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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

Michael Hammes Named GM at Virginia’s Massanutten Resort

SAM Magazine—Massanutten, Va., Feb. 7, 2024—Industry veteran Michael Hammes has been selected as the new general manager and vice president of Massanutten Resort, a four-season resort in Virginia’s Shenandoah Valley. Hammes most recently served as director of base operations at Washington's Summit at Snoqualmie resort, part of the Boyne Res...

 HEADLINE NEWS - Ski Area Management

And the 2024 I AM a Snowmaker Winner is…

SAM Magazine—Mount Snow, Vt., Feb. 6, 2024—Nearly 12,000 votes were cast during the 12-day voting period for the 2024 I AM a Snowmaker contest. This year’s contest showcased eight snowmaking teams from across North America: Brettons Woods, N.H.; Cataloochee Ski Area, N.C.; Copper Mountain, Colo.;  Gore Mountain, N.Y.; Greek Peak, N.Y.; Mammo...

 HEADLINE NEWS - Ski Area Management

Jackson Hole Sale Completed; Ski Area Will Stay in Local Hands

SAM Magazine—Jackson, Wyo., Feb. 5, 2024—The sale of the Jackson Hole Mountain Resort (JMHR) to a local group of investors, initially announced last August, is complete. The Kemmerer family, which has owned the independent ski resort for the last 32 years, officially closed the deal in early February. Financial details were not disclosed. “...

 HEADLINE NEWS - Ski Area Management

Alterra to Acquire Arapahoe Basin

SAM Magazine—Denver, Feb. 5, 2024—Alterra Mountain Company has entered into an agreement to purchase Arapahoe Basin from Dream Unlimited Corp. A-Basin will be Alterra’s 18th North American mountain destination. Toronto-based Dream Unlimited—a multi-billion-dollar real estate development, asset management, and private equity firm—acquired...

 HEADLINE NEWS - Ski Area Management

What's Behind KSL's $3 Billion "Continuation Vehicle" for Alterra?

SAM Magazine—Denver, Feb. 2, 2024—KSL Capital Partners (KSL) closed a "single-asset continuation vehicle" for Alterra Mountain Company in late January, with total commitments of more than $3 billion, KSL said in a press release. What it didn't say, and what many in the industry are speculating about, is what this all means. Let's start with w...

 HEADLINE NEWS - Ski Area Management

NY AG Asks Court to Compel Sale of Shuttered Toggenburg Mountain

SAM Magazine—Fabius, N.Y., Jan. 31, 2024—In a new court filing, New York Attorney General Letitia James has said the owners of Toggenburg Mountain in upstate New York violated the state’s antitrust law by purchasing and shutting down the competing ski area and should be ordered to sell the property. Intermountain Management, which owns Labra...

 HEADLINE NEWS - Ski Area Management

Registration Open for Cutter’s Camp 2024

SAM Magazine—Natick, Mass., Jan. 31, 2024—Registration is now open for the 20th anniversary spring session of Cutter's Camp, May 13-17, 2024, at Timberline, Mt. Hood, Ore. The five-day program for terrain park professionals features on-hill and classroom workshops, one-on-one customized operator coaching, and demos of the latest machines a...

 HEADLINE NEWS - Ski Area Management

ASPEN ONE SUSTAINABILITY REPORT HIGHLIGHTS ADVOCACY, RESEARCH, AND ACTION

SAM Magazine—Aspen, Colo., Jan. 30, 2024—A new sustainability report from Aspen One, the parent company of Aspen Skiing Company, ASPENX, and Aspen Hospitality, highlights the company’s environmental and social responsibility efforts in areas such as political action, research, and philanthropy. The report presents as part educational tool, pa...

 HEADLINE NEWS - Ski Area Management

Vail Resorts Marks Sustainability Progress

SAM Magazine—Broomfield, Colo., Jan. 29, 2024—Vail Resorts marked its second year of 100 percent renewable energy use at its 37 North American resorts and made strides in landfill waste reduction and energy efficiency company-wide, according to its 2022-23 Environmental & Social Responsibility Report. The report assesses the company’s pr...

 HEADLINE NEWS - Ski Area Management

Heavenly Launches Probe After Guest Gets Stuck Overnight on Gondola

UPDATE: SAM Magazine—South Lake Tahoe, Calif., Jan 31, 2024— Following an internal investigation, Heavenly COO Tom Fortune has taken responsibility for the circumstances that led to a female snowboarder being stranded overnight on the ski area’s gondola. “I am responsible for all aspects of mountain operations, including the safety of our...

 HEADLINE NEWS - Ski Area Management

A Discussion with Outgoing Gunstock GM Tom Day

SAM Magazine—Gilford, N.H., Jan. 26, 2024—Tom Day, who began his career in the ski industry as a lift attendant at New Hampshire’s Waterville Valley in 1978, plans to retire from his post as general manager of Gunstock Mountain Resort at the end of the current ski season. SAM recently chatted with Day for an informal “exit interview” abou...

 HEADLINE NEWS - Ski Area Management

Consumer Shows: Growth-Bound with Snowbound

There's a new sheriff in Showville, and he wants to reshape the place. Raccoon Media Group has brought its entertainment-oriented consumer show format to Boston and is doubling down on the concept, pioneered in its National Snow Show in the U.K. The company has been pleased with the reception it has had in Boston with Snowbound, its new show, in th...

 HEADLINE NEWS - Ski Area Management

Sleeping Giant Owner Tells SAM Weather, Snowmaking, and Worker Issues Led to Shutdown

SAM Magazine—Cody, Wyo., Jan. 24, 2024—Sleeping Giant Ski Area won’t awaken from its slumber for the 2023-24 season.Sleeping Giant Live Cam Hit by the combination of a crippled snowmaking system and an unprecedented lack of natural snow, Sleeping Giant will not open this year, resort owner Nick Piazza announced on Jan. 12 after a hoped-for J...

 HEADLINE NEWS - Ski Area Management

2024 “I AM A SNOWMAKER” VOTING IS NOW OPEN

SAM Magazine—Natick, Mass., Jan. 22, 2024—Online voting for the 2024 “I AM a Snowmaker” contest is now open through midnight (EST) on Friday, Feb. 2. Since it debuted the winter of 2013-14, the annual I AM contest—sponsored by HKD Snowmakers—has highlighted the hard work, determination, and camaraderie of snowmakers, recognizing how cri...

 HEADLINE NEWS - Ski Area Management

Snow People—January 2024

In SAM’s Snow People, we highlight recent personnel moves that have been made in the mountain resort industry. From resort hires, promotions, and retirements to supplier news, awards and obits, we celebrate the people that make this industry thrive. PEOPLE TOM DAY, GUNSTOCK, NH Gunstock general manager Tom Day will retire following the 2023-24...