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...
SAM Magazine—Londonderry, Vt., Aug. 16, 2016—Magic Mountain, a classic New England ski area that has stuck to its roots—both out of preference and financial limitations—appears to finally have stable ownership taking the reigns.
The August edition of our monthly highlight of happenings to prominent people and suppliers in the mountain resort industry.
SAM Magazine—Telluride, Colo., and Revelstoke, B.C., Canada, Aug. 9, 2016—The collection of destinations accessible via The Mountain Collective just grew to 14,
for now, with the addition of Telluride, Colo., and Revelstoke, British Columbia.
SAM Magazine—Denver, Aug. 8, 2016—After filing for bankruptcy in February, Echo Mountain owner Nora Pykkonen appears to have found a buyer for the small ski area just outside of Denver.
SAM Magazine—Broomfield, Colo., Aug. 8, 2016—In revealing its plan to acquire Whistler Blackcomb (see separate report), Vail Resorts (VR) outlined some initial intentions:
SAM Magazine—Broomfield, Colo., and Whistler, British Columbia, Aug. 8, 2016—Vail Resorts (VR) is purchasing Whistler Blackcomb, the largest ski resort in North America. In what the company calls a “strategic business
combination,” VR will acquire 100 percent of Whistler Blackcomb stock in a cash and stock deal worth a total of about USD$1.056 billion. The transaction is expected to close in fall of 2016.
SAM Magazine—Telluride, Colo., July 28, 2016— Commercial air service to Telluride Airport will resume Dec. 17 following a two-year hiatus, now that Colorado Flights has completed a deal with Great Lakes Airlines to reinstate its service from Denver.
SAM Magazine—Olympic Valley, Calif., July 21, 2016—Industry veteran Casey Blann will be taking the reigns as vice president of mountain operations for Alpine Meadows, as well
as overseeing risk management and loss prevention for both Alpine and Squaw Valley.
SAM Magazine—Park City, Utah, July 21, 2016—Vail Resorts abandoned its effort to trademark the name “Park City” on July 16 in the face of opposition from a long line of critics.
SAM Magazine—Newry, Maine, July 20, 2016—Investigators think they may have discovered why the upper terminal of the Spruce Peak Triple seemed to uproot from the ground at Sunday River on July 10.
SAM Magazine—Taos, N.M., July 14, 2016—Resort industry veteran David Norden has been appointed chief executive officer of Taos Ski Valley and will begin work on July 25. He will oversee all existing Taos Ski Valley resort operations including The Blake, a new slopeside hotel, which is slated to open this winter.
SAM Magazine—Newry, Maine, July 13, 2016—In one of the more unusual lift failures to occur in recent memory, the upper terminal of the Sunday River, Maine, Spruce
Peak Triple chairlift “detached” from the ground underneath it.
SAM Magazine—Centennial, Colo., July 11, 2016—Reviving an old concept, the Snöbahn indoor ski and snowboard center in suburban Centennial hopes to entice both new and veteran skiers and snowboarders to its revolving-deck facility. It’s the first of its kind in the Denver area, and it has the backing of some impressive skiing athletes: Bode Miller, Eric Schlopy, and Chris Anthony.
Welcome to this month’s update on happenings about people in the ski industry. Two former colleagues at the Tecnica Group return to the ski biz, inside and outside the Group, and two managers with Vail Resorts ties take on new jobs, inside and outside VR.
SAM Magazine—Northeast Kingdom, Vt., July 8, 2016—There have been several developments and goings on at Jay Peak and Burke Mountain in Vermont
since the SEC came to town. Some relate to the SEC’s case against the resorts’ operators for alleged EB-5 fraud, some relate to general operations.
