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...
Jiminy's 12-acre installation can produce 2.3 megawatts. Photo courtesy of jiminypeak.com. The 12-acre installation located near the base Jiminy Peak encompasses 7,500 solar panels, making it the largest of its kind in the Northeast. The solar panels can produce 2.3 megawatts; combined with the resort’s 1.5 MW wind turbine,...
SAM Magazine—Boise, Idaho, Oct. 27, 2015—The board of directors at Bogus Basin Mountain Recreation Area has chosen Brad Wilson to be the resort’s new general manager. Wilson has worked in a variety of management, marketing, sales and master planning roles over the past 30-plus yeas in the ski resort and hospitality industries. He ...
SAM Magazine—Ishpeming, Mich., Oct 26, 2015—The U.S. Ski and Snowboard Hall of Fame has chosen seven pioneers to join the Hall as part of the Class of 2015. They are: freestyle skiing world champions Genia Fuller and Bob Salerno; David Ingemie, president and CEO of Snowsports Industries America (SIA); former Skiing magazine publisher He...
The annual Toronto Snow Show, Oct. 15-18, 2015, at the International Centre, helped kick-start the upcoming Canadian winter ski season—as well as the North American consumer show season. Featuring a mix of vendors, local retailers and 40+ resorts from across North America, thousands of consumers flooded the trade show floor looking to purchas...
SAM Magazine—Hancock, Mass., Oct. 22, 2015—The economics of the ski industry, the minimum wage wave and the imperative to create increasing numbers of new skiers and riders has created an instructor shortage for many resorts across America. The Fairbank Group is tackling this problem by ramping up its efforts at all three of its resorts...
SAM Magazine—Squamish, B.C., Oct. 21, 2015—Plans to build a $3.5-billion four-season ski resort northeast of Squamish, B.C., face some key Provincial decisions this fall. The proposed resort on Mount Garibaldi’s Brohm Ridge could include 124 ski runs, three gondolas, 18 chairlifts and three interconnected villages, with 5,723 h...
SAM Magazine—Seward, Alaska, Oct. 21, 2015—While ski resorts across North America are slowly starting to open, the staff at Silverton Mountain Guides Heli Skiing scored powder turns and faceshots this week at their new base camp in Seward, Alaska. The new location complements Silverton's Colorado operation. “El Gordo [El Ni...
SAM Magazine—Pinkham Notch, N.H., Oct. 20, 2015—Wildcat Mountain was able to fire up snowmaking operations last Saturday, thanks to a cold weekend in which daytime temperatures hovered in the 20s and overnight dipped into the teens. The resort continued to make snow “non-stop” through Monday, according to its local ABC affil...
SAM Magazine—Victoria, Australia, Oct. 20, 2015—Australia’s Mount Hotham ski resort is investing AU$ 4.4 million in snowmaking infrastructure for 2016, the single biggest investment in snowmaking at the resort since its 2008 partnership with the government to install the Loch snowmaking dam, said GM Belinda Trembath. With the e...
SAM Magazine—Saint-Sauveur, Que., Oct. 19, 2015—Hot on the heels of Killington and Sunday River opening in the United States, Quebec’s Mont Saint-Sauveur is now the first resort open in Canada. Thanks to cold temperatures over the weekend and with the help of 16 hours of snowmaking, the hill opened today at noon, and will close...
SAM Magazine—Wildwood, Mo., Oct. 19, 2015—Peak Resorts, Inc. is arranging a $15 million line of credit to fund acquisitions and improvements at its current properties. The line of credit, being offered by the Royal Banks of Missouri, allows Peak Resorts to increase the limit to $20 million if needed. “This line of credit will a...
SAM Magazine—Fairfield, Idaho, Oct. 16, 2015—If you’ve ever wanted to own a ski resort, then today might be lucky day. Idaho’s Soldier Mountain Ski Area, once owned by actor Bruce Willis, is currently for sale at the low, low price of $149,000. The not-for-profit ski area currently owes money to the bank for three year&rs...
SAM Magazine—Burnsville. Minn., Oct. 16, 2015—Buck Hill Ski Area, founded in 1954 by Chuck and Nancy Stone, has been purchased by current general manager Don McClure, along with partners David Solner and his wife Corrine. McClure has been involved with Buck Hill for more than 40 years. David Solner has spent the past 23 years as a le...
SAM Magazine—Wrightwood, Calif., Oct. 16, 2015—Mountain High in Wrightwood, Calif., and Snow Valley in Running Spring, Calif., are offering reciprocal lift privileges this winter. Passholders at each area are entitled to three days of free riding at the other resort, excluding blackout holidays. “We’re excited about offer...
SAM Magazine—Denver, Colo., Oct. 16, 2015—While western mountain resorts just wrapped up their third consecutive record-breaking summer season, winter bookings are showing weakness for the first time in more than three years, according to Denver-based DestiMetrics. DestiMetrics draws its data from approximately 290 property managemen...
