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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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SAM Magazine—Natick, Mass., Aug. 27, 2024—Drawing insights from a survey of ski area marketers across North America, the inaugural "Outlook on Resort Marketing" report, created by SAM Magazine and MMGY Origin, is now available exclusively for SAM subscribers. Designed as a key resource for marketing professionals in the ski industry, the repor...
SAM Magazine—Juneau, Alaska, Aug. 22, 2024—Craig Cimmons has been selected as the new general manager of Eaglecrest Ski Area, beginning in early October. Cimmons currently serves as the director of the ski and ride school and community engagement at Jay Peak, Vt. Cimmons was chosen from a pool of 17 applicants, according to a report from KTO...
POWDR to Sell Killington Resort / Pico Mountain, Put Mt. Bachelor, Eldora, and SilverStar Out to Bid
Updated at 11:15 a.m. on Aug. 22, 2024. SAM Magazine—Killington, Vt, Aug. 22, 2024—POWDR has agreed to sell Killington Resort and Pico Mountain to a group of local investors. The sale is expected to close this fall. Following news of the sale, sources report that POWDR also plans to put several of its other ski resort properties—Eldora, Col...
Midwest ski area operators, their teams, and industry suppliers gathered earlier this week at the Midwest Ski Areas Association (MSAA) Summer Meeting and Trade Show at the beautiful Treetops Resort in Gaylord, Mich., August 11-14. Attendance was slightly down from last year, which was no surprise given the very challenging winter most experienced. ...
SAM Magazine—Winter Park, Colo., Aug. 16, 2024—Rates and occupancy are leveling out in the West, according to the latest Monthly Briefing from DestiMetrics, the business intelligence division of Inntopia. The latest report highlights just how rate sensitive summer guests have become, as a slight uptick in rates last month led to a modest dip in...
Crystal Ridge general manager Riley May at the Midwest Ski Areas Association show.SAM Magazine—Franklin, Wis., Aug. 14, 2024—Rock Snowpark has rebranded as Crystal Ridge, which was the ski area’s original name when John Kaishian first opened it in 1987. The new name goes into effect immediately and the rebrand includes a new Crystal Ridge log...
SAM Magazine—Natick, Mass., Aug. 7, 2024—SAM has partnered with the National Ski Areas Association (NSAA), Taos Ski Valley, N.M., and Mountain Towns 2030 to welcome key stakeholders in the mountain resort community to the 2024 Climate Solutions Summit in Jackson, Wyo., Oct. 15-16 with a free arrival-day program at Jackson Hole Mountain Resort....
SAM Magazine—Londonderry, Vt., Aug. 7, 2024—Magic Mountain has promoted mountain operations director Paul Maitland to general manager. Maitland will report directly to Geoff Hatheway, president of Magic Mountain and managing member of Ski Magic, LLC. “Paul has earned the respect of our staff in not only successfully managing the mountain ope...
SAM Magazine—White Haven, Pa., Aug. 5, 2024—The Pennsylvania Ski Areas Association (PSAA) is rebranding as the Pennsylvania Outdoor Recreation Association (PORA). The new entity will welcome a broad scope of outdoor-focused businesses to its membership and support the state’s outdoor recreation economy by expanding employee education, promoti...
SAM Magazine—Canton, Mass., Aug. 5, 2024—Local investor Geoff Homer has acquired the five-year operating lease for state-owned Blue Hills Ski Area, with plans to grow the Boston-region operation in the coming years. The ski area was previously operated by the management of Campgaw Mountain in New Jersey under the LLC Ski Blue Hills Management....
SAM Magazine—Natick, Mass., Aug. 5, 2024—Voting is now open for the fourth annual Rise Up Challenge, a video contest highlighting a handful of skilled young lift mechanics who will keep chairs spinning at resorts for decades to come. This year, six resorts were chosen to submit a video, each featuring an up-and-coming mechanic from the reso...
SAM Magazine—Jasper, Alberta, Aug. 1, 2024—In an update shared to social media, Marmot Basin confirmed that its infrastructure was left undamaged by the Jasper Complex Wildfire. While the fire still rages uncontained in Jasper National Park, the ski area reassured patrons that it intends to operate this coming winter. “This will take mu...
In SAM’s Snow People, we highlight personnel moves in the mountain resort industry. From resort hires, promotions, and retirements to awards, obits, and supplier news, we celebrate the people that make this industry thrive. PEOPLE: Gardner BeougherGARDNER BEOUGHER, WHITEFISH MOUNTAIN RESORT, MT Gardner Beougher has been appointed as the moun...
SAM Magazine—Rossland, B.C., July 29, 2024—Red Mountain Resort has begun construction on the first phase of the new Red Mountain Bike Park. The resort partnered with Gravity Logic to design and develop the multimillion-dollar lift-accessed bike park. Red Mountain CEO and owner Howard Katkov said the bike park marks "not just a pivotal moment i...
SAM Magazine—Denver, July 29, 2024—Longtime tech industry executive Will Treves has been appointed as the new CEO of Aspenware, effective today. Treves brings 20 years of experience to the role at Aspenware, an e-commerce and digital guest-experience solutions provider for the ski industry that’s co-owned by Alterra Mountain Company and As...
