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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

Burke Mountain Groupon Offer Nets 600 Sales

SAM Magazine-East Burke, Vt., Dec. 3, 2010-In the first of what could be a wave of online deals this season, Burke Mountain sold 600 day tickets on Tuesday, Nov. 30, through discount coupon e-tailer Groupon as the "daily deal" in the Boston area. The Burke offer was a $26 discount off the full day ticket of $66, or $24 discount off the half-day ...

 HEADLINE NEWS - Ski Area Management

NSAA Conversion Cup Focuses on New Customers

SAM Magazine-Lakewood, Colo., Nov. 29, 2010-In an effort to keep winter resorts focused on the need to attract and retain newcomers to skiing and riding, the National Ski Areas Association (NSAA) has launched the Conversion Cup Challenge, which recognizes resorts' efforts to create lifelong skiers and riders. NSAA has been calling on member ski ...

 HEADLINE NEWS - Ski Area Management

KSL Capital to Purchase Squaw Valley

SAM Magazine-Olympic Valley, Calif., Nov. 23, 2010-KSL Capital Partners, LLC has entered into an agreement to acquire substantially all of the shares of The Squaw Valley Development Company, which includes all facets of Squaw Valley USA ski operations, the Village at Squaw Valley and related real estate holdings. The transaction is expected to clos...

 HEADLINE NEWS - Ski Area Management

Tenney To Be Auctioned

SAM Magazine--November 17, 2010--Tenney Mountain, N.H., will go to auction on December 15. The area owes $170,000 in back taxes dating back to 2008. According to the auction company (www.jospehfinn.com), not only is the ski area land up for grabs, which consists of 445 acres, but two other lots will be auctioned at the same time--a 39.48-acre undev...

 HEADLINE NEWS - Ski Area Management

Tamarack Passes Yet Another Hurdle

SAM Magazine--November 17, 2010--The Idaho Land Board approved a deal between the Tamarack Municipal Association and primary creditor Credit Suisse to continue the resort's state lease deal through June 2011. According to the Idaho Statesman, a bankruptcy court still must approve the deal that would allow Tamarack to open for a 15-week season. ...

 HEADLINE NEWS - Ski Area Management

Bill Rock Named COO at Northstar-at-Tahoe

SAM Magazine--November 18, 2010--Vail Resorts, Inc., announced the appointment of Bill Rock as the new COO of Northstar-at-Tahoe, Calif. Rock will assume responsibility for all mountain and village operations associated with the resort and report directly to Blaise Carrig, co-president of Vail Resorts' mountain division. Rock was most recently p...

 HEADLINE NEWS - Ski Area Management

Bode Miller to Serve as Ambassador for LSSM

SAM Magazine--November 16, 2010-- Olympic Gold Medal skier will join Glen Plake as Ambassador for Learn to Ski and Snowboard month (LSSM). With five Olympic medals, two overall World Cup titles and four Discipline titles, Miller will provide a recognizable face to the campaign. LSSM will take place during January and is a national initiative to...

 HEADLINE NEWS - Ski Area Management

Pope Endorses Skiing

SAM Magazine--November 16, 2010--During a visit to the Vatican by a group of ski instructors, Pope Benedict XVI praised skiing as one way that, "man recognizes the greatness of God." According to published reports, the Pope said that the sport of skiing teaches, "constancy in reaching objectives, respecting the rules, and tenacity in facing up t...

 HEADLINE NEWS - Ski Area Management

Kapuscinski Gains Full Control Of Mountain High

SAM Magazine-Wrightwood, Calif., Nov. 15, 2010-Karl Kapuscinski, president and CEO of Mountain High Resort Associates LLC, has purchased all remaining shares in the Mountain High Resort tenant-operator firm, making him the sole owner of the company that leases the resort from CNL Lifestyle Properties. Kapuscinski is entering his fifteenth season as...

 HEADLINE NEWS - Ski Area Management

SIA Snow Show Exhibit Space Sold Out

SAM Magazine-McLean, Va., Nov. 11, 2010-SnowSports Industries America (SIA) said today it has out its exhibit booth space for the upcoming 2011 SIA Snow Show, Jan. 27-30 at the Colorado Convention Center in Denver. The show is expected to draw more than 18,000 attendees including snow sports suppliers, retailers, reps, athletes and professionals. M...

 HEADLINE NEWS - Ski Area Management

Russell Named Interim Chair of B77 Committee

SAM Magazine-Lakewood, Colo., Nov. 9, 2010-Maynard Russell of MRC Services, Greenville, Maine, has been named interim chair of the ANSI ASC B77 Standards Committee for the next 12 to 24 months. The National Ski Areas Association (NSAA), acting as the Secretariat for the ANSI ASC B77 Standards Committee on Passenger Ropeways, announced the appointme...

 HEADLINE NEWS - Ski Area Management

Tamarack Homeowners Pass Key Hurdle

SAM Magazine-Donnelly, Idaho, Nov. 9, 2010-The Tamarack Municipal Association (TMA) has reached an agreement with creditor Credit Suisse, the Idaho Department of Lands, and the equity holders of the resort to allow payment of a land lease that is a key part of TMA's effort to open the resort to skiing and snowboarding next month. TMA, the associ...

 HEADLINE NEWS - Ski Area Management

Mt Abram Launches Premier Race Program

SAM Magazine-Greenwood, Maine, Nov. 9, 2010-Mt Abram Resort is launching a non-academy race program, Le Club de Sport LaVallee/Parisien. The program will promote high school and middle school ski racing and help those athletes reach their full potential and grow in alpine racing. It will supplement and support the athlete's school program and coach...

 HEADLINE NEWS - Ski Area Management

More Areas Open for This Weekend

SAM Magazine-Frisco, Colo., Nov. 5, 2010-Keystone Resort and Copper Mountain opened today, adding to the growing list of areas that are now open for the season. In Canada, Lake Louise became the first area to open. Wolf Creek, Colo., opened for the season last Saturday, and Killington joined the group on Nov. 2. The Colorado areas were aided by ...

 HEADLINE NEWS - Ski Area Management

SIA Rental Survey Highlights Increase in Demos

SAM Magazine-McLean, Va., Nov. 5, 2010-About one-third of all skiers and riders on the mountain are on rental equipment, according to rental shop operators who took part in the 2010 Rental Equipment Survey conducted by Snowsports Industries America (SIA). Increasingly, those customers are looking for high-end demo equipment. As a result, more than ...