New York. They acquired business partner Marc Stemerman’s 50 percent interest in the operations this November. The terms of the buyout have not been disclosed.John and Christine Meier ...

 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...