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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

Outside Online Article Questions Aging Lift Infrastructure

SAM Magazine—Denver, Oct. 6, 2016—In the aftermath of a chairlift incident in West Virginia last February, Outside Magazine’s website has cast a skeptical eye on the lift infrastructure at ski resorts in the U.S. The story, published Oct. 4, puts a spotlight on the age of currently operating lifts and questions their safety, even as it acknowledges that “mechanical lift failures remain exceedingly rare in the United States.”

 HEADLINE NEWS - Ski Area Management

YouTube Star Buys Pebble Creek Ski Area

SAM Magazine—Inkom, Idaho, Oct. 4, 2016—Nobody ever said you have to have ski resort operations experience to own a ski area. The latest example of that is Shay Butler, whopebblecreek emailsize is acquiring Pebble Creek Ski Area in Idaho. Butler is the man behind the popular YouTube channel called “Shaytards,” which has nearly five million subscribers.

 HEADLINE NEWS - Ski Area Management

Vail Resorts Hit New Highs in Fiscal 2016

SAM Magazine—Broomfield, Colo., Oct. 3, 2016—Vail Resorts, Inc. has reported net income of $149.8 million for fiscal 2016, an increase of 30.5 percent compared to fiscal 2015, and EBITDA of $452.6 vail resorts logo emailsizemillion, an increase of 29.5 percent. VR expects an even better year in fiscal 2017, as its guidance range is for EBITDA of $480 million and $510 million, excluding results from Whistler Blackcomb. VR revealed its purchase of WB in August.

 HEADLINE NEWS - Ski Area Management

Mt. Abram Expands Terrain, Snowmaking

SAM Magazine—Greenwood, Maine, Oct. 3, 2016—Mt. Abram in western Maine will open six new trails this winter, and each trail will be covered with snowmaking. The new terrain consists of two expert trails,mt abram emailsize two terrain parks, one race trail, and a short connector trail.

 HEADLINE NEWS - Ski Area Management

SIA Office Opens in Park City, Adds New Staff

SAM Magazine—Park City, Utah, Oct. 3, 2016—SnowSports Industries America (SIA) has made some big moves as of late—both physically and organizationally. The move from its office outside WashingtonSIAlogo emailsize D.C. to its new home in Park City is complete, and the non-profit trade association recently added four new staff members.

 HEADLINE NEWS - Ski Area Management

Zell am See in Austria Re-Opens Old Terrain With New Gondola

SAM Magazine—Salzburgerland, Austria, Oct. 3, 2016—Zell am See in Austria’s Salzburgerland has built a new lift that will allow it to re-open terrain not used for more than three decades. The lift, the first zellamseexpress emailsizestage in a two-year plan to (re)connect Zell am See to the Saalbach- Hinterglemm-Fieberbrunn, will make Zell am See part of one of Austria’s largest ski areas.

 HEADLINE NEWS - Ski Area Management

PSAA First-Time Ski/Snowboard Program Returns for 2016-17

SAM Magazine—White Haven, Pa., Sept. 29, 2016—Nearly 20 member ski areas are again participating in the Pennsylvania Ski Areas Association First-Time Ski and Snowboard Program, which offers PSAA emailsize$49 advance-purchase learn-to packages valid any day—including weekends and holidays—during the 2016-17 season. The package includes a beginner lift ticket, beginner group lesson, and rental equipment.

 HEADLINE NEWS - Ski Area Management

Special Report: Jay Peak Forges Ahead

Since April, the news about Vermont’s Jay Peak has been heavily focused on the alleged indiscretions of its two former principals and the ensuing legal situationSteve Wright emailsize. What many headline-readers may not realize is that Jay has been operating daily—and business is strong.

 HEADLINE NEWS - Ski Area Management

Hesperus Ski Area Acquired by James Coleman

SAM Magazine—Durango, Colo., Sept. 23, 2016—The investment group led by James Coleman has acquired Hesperus Ski Area, a small, family-oriented hill located 11 miles hesperus emailsizeoutside of Coleman’s hometown of Durango. Hesperus is the fifth ski area in the group’s portfolio, which also includes Purgatory Resort, Colo., Arizona Snowbowl, Ariz., Sipapu Ski & Summer Resort, N.M., and Pajarito Mountain, N.M.

 HEADLINE NEWS - Ski Area Management

SAM Summer Ops Camp 2016

More than 160 summer operations managers, vendors, and schemers gathered at the Canyons Grand Summit in Park City, Utah, to explore the state of the art in summer activities at SAM’s Summer Ops Camp, Sept. 14-16.

 HEADLINE NEWS - Ski Area Management

Joint Venture to Acquire, Complete Snowmass Base Village

SAM Magazine—Snowmass, Colo., Sept. 21, 2016—After several years of uncertainty, the dormant Base Village project at Snowmass is being acquired from Related Companies by a joint venture that includes an affiliate of KSL snowmassvillage emailsizeCapital Partners, LLC, East West Partners, and Aspen Skiing Company. The partnership expects to close on the transaction by the end of 2016.

 HEADLINE NEWS - Ski Area Management

Snow People - September 2016

Welcome to the September edition of Snow People, where we highlight happenings to prominent ski industry and supplier personnel. 

 HEADLINE NEWS - Ski Area Management

West Sees Record Summer Mountain Lodging

SAM Magazine—Denver, Sept. 19, 2016—Summer business continues its record pace at several western destination mountain lodging properties, according to a recent DestiMetrics report. As of Aug. destimetricsAug Telluride emailsize31, aggregated occupancy for the six-month summer period from May through October was up 7.3 percent and revenues showed a stellar 14.7 percent increase compared to the same time last year.

 HEADLINE NEWS - Ski Area Management

New England Summit 2016

You can tell that winter is right around the corner when ski industry operators and suppliers gather at the annual New England Summit. This year’s event attracted nearly 420 ski industry personnel, exhibitors, and speakers at Sunday River in Newry, Maine, Sept. 13-15.

 HEADLINE NEWS - Ski Area Management

Windham Mountain CEO Randy MacDonald, Dead at 67

Randy MacDonald, managing partner at Windham Mountain Resort, N.Y., died last Friday after a long battle with cancer. Mentor, visionary, leader, loving husband, devoted mcdonald j randall emailsizefather and grandfather, Randy leaves behind a rich legacy.