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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

AU$ 4.4 Million Snowmaking Expansion for Australia’s Mount Hotham

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...

 HEADLINE NEWS - Ski Area Management

Quebec’s Mont Saint-Sauveur Now Open

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...

 HEADLINE NEWS - Ski Area Management

Peak Resorts Takes On $15 Million Line of Credit

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...

 HEADLINE NEWS - Ski Area Management

Idaho’s Soldier Mountain for Sale

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...

 HEADLINE NEWS - Ski Area Management

Buck Hill Ski Area Has New Owners

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...

 HEADLINE NEWS - Ski Area Management

Mountain High, Snow Valley to Offer Reciprocal Pass Privileges

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...

 HEADLINE NEWS - Ski Area Management

Winter Reservations Soft in West

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...

 HEADLINE NEWS - Ski Area Management

Killington Aims to Open Oct. 18

SAM Magazine—Toronto, Ontario, Oct 16, 2015—In the yearly battle to be the first resort to open in North America, Killington, Vt., is gunning for the top. The Beast of the East has targeted Sunday, Oct.18 as its opening day, hours ahead of rival Sunday River, Maine. During a Ski Vermont media reception on Oct. 15 in Toronto, Ont., he...

 HEADLINE NEWS - Ski Area Management

Who’s Up First? Sunday River Hopes To Open Oct. 19

SAM Magazine—Bethel, Maine, Oct. 14, 2015—On the heels of a relatively warm early fall across much of the country, Maine’s Sunday River Ski Resort plans to open for the 2015-16 season on Monday, Oct. 19. If all goes according to plan, it will be the first resort in North America to open this season. The current forecast for wes...

 HEADLINE NEWS - Ski Area Management

120+ Resorts Join the Guinness Bandwagon

SAM Magazine—Washington, D.C., Oct 14, 2015—More than 120 ski and snowboard resorts have signed up to take part in a Guinness Book of World Records biggest-lesson-ever attempt in an effort to generate press coverage and a slew of newcomers to skiing and snowboarding. The event will take place at 10 a.m. local time Jan. 8, 2016 at res...

 HEADLINE NEWS - Ski Area Management

Mother and Son Purchase Snow Ridge (N.Y.)

SAM Magazine—Turin, N.Y., Oct. 9, 2015—The mother and son duo of Cyndy Sisto and Nick Mir have taken ownership of Snow Ridge Ski Resort. The Adriondack resort was previously owned by Russell Horn. “Snow Ridge has a rich history of providing exceptional skiing and snowboarding for central and northern New York families,” s...

 HEADLINE NEWS - Ski Area Management

Yes, Killington Will Host FIS World Cup

A view from the top of Killington looking down Superstar, site of the November 2016 Audi FIS Ski World Cup women's races. SAM Magazine—Killington, Vt., Oct. 9, 2015—It’s official, Killington Resort will host Audi FIS Ski World Cup races Nov. 26-27, 2016, on its Superstar trail. The first World Cup in eastern U.S. in...

 HEADLINE NEWS - Ski Area Management

USSA Proposes 2016 World Cup Races at Killington

A view from the top of Killington looking down Superstar, site of the proposed November 2016 Audi FIS Ski World Cup women's races. SAM Magazine—Oct. 2, 2015—The “Beast of the East” is one step closer to hosting an Audi FIS Ski World Cup in 2016, a feat that hasn’t been accomplished in the eastern U.S. in...

 HEADLINE NEWS - Ski Area Management

103 and Counting: Guinness Bandwagon Gathers Steam

SAM Magazine—Boulder, Colo., Oct. 1, 2015—There are still several hours left to join the Guinness World Record ski and ride lesson attempt. With 103 resorts signed on by mid-afternoon, organizers hope to reach 120 by tonight’s midnight deadline. “Given the high potential for publicity and the very low risk, why wouldn&rsq...

 HEADLINE NEWS - Ski Area Management

Sign Up Today for the Year's Best Publicity Stunt

SAM Magazine—Boulder, Colo., Oct. 1, 2015—Resorts have until midnight tonight to register for the attempt to establish a Guinness World Record for the largest mass-participation ski and snowboard lessons. More than 80 resorts have already signed up for what may be the year’s greatest PR and photo op in winter sports, and others ar...