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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

Utah Skier Days Decline in Line with National Average

SAM Magazine – Salt Lake City, Utah, May 20, 2015 – The Utah ski and snowboard industry closed the 2014-15 winter season with a total of 3,946,762 skier days, down 4.9% from the previous season's 4,148,573. This year's number represents a 2.2% decrease vs. Utah's 5-year average of 4,037,349. Nationally, skier days were do...

 HEADLINE NEWS - Ski Area Management

Ohio's Clear Fork Resort Up For Sheriff's Sale after Foreclosure

SAM Magazine – Butler, Ohio, May 18, 2015 – Clear Fork Resort will go on the market via a sheriff’s sale in early June after a judge ordered foreclosure on the property to recover nearly $2.5 million in loan debt. On Feb. 13, Richland County Common Pleas Judge James DeWeese signed a foreclosure paving the way for five land parc...

 HEADLINE NEWS - Ski Area Management

Whistler-Blackcomb To Go Smoke-Free

SAM Magazine – Whistler, B.C., May 18, 2015 – Whistler-Blackcomb announced it will roll out a new smoke-free policy May 31 coinciding with World No Tobacco Day. The policy will prohibit smoking anywhere on Whistler-Blackcomb property including lift lines, chairlifts, gondolas, ski runs, hiking trails, valley base areas, parking lots, th...

 HEADLINE NEWS - Ski Area Management

Vail Resorts Leadership Changes Underway

SAM Magazine—Broomfield, Colo., May 15, 2015—A number of leadership changes first detailed by Vail Resorts last fall are currently underway. John Buhler, current COO of Keystone, is transitioning to COO of Breckenridge. Buhler joined Vail Resorts in 1994 as manager of the Breckenridge ski school. He became ski school assistant direct...

 HEADLINE NEWS - Ski Area Management

Summer Plan at Heavenly Gets Final Approval

SAM Magazine—South Lake Tahoe, Nev., May 15, 2015—The Lahontan Regional Water Quality Control Board added the final stamp of approval to an extensive expansion of on-mountain summer activities at Heavenly Mountain Resort. Billed as Epic Discovery, new attractions will include multiple zip line canopy tours, a ropes course, an alpine coa...

 HEADLINE NEWS - Ski Area Management

Michael Reitzell Named President of CSIA

SAM Magazine—Mill Valley, Calif., May 13, 2015—The California Ski Industry Association (CSIA) board of directors has chosen Michael Reitzell, an experienced attorney representing the ski and outdoor recreation industries, to be the new president of CSIA. Reitzell succeeds longtime CSIA chief Bob Roberts, who retires this month. Reitzell...

 HEADLINE NEWS - Ski Area Management

Intrawest Earnings Increase as Visits Rise

SAM Magazine—Denver, Colo., May 13, 2015—Bolstered by last fall's aquisition of 100 percent interest in Blue Mountain, Ontario, Intrawest reported consolidated revenue increased $36 million, or 12.6 percent, to $321.8 million, for the quarter ended Mar. 31, 2015. On a same-store basis, treating Blue Mountain as if it was fully owned...

 HEADLINE NEWS - Ski Area Management

Visits to Whistler Down, But Revenues Rise

SAM Magazine—Whistler, B.C., May 13, 2015—Skier and snowboarder visits to Whistler Blackcomb fell 9.3 percent, to 1.52 million compared to last season, according to Whistler Blackcomb Holding’s second quarter financial report, for the season through Mar. 31, 2015. Revenues, though, rose 1.5 percent, to $191.4 million, as the decli...

 HEADLINE NEWS - Ski Area Management

NSAA Recognizes Individual, Resort Achievements

SAM Magazine—San Francisco, May 6, 2015—NSAA handed out a variety of awards at the National Convention here. Left: Bob Roberts (on left) accepting his award from Michael Berry, president of NSAA. Right: Dave Ingemie (on right) with Michael Berry. 2015 Lifetime Achievement Award: NSAA pre...

 HEADLINE NEWS - Ski Area Management

Season’s Visits Drop 5 Percent, to 53.6 Million

SAM Magazine—San Francisco, May 6, 2015—The U.S. ski industry tallied an estimated 53.6 million skier and snowboarder visits this past season, making 2014-15 the second-worst since 2000-01, according to the National Ski Areas Association. The results represent a 5 percent decrease from 2013-14, and are down 3.8 percent from the five-sea...

 HEADLINE NEWS - Ski Area Management

U.S. Ski Team to Manage NASTAR

SAM Magazine—San Francisco, May 6, 2015—The U.S. Ski Team is assuming operational control of NASTAR through a partnership with the program’s owner, Active Interest Media (AIM). NASTAR is featured at 115 resorts nationwide, with more than 165,000 racer days each year. Tiger Shaw, ski team CEO, said the integration will capitaliz...

 HEADLINE NEWS - Ski Area Management

Thredbo Joins Mountain Collective

SAM Magazine—San Francisco, May 6, 2015—Thredbo, Australia, has joined The Mountain Collective as a full resort partner for the 2015-16 season, making it the first resort outside of North America to be added to the multi-resort pass. The news comes on the heals of Vail Resorts’ purchase of Perisher last month and further indicates...

 HEADLINE NEWS - Ski Area Management

Lift Revenues Up, Visits Down at Vail Resorts

SAM Magazine—Broomfield, Colo., April 28, 2015—Vail Resorts has reported that for the 2014-15 season, total lift revenues, including an allocated portion of season pass revenue, were up approximately 8.5 percent, while total skier visits for the company's nine mountain resorts were down 2.8 percent compared to 2013-14. Additional...

 HEADLINE NEWS - Ski Area Management

Don Thompson to Lead Red Mountain

SAM Magazine—Rossland, B.C., April 27, 2015—Don Thompson has been promoted to president at Red Mountain. Thompson is the former vice president of operations and development and is now in charge of all aspects of resort operations, as well as project and property management. "I look forward to continually increasing and improving...

 HEADLINE NEWS - Ski Area Management

Brad Larsen to Become Tamarack GM

SAM Magazine—Donnelley, Idaho, April 23, 2015—Brad Larsen is set to become the new general manager for Tamarack Resort. He is joining the team of Replay Resorts, which was chosen last month to run Tamarack by the resort’s owner, New TR Acquisitions Co. (NEWTRAC). Replay is taking over management on May 1 from the Tamarack Municipa...