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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

TechnoAlpin Acquires Johnson Controls Neige

SAM Magazine--April 3, 2012--TechnoAlpin, founded in 1990 in Bolzano (Italy) and a major player in snowmaking, (35% market share in Europe) has just formalized the acquisition of all the activities of Johnson Controls Neige (JCN) in France, Italy and the U.S. JCN is a snowmaking equipment market leader in France with 60% market share and 30% worldw...

 HEADLINE NEWS - Ski Area Management

Cherry Peak Clears Another Hurdle

SAM Magazine--March 30, 2012--According to the Cache Valley Daily, Utah's Cache County Board of Adjustment upheld the planning commission's approval of a conditional use permit for the proposed Cherry Peak Ski Area this week. Logan Checketts, who owns the property where Cherry Peak would operate, was first granted the permit in February, but sev...

 HEADLINE NEWS - Ski Area Management

Control of Belleayre To Go To ORDA

SAM Magazine--March 28, 2012--The NY-state-owned Belleayre Ski Center has found a new overseer with the Olympic Regional Development Authority (ORDA), which operates both Whiteface and Gore Mountain for the State of N.Y. Until now, Belleayre was under the control of the Department of Environmental Conservation. The move is expected to benefit Be...

 HEADLINE NEWS - Ski Area Management

Resorts Refuse to Give Up on Winter

SAM Magazine-Newry, Maine, Mar. 26, 2012-Weather-challenged resorts in the East and West are declaring their commitment to guests by making snow, extending their seasons, or offering free skiing and riding. As most Eastern ski resorts are closing for the season in the wake of last week's unprecedented heat, Sunday River, Sugarloaf, and Loon Moun...

 HEADLINE NEWS - Ski Area Management

Bolton Valley To Sell 1,161 Acres of Terrain

SAM Magazine--March 23, 2012--Bolton Valley, Vt., officials announced that the Vermont Land Trust has signed a contract to purchase the 1,161 acres of terrain that host the Bolton Valley Nordic and backcountry trails. The Vermont Land Trust's purchase price and related expenses is $1,850,000. Because of the property's statewide significance, th...

 HEADLINE NEWS - Ski Area Management

B.C. Approves Jumbo Glacier Resort

SAM Magazine-Invermere, B.C., Mar. 21, 2012-The B.C. government has approved development of the long-stalled Jumbo Glacier Alpine Resort, which could become the country's first year-round glacier-based ski resort if environmental appeals don't cause further delays. The resort will be located in the Purcell Mountains on an old sawmill site, not far ...

 HEADLINE NEWS - Ski Area Management

Colorado Mid-Season Visits Drop

SAM Magazine--March 19, 2012--Colorado Ski Country USA's (CSCUSA) 22 member resorts reported a decrease in skier visitation during the second period of the 2011/12 ski season, which counts skier visitation from January 1 through February 29. During this mid-season time period, skier visits at CSCUSA resorts slipped by 5.2 percent compared to las...

 HEADLINE NEWS - Ski Area Management

USST Athletes Complete Extraordinary Season

SAM Magazine-Park City, Utah, Mar. 16, 2012-The Alpine World Cup finals are still to come, but already USST athletes are primed to conclude one of the most successful seasons in history. The list of accomplishments is quite long: • Lindsey Vonn won her 16th career Audi FIS World Cup title. She also won her 53rd race, fifth-best all-time am...

 HEADLINE NEWS - Ski Area Management

Mt. Ashland Gets Forest Service Permit

SAM Magazine--March 16, 2012--The non-profit organization that runs Mt. Ashland, Ore., the Mt. Ashland Association, was granted the Forest Service permit to operate the ski area. Prior to the Forest Service decision yesterday, the city of Ashland held the permit, but the City Council voted last Fall to give it up in order to have better control ove...

 HEADLINE NEWS - Ski Area Management

Park City Files Lawsuit Against Talisker

SAM Magazine--March 9, 2012--Park City Mountain Resort (PCMR) today filed a lawsuit against Talisker Land Holdings, LLC. The suit seeks to resolve a lease issue. "After extensive and, sadly, unsuccessful negotiations, we reluctantly took the initiative to file this lawsuit," says Jenni Smith, president and general manager of Park City Mountain ...

 HEADLINE NEWS - Ski Area Management

Utah Lawmakers Support Multi-Resort Connection

SAM Magazine-Salt Lake City, Mar. 7, 2012-The Utah legislature has passed a resolution supporting the long-dreamed-of Utah Interconnect, which would link Deer Valley, Park City, Canyons, Alta, Snowbird, Solitude, and Brighton. The resolution passed the Utah State Senate on Mar. 5, 22 to 7, and the House of Representatives on Mar. 6, 58 to 16, large...

 HEADLINE NEWS - Ski Area Management

LSSM Reports Nearly 100,000 Participants in January

SAM Magazine-Washington, D.C., Mar. 7, 2012-Learn to Ski and Snowboard Month (LSSM) 2012 taught nearly 100,000 beginner lessons during January, program organizers estimate, up from 75,000 the previous year, despite a widespread lack of snow. To counter the uncooperative weather, many resorts focused attention on their snowmaking expertise to hel...

 HEADLINE NEWS - Ski Area Management

Magic Sells Out

SAM Magazine--Londonderry, Vt--March 6, 2012--One month after selling its 300th share, the threshold needed to begin the skier-owned Magic Partnership LLC at Magic Mountain was met. The ski area finished raising the maximum shares allowed for the investment with 333 shares sold at a price of $3,000 each for a total of $999,000. Much of this capital...

 HEADLINE NEWS - Ski Area Management

Higher Prices Soften Vail Resorts' Quarterly Profit Fall

SAM Magazine-Broomfield, Colo., Mar. 6, 2012-Vail Resorts (VR) saw its fiscal second-quarter net income drop 15 percent as the mild, low-snow winter kept customers away, especially at its Tahoe resorts. Increased ticket prices and room rates mitigated the drop in visits, or the decline would have been greater. This winter's weather has been espe...

 HEADLINE NEWS - Ski Area Management

Powder Ridge Ski Area May Get New Life

SAM Magazine-Middlefield, Conn., Feb. 24, 2012-The town of Middlefield's Board of Selectmen last week approved a $1 million bid to purchase and reopen Powder Ridge ski area in the latest attempt to revive a hill that has been closed since 2007. The bid was made by the owners of nearby Brownstone Exploration & Discovery Park. Brownstone's managin...