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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

Hyland to Get $14 Million Upgrade

SAM Magazine—Bloomington, Minn., Dec. 18, 2013—The Hyland Ski and Snowboard Area is set to upgrade its base lodge and parking areas and thus improve its services to the increasing throngs that visit the hill. The Bloomington City Council approved the $14.2 million expansion of the ski area earlier this week, according to local business ...

 HEADLINE NEWS - Ski Area Management

Destination Lodging Shows Continuing Strength

SAM Magazine—Denver, Colo. Dec. 16, 2013—Positive snow equity from last winter, good early season snowfall this year, and stronger financial news are combining to drive occupancy and revenues at western mountain destinations to one of their strongest starts in memory, according to the most recent data released by the Denver-based DestiM...

 HEADLINE NEWS - Ski Area Management

Cranmore Unveils Master Development Plan

SAM Magazine—North Conway, N.H., Dec. 16, 2013—Cranmore Mountain Resort has unveiled a Master Development Plan at a town Planning Board Meeting here to replace dated ski facilities with a mix of combination service space/residential condominium buildings and residential-only condos. “Mixing new ski facilities with condominiums ...

 HEADLINE NEWS - Ski Area Management

Retail Snowsports Sales Rose Slightly This Fall

SAM Magazine—Washington, D.C., Dec. 11, 2013—Snow sports retailers sold $624 million in apparel, accessories and equipment from Aug. 1 to Oct. 31, a three percent increase from the prior year, according to the Snowsports Industry America (SIA) RetailTRAK survey of more than 1,200 snowsports retailers. Good snow conditions in late Nov...

 HEADLINE NEWS - Ski Area Management

Taos Ski Valley Enters Agreement to Sell

SAM Magazine--Taos, N.M., December 11, 2013--Mickey Blake, COO of Taos Ski Valley and son of ski pioneers Ernie and Rhoda Blake, announced today that the family-held corporation has entered into an agreement with conservationist Louis Bacon who will purchase the resort. Blake stated, "Louis and his team have been true partners for many year...

 HEADLINE NEWS - Ski Area Management

Powdr Enterprises Acquires Adventure Sports TV series

SAM Magazine—Park City, Utah, Dec. 3, 2013—Powdr Enterprises, a division of Powdr Corp., has acquired the Emmy Award-winning television series “World of Adventure Sports Presented by GoPro.” Powdr Enterprises is expanding the show from a television series airing on NBC and NBCSN into a year-round, multi-platform offering tha...

 HEADLINE NEWS - Ski Area Management

Bromley to Host Free Terrain-Based Learning Day

SAM Magazine—Manchester, Vt., Nov. 26, 2013—Bromley Mountain is inviting the public to a free “Introduction to Terrain Based Learning” session Dec. 21 so that first-timers can experience the increasingly popular teaching process based on terrain features. The session runs from 10:30 a.m. to 12 noon and includes an all-day Le...

 HEADLINE NEWS - Ski Area Management

Ski Utah Launches Revamped Website

SAM Magazine—Salt Lake City, Utah, Nov. 26, 2013—With the 2013-14 ski season underway, Ski Utah recently launched an updated website. SkiUtah.com provides extensive trip planning tools, custom detailed weather forecasts, a new travel expert blogger, and large imagery that showcases the resorts—along with a comprehensive look at Ut...

 HEADLINE NEWS - Ski Area Management

Resorts Giving Skiers, Riders Plenty to be Thankful For

SAM Magazine—Woodbury, Conn., Nov. 22, 2013—More than 50 areas in North America are now open, with dozens more opening this weekend, and with still more resorts set to open on or just after Thanksgiving. Cold weather in the East and Midwest has provided good snowmaking conditions. In the West, snowmaking operations have been suppleme...

 HEADLINE NEWS - Ski Area Management

New Hope for West Mountain

SAM Magazine--Queensbury, N.Y., November 22, 2013--After filing for bankruptcy protection last June, West Mountain's future was uncertain. However, as of yesterday, its future looks brighter thanks to the purchase of its first mortgage by the investment group that has been running the area—Apex Capital. As we reported in late October, Zio...

 HEADLINE NEWS - Ski Area Management

California's Mt. Baldy Offers $59 Season Passes

SAM Magazine—Mt. Baldy, Calif., Nov. 19, 2013—For a limited time, Mt. Baldy is offering season passes for $59 to skiers and snowboarders who have never had a Baldy pass before. “It's an almost risk-free way to sample our mountain," said Mt. Baldy president Ron Ellingson. "Passes are intended for skiers and snowboa...

 HEADLINE NEWS - Ski Area Management

New Data Suggests Potential Record Year in West

SAM Magazine--Denver, Colo., November 18, 2013--Bookings and occupancy figures continue their summer and fall growth patterns and with nearly half of all bookings already made for the upcoming winter, the mountain lodging industry in the western U.S. is in a position to post record-breaking numbers according to the most recent data released by Dest...

 HEADLINE NEWS - Ski Area Management

Resort Openings Accelerate As Weekend Approaches

SAM Magazine—Ludlow, Vt., Nov. 14, 2013—A cold wave earlier this week that spread across the U.S. east of the Rockies, along with snow and favorable snowmaking conditions in parts of the West, have enabled dozens of areas across North America to open, either for the coming weekend or for the season. East In the East, Okemo was one...

 HEADLINE NEWS - Ski Area Management

Intrawest Files $100 Million IPO

SAM Magazine--Denver, Colo., November 12, 2013--According to NASDAQ.com, Intrawest Resorts Holdings Inc., filed an initial public offering today with the New York Stock Exchange to raise up to $100 million. Intrawest, which is based out of Denver, operates Winter Park and Steamboat in Colorado, Mont Tremblant in Quebec, Stratton in Vermont and Snow...

 HEADLINE NEWS - Ski Area Management

More Areas Now Open, Others Join This Weekend

SAM Magazine—Breckenridge, Colo., Nov. 7, 2013—Breckenridge, Mammoth, Calif., Lake Louise, Alberta, Brighton, Utah, and Loon, N.H., are among the several areas that are recently opened or opening in the next few days. The start-ups give skiers and riders more options from coast to coast. In California, Boreal Mountain Resort reopened...