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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

Sugarloaf Lift Reopens

SAM Magazine--February 22, 2011--Sugarloaf reopened its Spillway East lift yesterday after closing it in late December after a derailment, which inured eight. The Maine State Board of Elevator and Tramway Safety reinstated the lift's operating license on Monday after a load test was performed on Friday, February 18. The cause of the derailment t...

 HEADLINE NEWS - Ski Area Management

Eldora Offers Free Skiing to Other Areas' Ticket Holders

SAM Magazine-Nederland, Colo., Feb. 21, 2011-Beginning today, Eldora Mountain Resort is offering a free day of skiing or riding to anyone who has a lift ticket or a season pass from any other ski area. The offer is designed to introduce Eldora to Colorado skiers and riders. "We've come to realize just how many skiers and snowboarders in Colorado...

 HEADLINE NEWS - Ski Area Management

Destination Travel Extends Its Rebound

SAM Magazine-The upward trend in lodging occupancy at major Western mountain destinations continued for January, with average occupancy up 5.8 percent compared to a year ago, according to the Mountain Travel Research Program (MTRiP). The figures are based on reports from 265 property management companies in 15 mountain destinations in Colorado, Uta...

 HEADLINE NEWS - Ski Area Management

Leitner Acquires Lenko

SAM Magazine--February 14, 2011--Leitner Technologies has purchased 100 percent of the Swedish company Lenko Snow AB, Inc. along with developing an active participation with the South Tyrolean snowmaking company Demac. The purchase of Lenko includes its Austrian, Italian, U.S. and Canadian subsidiaries including a facility in Queensbury, New York. ...

 HEADLINE NEWS - Ski Area Management

Denver Hosts Rousing SIA Snow Show

SAM Magazine-Denver, Feb. 2, 2011-The energy level was high at the 2011 SIA Snow Show here last week, reflecting a record-setting retail season that has drawn down inventories to the bare-wall level for many city and suburban stores. The shelf cleaning coincides with a major shift in hard goods, with rocker skis and snowboards on the rise, along wi...

 HEADLINE NEWS - Ski Area Management

Intrawest Plans Move to Denver

SAM Magazine-Denver, Feb. 2, 2011-Intrawest is moving its headquarters to the Denver metro area in the coming off-season. An internal memo informed the company's Vancouver employees of the plan last week. While the memo said the move will take place by the end of 2011, the transition could begin as early as July, SAM has learned. Since Intrawest...

 HEADLINE NEWS - Ski Area Management

Cutter's Camp Registration Opens

SAM Magazine-Woodbury, Conn., Feb. 1, 2011-Cutter's Camp has opened registration for both of this year's sessions, at Mount Snow, Vt., April 4-8 and Timberline, Mt. Hood, Ore., May 9-13. Space will be filled on a first-come, first-served basis. Registration is processed on SAM's website at www.cutterscamp.com For the past eight years, Cutter's ...

 HEADLINE NEWS - Ski Area Management

Major Personnel Moves

SAM Magazine--January 28, 2011--After 29 years of employment at Northstar-at-Tahoe, Julie Maurer has resigned and accepted a position as VP of marketing and sales for Squaw Valley, USA. Powdr Corp today announced the promotion of Tim Brennwald to senior vice president and chief development officer. Brennwald, a 24-year ski industry veteran, h...

 HEADLINE NEWS - Ski Area Management

Big Powderhorn Is Back in Business After Fire

SAM Magazine--Bessemer, Mich., Jan. 17, 2011--In the wake of a fire that destroyed the main lodge at Big Powderhorn last Thursday, the resort has relocated all business, including ticket sales and gear rentals, to the Caribou Lodge at the area. The area was back in operation less than 24 hours after the fire, in fact. While the fire destroyed 10...

 HEADLINE NEWS - Ski Area Management

December Outdoor Retail Sales Set Record

SAM Magazine-Boulder, Colo., Jan. 14, 2011-Holiday outdoor sales surged to a record-breaking $1.1 billion in December, according to preliminary outdoor retail sales figures reported by Leisure Trends Group. Sales not only rebounded 13 percent from last December, but topped the December 2008 record by 8 percent. The strong holiday results pushed tot...

 HEADLINE NEWS - Ski Area Management

Hussey to Direct Rikert Touring Center

SAM Magazine-Middlebury, Vt., Jan. 14, 2011-Mike Hussey has accepted the position of director of the Carroll and Jane Rikert Ski Touring Center at Middlebury College, starting after this season. Hussey is a 17-year veteran of HKD Snowmakers, where he played "an integral role in building the company, brand and reputation," said HKD's Ian Jarrett. ...

 HEADLINE NEWS - Ski Area Management

Fire at Powderhorn Destroys Lodge

SAM Magazine--January 13, 2011--This morning, January 13, 2011, the Big Powderhorn lodge burned in a huge fire, reports the Midwest Ski Areas Association (MSAA). MSAA released an e-mail at 2:30 p.m. local Michigan time, saying the fire is still burning. Causes are unknown at this time. Likely a total loss, the base lodge included administ...

 HEADLINE NEWS - Ski Area Management

Belleayre Freebies Rile Neighbors

SAM Magazine-Albany, N.Y., Jan. 11, 2011-Three privately-owned neighbors of state-owned Belleayre Mountain in the Catskills are crying foul over the number of free lift tickets Belleayre makes available to gain visits, often at the expense of the private areas. Hunter Mountain and Windham Mountain used the state Freedom of Information Law to unc...

 HEADLINE NEWS - Ski Area Management

Winter Trails Draws Strong Turnout

SAM Magazine-McLean, Va., Jan. 12, 2011-Winter Trails, a series of free, learn-to events for snowshoe and cross-country organized by Snowsports Industries America (SIA), drew good crowds to more than 80 local events across the country on Saturday, Jan. 8. Favorable weather in almost every part of the country helped boost attendance at comparable ev...

 HEADLINE NEWS - Ski Area Management

Judge Sends Tamarack Bankruptcy to State Court

SAM Magazine-Boise, Idaho, Jan. 12, 2011-Judge Terry Myers has removed Tamarack Resort from federal Chapter 11 bankruptcy protection and sent the dispute over the resort's future back to state court. What this means for the area's long-term future is not immediately clear. A potential buyer has bid $40 million for the resort. But Credit Suisse, ...