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—Fort Collins, Colo., March 30, 2015—Colorado State University (CSU) has launched an online Ski Area Management Graduate Certificate of Completion program for students and current employees looking to further their careers in the ski industry. Each of the six online courses in the ski area management certificate follows a...
SAM Magazine—Park City, Utah, March 27, 2015—The Park City Planning Commission gave unanimous approval for Vail Resorts’ plan to build an interconnecting gondola between Park City and Canyons ski areas, among other capital improvements totaling $50 million. The end result will reportedly represent the largest single ski area in th...
SAM Magazine—Carrabassett Valley, Maine, March 26, 2015—A team of investigators has determined that an inappropriately specified switch in one of the brake components on Sugarloaf’s King Pine lift contributed to the March 21 rollback accident that injured seven people. Officials from Sugarloaf and engineers from parent company ...
SAM Magazine—Donnelly, Idaho, March. 26, 2015—New TR Acquisitions, the owner of Tamarack Resort, has named Replay Resorts to assume overall operational management of the resort with exception of the golf course. Replay takes over from the Tamarack Municipal Association (TMA). The management change goes into effect May 1, 2015. Replay...
SAM Magazine—Park City, Utah, March. 26, 2015—Powdr Corp. has aquired Human Movement Management (HMM), an active entertainment and event company that produces running races, festivals, triathlons, obstacle races, and outdoor events. Powdr officials say the move helps it further diversify its portfolio and expand its summer activities, e...
SAM Magazine—Olympic Valley, Calif., March 23, 2015—Squaw Valley Alpine Meadows is offering a “worry-free” rollover option for skiers and riders who purchase a 2015-16 Tahoe Super Pass. The option includes the ability to rollover up to four unused days during the 2015-16 winter season for credit toward the purchase of a 2016...
SAM Magazine—Broomfield, Colo., March 23, 2015—Vail Resorts is expanding its program for fifth and sixth graders, formerly known as School of Shred, to include all kindergarten through fifth graders. Renamed “Epic SchoolKids Colorado Pack,” the program provides 16 days of free skiing—four days each at Vail, Beaver Cree...
SAM Magazine—Meribel, France, March 22, 2015—Strong season-ending finishes by Lindsey Vonn and Mikaela Shiffrin led the U.S. Ski Team women to reap three titles at the season-ending World Cup Finals held over the last week at Meribel. Two of the globes went to Vonn, who claimed her 66th and 67th World Cup victories by winning both th...
SAM Magazine—Carrabassett Valley, Maine, March 22, 2015—Investigators from Sugarloaf working in conjunction with an engineer from the State of Maine Board of Elevators and Tramways have identified mechanical failures that led to the King Pine lift rollback, resulting in injuries to seven guests yesterday. The investigation began shor...
SAM Magazine—Carrabassett Valley, Maine, March, 21, 2015—A rollback incident today on Sugarloaf’s King Pine lift injured seven guests and sent three to the hospital with non-critical injuries. All three were reported in stable condition on Saturday afternoon, according to hospital spokeswoman Jill Gray. The incident occurred at...
SAM Magazine—Whistler, B.C., March 19, 2015—The provincial government of British Columbia is developing a Climate Change Action Plan aimed at helping B.C.’s 35 ski resorts better prepare for a future with less snow. Stakeholders involved with the plan met this week in Whistler as part of on-going discussions. "This meeting...
SAM Magazine—Denver, March 18, 2015—The most recent results for western mountain lodging properties at 19 resort communities in six western states show revenues are up 12.3 percent compared to the same period last season, while occupancy is up 6.5 percent. The data include activity through Feb. 28 and are collected and reported on by De...
SAM Magazine—Denver, March 16, 2015—Skier and snowboarder visits were up 3.7 percent for the first two months of 2015 among the 21 member ski areas of Colorado Ski Country USA (CSCUSA). The gain in second period visitation boosted overall year-to-date results 1.9 percent ahead of last season, which was the best season on record for the ...
SAM Magazine—Broomfield, Colo., March 12, 2015—Vail Resorts (VR) reported net income for the second quarter of fiscal 2015 (ended Jan. 31, 2015) nearly doubled, to $115.8 million from $59.3 million. Total revenue increased to $530.2 million, up 17.1 percent compared to the same period in the prior year. Notably, the results this year in...
SAM Magazine—Denver, March 11, 2015—The season’s pass war for 2015-16 has begun, and major resorts are adding a number of new weapons to the fight. Perhaps the biggest development: the growth in limited-use passes. Choice is in. But choice comes with a caveat: customers have to act soon to get the best prices. Conglomerates ...