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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

Park City Served Eviction Notice

SAM Magazine--Park City, Utah, August 29, 2013--Another shot has been fired in the on-going lease battle between Talisker Land Holdings and Park City Mountain Resort (PCMR), this time in the form of an eviction notice. Yesterday, Talisker filed a notice saying that PCMR is a tenant and they have five days to vacate the land it leases from Talisker ...

 HEADLINE NEWS - Ski Area Management

Vail Resorts Adds to Its Epic Pass

SAM Magazine--Broomfield, Colo., August 29, 2013--Vail Resorts, Inc. (VR) today announced a partnership with the largest ski area in the world, Les 3 Vallées, France, home to the legendary mountain resorts of Courchevel, La Tania, Méribel, Brides-les-Bains, Les Menuires, Saint Martin de Belleville, Val Thorens and Orelle, France. The ...

 HEADLINE NEWS - Ski Area Management

Shaw to Succeed Marolt at USSA

SAM Magazine—Park City, Utah, Aug. 28, 2013—The U.S. Ski and Snowboard Association (USSA) has named Olympian Tiger Shaw as chief operating officer, effective Oct. 1. Shaw, a native of Stowe, Vt., and a former U.S. Alpine Ski Team athlete, will transition in the spring of 2014 to succeed Bill Marolt as president and chief executive offic...

 HEADLINE NEWS - Ski Area Management

Jay Peak to Host 2016 Porsche Parade

SAM Magazine--Jay, Vt., August 22, 2013--Jay Peak Resort announced that it has signed an agreement to host the 2016 Porsche Club of America's Porsche Parade. The event will bring more than 2,000 Porsche owners from around the country, and reps from the Porsche factory to Jay Peak for 10 days in mid-June 2016. The parade represents the largest p...

 HEADLINE NEWS - Ski Area Management

Sunday River Adds Terrain

SAM Magazine--Newry, Maine, August 22, 2013--Sunday River Resort announced that it has added 75 acres of terrain, becoming the second largest mountain resort in New England (behind Sugarloaf), with a total of 820 acres. Included in the new terrain is T72, a 15-acre terrain park trail, and five new gladed areas, all set to open for the 2013-14 seaso...

 HEADLINE NEWS - Ski Area Management

West Mountain Gets New Operator With Big Plans

SAM Magazine--Queensbury, N.Y., August 19, 2013--As of August 15, West Mountain, N.Y., will be operated by Apex Capital and will open this winter. According to the Post Star, the group parted ways with the former ski area owner, Mike Barbone, but will now have full control over the resort. Barbone filed for Chapter 11 bankruptcy in June and, rather...

 HEADLINE NEWS - Ski Area Management

Mountain Lodging Might Break Record

SAM Magazine--Denver, Colo., August 19, 2013--At the halfway point of summer, lodging properties from 17 participating western mountain resorts are seeing steady crowds this summer and are on pace to be the busiest ever according to the most recent data released by Destimetrics. The measurements are from data collected through July 31 and reflect o...

 HEADLINE NEWS - Ski Area Management

Four New England Resorts Partner 
on College Pass

SAM Magazine—Rutland, Vt., Aug. 15, 2013—Okemo Mountain Resort, Killington Resort, Pico Mountain at Killington and Mount Sunapee Resort have partnered to introduce 4.0 The College Pass for undergraduate and graduate students. For $369 (plus tax) students get unlimited skiing and riding at all four areas. The deal is available for purcha...

 HEADLINE NEWS - Ski Area Management

CrossHarbor and Boyne to Buy, Run Moonlight

SAM Magazine—Big Sky, Mont., Aug. 15, 2013—Yellowstone Club owner CrossHarbor Capital Partners, in partnership with Boyne Resorts, which operates Big Sky Resort, are acquiring Moonlight Basin from Lehman Brothers Holdings, which owned Moonlight through a 2012 bankruptcy sale. The deal is expected to close within the next several weeks. ...

 HEADLINE NEWS - Ski Area Management

Québec Ski Areas Association CEO Stepping Down

SAM Magazine--Terreboone, Que., August 9, 2013--After 18 years at the helm of the Québec Ski Areas Association (ASSQ), Claude Péloquin will be leaving his position on September 6 to become the CFO at Ski Bromont. Under Péloquin's leadership, the ASSQ established an insurance program, developed a range of professional suppor...

 HEADLINE NEWS - Ski Area Management

Whistler Blackcomb Releases Third Quarter Results

SAM Magazine--Whistler, B.C., August 8, 2013--Whistler Blackcomb Holdings Inc. reported financial results for the three months and nine months ended June 30, 2013. The corporation holds a 75% interest in Whistler Blackcomb. The company reported a 25% drop in skier visits for the third quarter, which went from 332,000 to 249,000, and a 4% decrease f...

 HEADLINE NEWS - Ski Area Management

InTouch Technology Joins New Zealand Tourism Group

SAM Magazine--Vail, Colo., August 8, 2013--Intouch Technology Group, formed in 1993 to develop the Ultima product suite for the wintersports industry and recreational facilities, has joined forces with Trojan Holdings, a New Zealand-based tourism company that operates three ski areas in the southern Alps. As a result of the merger, Intouch appointe...

 HEADLINE NEWS - Ski Area Management

Utah Pass Wars Heat Up

SAM Magazine--Utah, August 8, 2013--On the heels of the annoucement by Alta, Snowbird, Deer Valley and Park City that each of their season pass holders can enjoy priveleges at any of the four areas, Brighton Resort and Solitude teamed up to offer the Big Cottonwood Pass for $999. The joint pass is valid at both resorts with no blackout dates. The t...

 HEADLINE NEWS - Ski Area Management

Bigrock Ski Area Seeking Public Support

SAM Magazine—Mars Hill, Maine, Aug. 6, 2013—The nonprofit Maine Winter Sports Center (MWSC), which has owned the Bigrock Mountain community ski area here since 2000, hopes to turn over the area to the community of Bigrock supporters. MWSC expects the community will fund operations and establish a new non-profit to operate the area, much...

 HEADLINE NEWS - Ski Area Management

Mountain Collective, POW Team to Combat Climate Change

SAM Magazine—Aspen, Colo., Aug. 5, 2013—The Mountain Collective, an alliance of independent mountain resorts—Aspen/Snowmass, Whistler, Alta, Snowbird, Squaw Valley/Alpine Meadows, Jackson Hole, and Mammoth—and Protect Our Winters (POW) are partnering in an effort to unite the winter sports community on climate change. The...