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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

Soldier Mountain Under New Ownership

SAM Magazine--October 9, 2012--Actor Bruce Wilis has handed over the reins of his small Idaho ski area, Soldier Mountain, to a nonprofit group. The actor announced last April that he was looking for a new entity to run Soldier, which includes two chairs and one rope tow on permitted Forest Service land, at the same time he announced the sale o...

 HEADLINE NEWS - Ski Area Management

WILD MOUNTAIN IS FIRST SKI AREA TO OPEN IN NATION

SAM Magazine—Taylors Falls, Minn., Oct. 8, 2012—Wild Mountain, Minn., was the first resort to open for the winter season, as it began operations on Sunday, Oct. 7, with skiing, snowboarding, alpine sliding and go-karting. Opening day offered two slopes, a beginner run and a terrain park, served by two rope tows, with up to 24 inches ...

 HEADLINE NEWS - Ski Area Management

AT KEYSTONE, VACATIONING KIDS ALWAYS SKI FREE

SAM Magazine—Keystone, Colo., Oct. 4, 2012—Keystone Resort is taking kid-friendly programming to new heights: throughout the entire 2012-2013 winter season, children 12 and under will ski/snowboard for free at Keystone, so long as their families stay two or more nights in one of Keystone’s owned and operated accommodations. If ...

 HEADLINE NEWS - Ski Area Management

RED MOUNTAIN LAUNCHES 1,000-ACRE TERRAIN EXPANSION

SAM Magazine—Rossland, B.C., Oct. 4, 2012—Red Mountain Resort has begun developing a 1,000-acre expansion onto Grey Mountain that will bring total skiing acreage to 2,682 acres and make Red one of the largest resorts in North America. Full development will be completed by December 2013. The Grey Mountain expansion will open up a vast...

 HEADLINE NEWS - Ski Area Management

Sugarbush and Mad River Announce Partnership

SAM Magazine--Vermont, October 4, 2012--After a rocky 54-year history, Sugarbush Resort and Mad River Glen have declared a détente and are offering joint season passes for the first time. The "Ski The Valley Plus" pass is available to skiers who book extended ski and stay packages and includes unrestricted access to all three mount...

 HEADLINE NEWS - Ski Area Management

EB-5 VISAS FUND JAY PEAK, BURKE MOUNTAIN DEVELOPMENT

SAM Magazine—Jay, Vt., Oct. 2, 2012—Jay Peak and Burke Mountain resorts will get a share of a $500 million investment of EB-5 visa funds that will transform the economy of the state’s “Northeast Kingdom." The overall development plan will bring new industries and a hotel/conference center to the town of Newport and expa...

 HEADLINE NEWS - Ski Area Management

SUGAR BOWL TO OPERATE ROYAL GORGE

SAM Magazine—Norden, Calif., Sept. 28, 2012—Sugar Bowl has signed an agreement with the Truckee Donner Land Trust to lease and operate the neighboring Royal Gorge cross-country ski area this winter, pending completion of the Trust’s purchase of 3,000 acres of Royal Gorge terrain. If all goes according to plan, Sugar Bowl will a...

 HEADLINE NEWS - Ski Area Management

COURT CLEARS CREDIT SUISSE TO SELL TAMARACK ASSETS

SAM Magazine—Boise, Idaho, Sept. 26, 2012—A district court judge has refused to block Credit Suisse from foreclosing on Tamarack Resort, thus giving the bank leeway to request a sheriff’s sale for its portion of the resort—including the lifts and on-mountain facilities, golf course, and more than 2,000 homesites. According t...

 HEADLINE NEWS - Ski Area Management

LAWSUIT TRIGGERS CLOSURE OF BIG TUPPER SKI AREA

SAM Magazine—Franklin County, N.Y., Sept. 26, 2012—Big Tupper ski area is closing its doors due to the cost of a lawsuit, according to Jim LaValley, chairman of Adirondack Residents Intent on Saving Their Economy (ARISE). The group has operated Big Tupper on a voluntary basis since 2009, while plans for a larger resort have been taking ...

 HEADLINE NEWS - Ski Area Management

VAIL RESORTS’ FINANCIALS DETAIL TRYING YEAR, UNDERLYING STRENGTH

SAM Magazine—Broomfield, Colo., Sept. 26, 2012—Vail Resorts reported net income of $16.5 million in fiscal 2012, down from $34.5 million in 2011. But in a sign that last season’s snow drought has not dampened customer expectations, season pass sales for the upcoming season rose 17 percent in units, to about 178,000, and 21 percent...

 HEADLINE NEWS - Ski Area Management

POWDR CORP PROMOTES DEMSCHAR, NYBERG, SOLIMANO

SAM Magazine—Park City, Utah, Sept. 24, 2012—Powdr Corp. has promoted three key personnel within the company. COO Herwig Demschar is now senior vice president of international business development. Killington Resort and Pico Mountain president and general manager Chris Nyberg gets wider responsibilities as president and chief operating ...

 HEADLINE NEWS - Ski Area Management

WISP CONTINUES SEARCH FOR BUYER

updated Sept. 25, 2012 SAM Magazine—McHenry, Md., Sept. 25, 2012—The owners of Wisp Ski Resort continue to negotiate to sell the resort to a well capitalized buyer that will ensure uninterrupted and improved operations for the upcoming ski season and beyond. In a statement Monday, co-owner Karen Myers said, “We fully expect to...

 HEADLINE NEWS - Ski Area Management

VAIL RESORTS SEEKS DISMISSAL OF AVALANCHE LAWSUIT

SAM Magazine—Broomfield, Colo., Sept. 24, 2012—Vail Resorts (VR) is seeking dismissal of a wrongful death lawsuit stemming from an inbounds avalanche at Vail Mountain last winter, claiming that the avalanche is one of the inherent risks covered by the Colorado Ski Safety Act. The suit was brought by the parents of Taft Conlin, who di...

 HEADLINE NEWS - Ski Area Management

VERMONT AREAS, STATE TOUT TORONTO AIR SERVICE

SAM Magazine—Montpelier, Vt., Sept. 21, 2012—The state of Vermont and four Vermont ski areas are partnering with Porter Airlines to bring Canadian skiers to northern Vermont. Porter operates roundtrip flights between Toronto and Burlington. Vermont Ski Areas Association president Parker Riehle said that about 2,000 people flew the To...

 HEADLINE NEWS - Ski Area Management

SUMMER DESTINATION LODGING RISES; WINTER SHOWS PROMISE

SAM Magazine—Denver, Sept.18, 2012—Summer occupancy at 16 western mountain resort destinations was higher than the previous two years, with increases in both occupancy and nightly revenue, according to the Mountain Travel Research Program (MTRiP). August marked the fourth straight month of year-over-year occupancy increases. Early indic...