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—Dover, Vt., June 2, 2016—Mountain resorts nationwide opened for summer operations over the long Memorial Day weekend, kicking off the warm season with a growing
number of attractions aimed at boosting the bottom line.
SAM Magazine—Washington, D.C., June 2, 2016—Snowsports Industries America (SIA) has informed its staff that the organization’s headquarters will be relocating out west. The organization
said the move will put it in better proximity to partner brands, like-minded organizations, and the winter sports environment as a whole.
SAM Magazine—Salt Lake City, June 2, 2016—Prolific early season snow set the tone for a record-setting winter at Utah’s ski areas. The state tallied 4,457,575 skier visits during the 2015-16 season, up 5 percent from the previous record set in 2007-08. According to Ski Utah, visits were up 13 percent compared to last season, and beat the ten-year average by 10.4 percent.
SAM Magazine—Northeast Kingdom, Vt., June 2, 2016—Recent developments in the Securities and Exchange Commission’s case against Jay Peak owner Ariel Quiros include presentation of
a preliminary injunction by the SEC and additional financial implications for Quiros, according to local news website VTDigger.org.
SAM Magazine—Denver, June 1, 2016— The Colorado Supreme Court ruled that avalanches are an inherent risk of skiing and fall under the state’s liability-limiting Ski Safety Act. In a 5-2 decision, the court agreed that avalanches result from changing snow conditions, changing weather, and variations of steepness and terrain, all of which are specifically noted in the Ski Safety Act.
SAM Magazine—Perisher, Australia, May 27, 2016—With the start of Australia’s ski season a fortnight away, there’s been consistent snow across the country’s main ski areas, which forecasters say should continue for most of the coming week.
SAM Magazine—Bloomfield, Colo., May 27, 2016—Vail Resorts’ CEO Rob Katz said that the company is looking to expand its portfolio of resorts, with possible acquisitions in
Canada and Japan “a higher priority,” according to Snow Hunter’s World Weekly Snow News. The strength of the dollar has increased Vail’s buying power in recent years.
SAM Magazine—Zhangjiakou City, China, May 27, 2016—In a move aimed at tapping into the growing Chinese tourist market, Squaw Valley Alpine Meadows has entered into a “strategic alliance” with China’s Genting Secret Garden Resort, one of the host areas for the 2022 Beijing Winter Olympics. California is currently the top U.S. destination for Chinese travelers, who spent $2.5 billion in California in 2015, according to research by Visit California.
SAM Magazine—Wildwood, Mo., May 26, 2016—Peak Resorts has gained approval from the United States Citizenship and Immigration Services (USCIS) for its $52 million project at Mount Snow, Vt., providing a shot of good news for the recently maligned EB-5 immigrant investor program.
SAM Magazine—Lakewood, Colo., May 26, 2016—At the 2016 NSAA National Convention and Trade Show, several resorts and individuals were honored with annual awards.
The various awards recognize environmental efforts, marketing acumen, safety, bringing new skiers and riders to the sport, and more.
SAM Magazine—Denver, May 24, 2016—Western resort destinations set all-time records for occupancy and revenue during the 2015-16 winter season, according to DestiMetrics. As of April 30, occupancy was up 4.4 percent and revenues were up 5.2 percent compared to last season. That surpassed the previous record set in 2007-08.
SAM Magazine—Nashville, Tenn., May 20, 2016—U.S. ski areas tallied an estimated 53.9 million skier and snowboarder visits during the 2015-16 season, up slightly from last
season’s 53.6 million total, according to the National Ski Areas Association (NSAA). A record year in the Pacific Northwest and the Rockies was offset by steep declines in visitation in the eastern half of the country.
SAM Magazine—Nashville, Tenn., May 20, 2016—Judy Dorsey, the principal and founder of Brendle Group, a sustainability engineering and planning firm based in Colorado,
received the Industry Impact Award from the National Ski Areas Association (NSAA).
SAM Magazine—Nashville, Tenn., May 20, 2016—Soda Springs, Calif., Gore Mountain, N.Y., and Aspen Skiing Co., Colo., earned the 2016 Golden Eagle Awards for Environmental
Excellence, presented by SKI Magazine. Additionally, SKI named Kristyn Lingenfelter of Squaw Valley/Alpine Meadows in California as the “Hero of Sustainability” honoree for 2016.
SAM Magazine—Nashville, Tenn., May 19, 2016—Since his first day on the job four months ago, SnowSports Industries America (SIA) president Nick Sargent has had to address the decision to shift the organization’s longtime Snow Show and On-Snow Demo from late January to early December, starting in 2017. Following comprehensive meetings with stakeholders, Sargent and the SIA board of directors unanimously decided to abandon the December time shift and maintain the January dates moving forward.
