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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—Boise, Idaho, Aug. 30, 2018—Ripe for a no-frills ski/ride/telemark/cat ski ownership opportunity? You’re in luck: Soldier Mountain, Idaho, is up for sale—again. The area could be just the ticket for an enterprising individual or family who wants to run a ski area and earn an income that allows them to enjoy a skiing lifestyle. ...
SAM Magazine—Denver, Aug. 29, 2018—This week’s multi-day reveal of additional resorts included on Alterra Mountain Company’s Ikon Pass continues, with today’s door opening on the four remaining Boyne Resorts ski areas previously not included, and news of expanded access to three others. The Summit at Snoqualmie, Wash., Cypress Mountain, ...
More than 450 ski area and supplier members attended the Midwest Ski Areas Association Summer Meetings and Trade Show, Aug. 19-22, at Boyne Highlands Resort in northern Michigan.MSAA president Amy Reents with two-time Olympic medalist, and Midwesterner, Nick Goepper. Photo: Dave Gibson, Propeller Mediaworks The event was NSAA president Kelly Pawla...
SAM Magazine—Boyne Falls, Mich., Aug. 27, 2018—Three Boyne Resorts executives have been selected to lead operations for the company’s portfolio, based on geography and business specialty. Rick Kelley, previously senior vice president of mountain operations, has been appointed chief operating officer of eastern and Michigan mountain resorts. J...
SAM Magazine—Denver, Aug. 27, 2018—The Ikon Pass has added Solitude Mountain Resort, following Alterra’s closing on this acquisition earlier this month, and added neighboring Brighton Resort as an Ikon partner. This brings Ikon’s five Utah connections—Solitide as a full unlimited access member, and Deer Valley, Alta/Snowbird and Brighton ...
SAM Magazine—Manchester, N.H., Aug. 27, 2018—The Fairbank Group labor audit and subsequent recent publicity appear to indicate a heightened focus on child labor laws. That’s noteworthy, as it coincides with historically tight labor markets nationwide and uncertainty over the status of J-1 and H-2b foreign worker visas in the Trump administrat...
SAM Magazine—Durango, Colo., Aug. 23, 2018—The southwest region’s only mountain coaster is making its debut this Saturday, Aug. 25, at Purgatory Resort, Colo. The Inferno Mountain Coaster, built by Aquatic Development Group, is located in the base area and will be a summer and winter attraction at the resort. The Inferno is 4,000 feet long w...
SAM Magazine—Park City, Utah, Aug. 22, 2018—Following the departure of Gail Barille, the National Ability Center’s (NAC) chief executive officer for the last eight years, former NAC chief operating officer Kevin Stickelman has been appointed by the board of directors as interim CEO. Stickelman joined NAC two years ago as its first COO. Prior...
SAM Magazine—Denver, Aug. 22, 2018—As of July 31, the midpoint of the summer season for western mountain destinations, occupancy growth is slowing slightly, but overall metrics continue to edge upward toward a seventh consecutive record summer, according to Inntopia’s monthly DestiMetrics Market Briefing. The Market Briefing aggregates lodgi...
SAM Magazine—Lakewood, Colo., Aug. 21, 2018—How much access to foreign workers will U.S. resorts have under the J-1 and H-2b programs this winter? According to NSAA’s monthly Capital Watch, hiring conditions could be favorable. Both houses of Congress are preparing legislation that would protect current levels of foreign workers or even expan...
SAM Magazine—Natick, Mass., Aug. 21, 2018—Registration for SAM’s ninth annual Summer Ops Camp—a series of seminars, on-hill workshops, demos, and networking events that explore the current state of mountain resort summer operations—closes Saturday, Aug. 25. A few spots are still available for Camp, Sept. 4-6 at Aspen Snowmass, Colo. Here...
This is the August edition of Snow People, where we highlight happenings to prominent people in the mountain resort industry. Sunday River, Maine Sunday River has made a variety of staff changes, elevating several members of its team to new positions. Jim Largess was promoted to executive director of the Sunday River Community Fund. Largess join...
SAM Magazine—Park City, Utah, Aug. 17, 2018—Deer Valley’s longtime leader and current president and chief operating officer Bob Wheaton will be transitioning into a senior strategic advisory role with the resort’s owner, Alterra Mountain Company. Hospitality Bob Wheatonindustry veteran Todd Shallan will be Wheaton’s successor, working alo...
SAM Magazine—Broomfield, Colo., Aug. 17, 2018—Vail Resorts this week closed on its acquisition of Stevens Pass Resort in Washington from Ski Resort Holdings, LLC, an affiliate of Oz Real Estate. The final purchase price, after adjustments for certain agreed-upon terms, was $64 million. The 2018-19 Epic Pass, Epic Local Pass, Epic Australia Pas...
SAM Magazine—Iron Mountain, Mich., Aug. 15, 2018—An anonymous buyer recently purchased Pine Mountain Ski & Golf Resort in Iron Mountain, Mich., and has already begun making improvements to the year-round resort while business operations continue uninterrupted. The same anonymous buyer also purchased the nearby Four Seasons Resort, a hotel a...
