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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

CNL Acquires Stevens Pass, Kapuscinski to Operate

SAM Magazine-Orlando, Fla., Nov. 18, 2011-CNL Lifestyle Properties, Inc.,has acquired Stevens Pass from New Stevens, LLC for $20.5 million. Stevens Pass Mountain Resort, LLC, an affiliate of Mountain High Resort Associates, LLC, in California, will operate the area under a long-term lease agreement. Karl Kapuscinski of Mountain High will serv...

 HEADLINE NEWS - Ski Area Management

Outdoor Retail Sales Surge, Driven By Apparel

SAM Magazine-Boulder, Colo., Nov. 18, 2011-In a sign of health for outdoor sports, preliminary Outdoor RetailTRAK data from Leisure Trends Group indicate that outdoor retail sales gained 14 percent over October 2010, spurred by especially strong apparel sales. Sales continued on pace with September's record total, as outdoor stores posted largest-e...

 HEADLINE NEWS - Ski Area Management

Gondola Would Connect Canyons, Solitude

SAM Magazine-Park City, Utah, Nov. 17, 2011-Canyons is proposing a groundbreaking gondola to connect Canyons and Solitude resorts and reduce auto traffic between the two. The SkiLink gondola would tie together 6,000 acres of existing terrain. "Studies have reported that SkiLink would decrease canyon traffic by providing an alternative to the 45-...

 HEADLINE NEWS - Ski Area Management

Winter Bookings Heat Up

SAM Magazine--November 17, 2011--Bookings for the upcoming winter season continue a positive trend upward at participating mountain destinations throughout the western U.S., despite mixed economic news and indicators, according to the most recent report by the Mountain Travel Research Program (MTRiP) released yesterday. As of Oct. 31, on-the-books ...

 HEADLINE NEWS - Ski Area Management

Squaw Valley and Alpine Meadows Merger Complete

SAM Magazine--November 16, 2011--The previously announced transaction between KSL Capital Partners and JMA Ventures, which joins Squaw Valley and Alpine Meadows under one operating company, has officially closed. The two resorts will be connected by complimentary shuttles that will provide transportation between the two resorts. Andy Wirth, Squ...

 HEADLINE NEWS - Ski Area Management

SnoCountry Launches eNewsletter, Revamps Website

SAM Magazine-Lebanon, N.H., Nov. 16, 2011-SnoCountry Ski Areas Association is launching SnoNews, a weekly consumer eNewsletter featuring original news and features on skiing, snowboarding, mountain resorts, travel, and lift ticket deals, on Nov .23. SnoNews will email weekly to a list of more than 50,000-and growing-subscribers every week, givin...

 HEADLINE NEWS - Ski Area Management

Western Areas Top List of This Weekend's Openings

SAM Magazine-Park City, Utah, Nov. 16, 2011-A slew of Western resorts are opening this weekend, along with several in the Northeast and a smattering of areas in Canada and the rest of the U.S. Park City is one of four areas in Utah that are starting up the lifts. It will operate three lifts and seven runs, as well as its all-season mountain coas...

 HEADLINE NEWS - Ski Area Management

Copper Opens Ski Team Speed Training Center

SAM Magazine-Frisco, Colo., Nov. 16, 2011-The U.S. Ski Team Speed Center, a long-term partnership between the U.S. Ski and Snowboard Association (USSA) and Copper Mountain Resort, officially opened Tuesday. The early-season facility provides the only full-length downhill training available anywhere in the world during late October and early Nove...

 HEADLINE NEWS - Ski Area Management

Lutsen Gains Water Rights, Needs Long-Term Solution

SAM Magazine-Lutsen, Minn., Nov. 16, 2011-Lutsen Mountains recently gained a variance from the state's department of natural resources (DNR) to draw snowmaking water from the nearby Poplar River, even though the waterway has dropped below minimum flow levels. The decision, which the DNR says only applies for the next three years, has drawn criticis...

 HEADLINE NEWS - Ski Area Management

Active Network Acquires RTP

SAM Magazine-San Diego, Calif., Nov. 14, 2011-The Active Network, Inc., a provider of organization-based cloud computing applications, has acquired enterprise computer services provider RTP. For Active, which has focused primarily on helping organizers manage summer events, RTP "is an excellent complement to our mission of connecting people with th...

 HEADLINE NEWS - Ski Area Management

More Resorts Opening This Weekend

Opening Day at Mammoth Mountain  SAM Magazine-West Vancouver, B.C., Nov. 10, 2011-Cypress Mountain, B.C., opened Nov. 8, its earliest date ever, highlighting a week in which several Western areas are launching the season, along with a few others around the country. La Nina has brought early natural snow to the West Coast, from B.C. down to sou...

 HEADLINE NEWS - Ski Area Management

More Resorts Offer Multi-Area Pass Options

SAM Magazine-Homewood, Calif., Nov. 9, 2011-The multi-area season's pass concept, which gives customers access to other resorts that are not corporately related, has been catching on in recent years. The strategy has been most aggressively pursued by Monarch, with its 26 partners, but many other areas East and West are following Monarch's lead, and...

 HEADLINE NEWS - Ski Area Management

Red Lodge Mountain Resort Adds Magnestick

SAM Magazine-Red Lodge, Mont., Nov. 9, 2011-The installation of the Magnestick system on the Miami Beach chair lift makes Red Lodge the third U.S. resort to adopt it. The system uses an electromagnetic seatback and corresponding vest. The vest, which will be worn by children enrolled in ski and snowboard programs, contains a metal plate that secure...

 HEADLINE NEWS - Ski Area Management

Winter Trails Gears Up for Free XC/Snowshoe Trials Jan. 7

SAM Magazine-McLean, Va., Nov. 9, 2011-The Winter Trails program of Snowsports Industries America (SIA) is hosting educational workshops, animal tracking and a variety of fun activities at its nine anchor site locations on Winter Trails Day, Jan. 7. Winter Trails offers children and adults new to snow sports a chance to try snowshoeing and/or cr...

 HEADLINE NEWS - Ski Area Management

Ski Area Recreation Bill Signed Into Law

SAM Magazine--November 8, 2011--Senator Mark Udall from Colorado announced that President Obama signed the summer recreation bill into law yesterday, November 7. The bipartisan Ski Area Recreational Opportunity Enhancement Act makes a small change to the National Forest Ski Area Permit Act of 1986 to allow the Forest Service to permit ski areas t...