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 Reassures Locals Regarding Sunapee Takeover

SAM Magazine—Newbury, N. H., July 26, 2018—Vail Resorts representative Pat Campbell spoke to an audience of around 100 people at an information session last night regarding the proposed lease transfer of Mount Sunapee to Vail Resorts. Campbell discussed the benefits the company could provide both the resort and the community, citing Vail’s charitable work, commitment to sustainability, and strong existing roster of resorts.

 HEADLINE NEWS - Ski Area Management

SANY, State Collaborate on New Snow Gun Program

SAM Magazine—Jamesville, N.Y., July 26, 2018—Ski Areas of New York, Inc. (SANY) and the New York State Energy Research and Development Authority (NYSERDA) have collaborated on a new program to help ski areas in the state purchase energy-efficient snowmaking guns. The program will provide up to $5 million for New York ski areas to upgrade and ex...

 HEADLINE NEWS - Ski Area Management

Reeser Named COO of Big Bear

SAM Magazine—Big Bear, Calif., July 26, 2018— Big Bear Mountain Resort (BBMR) has named Wade Reeser as its new chief operations officer. Reeser was raised in Big Bear Valley and has been with BBMR for 25 years. He has served in numerous roles within the company; most recently, he was the resort’s general manager, overseeing BBMR during its integration into the newly formed Alterra Mountain Company. 

 HEADLINE NEWS - Ski Area Management

Snow People- July 18

Snow People is where we highlight recent happenings to prominent people in the mountain resort industry.

Spencer

Jimmie Spencer, Legendary Head of CWSAA, Dies

SAM Magazine—Kelowna, B.C., July 17, 2018—Jimmie Spencer, who led the Canada West Ski Areas Association for 32 years, died July 16 in Vernon, B.C., at age 92. He led CWSAA from 1979 through 2011.“Likely his greatest legacy … will be the generation of leadership and cooperative culture he expected and created between competitors to establish...

 HEADLINE NEWS - Ski Area Management

Summer Visits Remain Strong for Western Destinations

SAM Magazine—Denver, July 17, 2018—June occupancy and revenues continued to climb, keeping summer 2018 on pace to reach record levels in mountain destinations across the West, according to the latest DestiMetrics Market Briefing. Actual occupancy for the month was up a robust 7.9 percent compared to June 2017. Bolstered by a 3.3 percent increas...

 HEADLINE NEWS - Ski Area Management

Record Fourth Quarter for Peak Resorts

SAM Magazine—Wildwood, Mo., July 16, 2018—Peak Resorts reported record revenue of $56 million for its fiscal 2018 fourth quarter ending April 30, a 9 percent increase over the same period last year. Reported EBITDA edged up 4 percent to $21.5 million. For the year as a whole, revenues rose to $131.6 million compared to $123.2 million a year ago...

 HEADLINE NEWS - Ski Area Management

Utah’s Nordic Valley Eyeing Huge Expansion

SAM Magazine—Eden, Utah, July 16, 2018—The operators of Nordic Valley, Mountain Capital Partners (MCP), are floating the idea of a massive expansion that would grow Utah’s smallest ski area from 140 skiable acres to more than 2,800. The proposal for the expansion into the Uinta-Wasatch-Cache National Forest includes a 4.3-mile-long gondola pl...

 HEADLINE NEWS - Ski Area Management

Vermont Settles with Stenger and Quiros, Other Lawsuit Pends, EB-5 Regional Center Ordered to Close

SAM Magazine—Newport, Vt., July 11, 2018—Vermont attorney general T.J. Donovan said in a press conference today that the state has settled its civil lawsuit against former Jay Peak owner Ariel Quiros and former Jay Peak CEO Bill Stenger. The case has been pending since 2016 after the two men were accused of misappropriating millions of dollars ...

 HEADLINE NEWS - Ski Area Management

Summer Ops Camp Adds New Sessions

SAM Magazine—Woodbury, Conn., July 12, 2018—The SAM Summer Ops Camp has added several sessions that reflect the needs of summer ops 2.0, the next evolution of this growing business. Focused on programming, operations, marketing and risk management, these sessions can help winter resorts become more knowledgeable and sophisticated about summer o...

 HEADLINE NEWS - Ski Area Management

Timberline Lodge Purchases Summit Ski Area

SAM Magazine—Government Camp, Ore., July 11, 2018—R.L.K. and Company, operator of Timberline Lodge and Ski Area, has purchased Summit Ski Area in Government Camp, Ore., which is located on Mt. Hood less than six miles from Timberline. Included in the sale is Snow Bunny, a snow play area and parking lot, approximately 1.5 miles east of Governmen...

 HEADLINE NEWS - Ski Area Management

Government Seeking Private Operator or Investment for Marble Mountain

SAM Magazine—Steady Brook, Newfoundland, Canada, July 9, 2018—The Newfoundland and Labrador government, which owns and operates Marble Mountain Ski Resort, has issued a request for proposals (RFP) from potential private investors, operators, or even new owners for the resort. According to reports, Marble Mountain hasn’t turned a profit in yea...

 HEADLINE NEWS - Ski Area Management

Mike Quinn Named VP/GM at Mt. Hood Skibowl

SAM Magazine—Government Camp, Ore., June 25, 2018—Industry veteran Mike Quinn has been hired to lead Mt. Hood Skibowl as its new vice president and general manager. This is a return to Skibowl for Quinn, who served as the resort’s operations manager from 1992 to 2000. He brings 32 years of ski industry experience to his new position. Most re...

 HEADLINE NEWS - Ski Area Management

Lawmakers Question USFS About Arizona Snowbowl Remaining Closed

SAM Magazine—Flagstaff, Ariz., June 25, 2018—The threat of wildfires in the west has prompted the U.S. Forest Service to close access to several areas of public lands, including access to some businesses that operate through permits in public lands. This includes Arizona Snowbowl, which was ordered to close summer operations a few days before M...

 HEADLINE NEWS - Ski Area Management

Ikon Pass Now Includes Thredbo in Australia

SAM Magazine—Denver, June 25, 2018—Alterra Mountain Company is gradually covering all its competitive bases, the most recent being a pass partnership with Thredbo, Australia. This is the first resort outside of North America to be included on the Ikon Pass, and inserts the company into a market that, until now, was only occupied by Vail Resorts...