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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

HUNTER TO ADDRESS OSHA VIOLATIONS

SAM Magazine—July 26, 2012—The Occupational Safety & Health Administration (OSHA) issued two citations against Hunter Mountain, N.Y., following the January 18 death of a snowmaking employee who slipped on ice and slid 200 feet hitting a tree and a rock. The safety violations (each carry a fine of $4,250) claim that 1) Hunter did not...

 HEADLINE NEWS - Ski Area Management

EAGLE POINT OFFERS FREE YEAR OF SKIING TO CALIFORNIANS

SAM Magazine—Beaver, Utah, July 25, 2012—Eagle Point resort is so intent on expanding its market that it’s offering free, unlimited skiing to California residents next winter. And for everyone else, skiing and riding are free on Thursdays in January. To receive free lift privileges, visitors must simply provide a name and email...

 HEADLINE NEWS - Ski Area Management

CHERRY PEAK RESORT PROPOSAL GOES TO COURT

SAM Magazine—Richmond, Utah, July 25, 2012—The proposed Cherry Peak ski area has been stalled by a group of local opponents here, who are appealing a county conditional use permit in Utah’s 1st District Court. The local planning commission approved the permit last February, and the board of adjustments upheld that decision. Opp...

 HEADLINE NEWS - Ski Area Management

VAIL RESORTS SUBMITS SUMMER OPS PROPOSAL

SAM Magazine--July 19, 2012-- Vail Resorts, Inc. has submitted a proposal to the U.S. Forest Service for a comprehensive summer activities plan at Vail Mountain. Vail’s summer activity effort, named Epic Discovery, a Summer Mountain Adventure, will encourage “learn through play” by featuring environmental educational elements i...

 HEADLINE NEWS - Ski Area Management

OUTDOOR, GENERAL SPORTING GOODS SHOW RETAIL STRENGTH

SAM Magazine—Boulder, Colo., July 17, 2012—In a sign that sports consumers are investing in their favorite activities (when the weather cooperates), May retail sales at outdoor retailers and sporting goods chains were up from year-ago totals, according to the Leisure Trends Group. Outdoor and sporting goods sales got a solid boost fr...

 HEADLINE NEWS - Ski Area Management

GREEK PEAK GETS SENATOR'S HELP

SAM Magazine—July 17, 2012—Yesterday, U.S. Senator Charles Shumer of New York visited Greek Peak Resort to urge the FDIC (Federal Deposit Insurance Corp) to push through a loan review for the beleaguered resort after its primary lender, Tennessee Commerce Bank, was closed by state regulators in late January of this year. "Due to...

 HEADLINE NEWS - Ski Area Management

SUMMER DESTINATION VISITS GAIN MOMENTUM IN JULY

SAM Magazine—Denver, July 16, 2012—Momentum for vacations at mountain destinations throughout the western U.S. showed increasing strength in both occupancy and daily rate in June, according to the latest data released by the Mountain Travel Research Program (MTRiP). The average occupancy for the month was up 17 percent compared to the s...

 HEADLINE NEWS - Ski Area Management

MOUNTAIN HIGH, STEVENS PASS NAME NEW LEADERS

SAM Magazine—Wrightwood, Calif., July 16, 2012—Mountain High Resort, Calif., and Stevens Pass Mountain Resort, Wash., have a new management structure for the two companies. There are several changes at each resort, and a new set of managers overseeing both. At the corporate level, Michele Roy has assumed the role of chief financial o...

 HEADLINE NEWS - Ski Area Management

GIFFORD BECOMES PRESIDENT OF PNSAA

SAM Magazine—Hood River, Ore., July 12, 2012—The Pacific Northwest Ski Areas Association (PNSAA) board of directors have selected John Gifford as its new president. Gifford, until recently the GM of Stevens Pass, will assume his duties on Aug. 15. Gifford will be PNSAA’s fourth president. He succeeds Scott Kaden, who resigned a...

 HEADLINE NEWS - Ski Area Management

PARK CITY SEASON NOT IN DOUBT: TALISKER

SAM Magazine—Park City, Utah, July 11, 2012—While a long-term lease agreement for Park City Mountain Resort (PCMR) remains elusive, PCMR leaseholder and Canyons owner Talisker said last week that it had assured PCMR that the resort will be able to open for the 2012-13 season. In fact, Talisker said it assured PCMR of this back in April....

 HEADLINE NEWS - Ski Area Management

JOHN FRADO: 1944-2012

SAM Magazine--July 5, 2012--John J. Frado, Jr., 67, died at home on June 20 in his wife's arms (Cross Country Ski Areas Association President Chris Frado) as a result of complications from a traumatic brain injury incurred in December while building a barn. John was a visionary who enjoyed planning and creating, whether it was a multi-millio...

 HEADLINE NEWS - Ski Area Management

U.S. WON'T BID FOR 2022 WINTER OLYMPICS

SAM Magazine—July 3, 2012—The United States Olympic Committee (USOC) decided today that it would not put forth a bid to host the 2022 Winter Olympics, but to instead concentrate on a 2024 summer bid and a 2026 winter bid. Both Denver, Colo., and Lake Tahoe, Calif., had formed task forces to put their names in the hat as possible U.S. ve...

 HEADLINE NEWS - Ski Area Management

JAY, BURKE RESORTS OFFER COMBO PASSES

SAM Magazine—Jay, Vt., July 3, 2012—Sister resorts Jay Peak and Burke Mountain are introducing combination season passes valid at both areas. Two-mountain access will be available across many of the resorts’ season pass and ticket categories, along with a number of shared special benefits. The new passes go on sale July 9. &ldq...

 HEADLINE NEWS - Ski Area Management

TOWN OF MAMMOTH LAKES DECLARES BANKRUPTCY

SAM Magazine—Mammoth Lakes, Calif., July 3, 2012—The town council here voted Monday to file for Chapter 9 bankruptcy protection against a $43 million judgment in state court. The judgment stems from a property development fight involving the local airport and Mammoth Lakes Land Acquisition (MMLA). The judgment is more than twice the ...

 HEADLINE NEWS - Ski Area Management

SIA, NSSRA URGE MEMBER SUPPORT FOR LSSM

SAM Magazine—McLean, Va., July 2, 2012—Both Snowsports Industries America (SIA) and the National Ski & Snowboard Retailers Association (NSSRA) have declared their support for Learn to Ski and Snowboard Month (LSSM) and challenged their members to get involved, financially and personally. “After coming off one of the toughes...