News Search

SAM Headline News

HEADLINE NEWS

FEATURED STORY

  • 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...

    Read More

Get SAM Headline News delivered to your inbox. It's not just another email—it's industry news and special reports that matter to you, coming from the industry's trusted resource. 

GetNewsButton

 

 HEADLINE NEWS - Ski Area Management

Brian Head For Sale

SAM Magazine--March 26, 2010--Brian Head Resort in southwestern Utah is on the block with an asking price of $34.75 million. According to CB Richard Ellis' Land Services Group, the company that has the listing, Brian Head averages 141,000 skier visits and total revenue from ski operations averaged more than $6.8 million over the past three years. E...

 HEADLINE NEWS - Ski Area Management

Squaw to Host Ski Patrol Olympics This April

SAM Magazine-Squaw Valley, Calif., Mar. 25, 2010- In honor of the 50th anniversary of the 1960 Squaw Valley Olympic Winter Games, Squaw Valley USA is hosting the first-ever U.S. Professional Ski Patrol Olympics Apr. 16 to 18, 2010. This will be the first time that ski patrollers from across the continent have gathered for one epic competition, with...

 HEADLINE NEWS - Ski Area Management

Mont Orford Can be Bought for $1

SAM Magazine--Quebec City, Quebec, March 25, 2010--Mont Orford, which is owned by the provincial government of Quebec, is on the block for $1. The catch? The buyer would have to put down a security deposit of $4 million and commit to running the resort and golf course for five years. As well, the government would still own the 1,100 acres. Accor...

 HEADLINE NEWS - Ski Area Management

Cohee to Acquire Sierra Summit

SAM Magazine-Fresno, Calif., Mar. 19, 2010-Industry veteran Tim Cohee has signed an agreement to purchase Sierra Summit. The acquisition, which is expected to close by Apr. 30, will return Cohee to the area where he began his career nearly 30 years ago. Purchase price is said to be just under $4 million. Cohee, who has been an executive at Kirkw...

 HEADLINE NEWS - Ski Area Management

Judge Declares Tamarack Resort Bankrupt

SAM Magazine-Boise, Idaho, Mar. 19, 2010-A federal judge has declared Tamarack Resort bankrupt. The decision will allow newly named trustee Jeremy Gugino to begin liquidating the resort's assets and pay off creditors. Liquidation is expected to be a lengthy process. One major complication: Tamarack's largest creditor, Credit Suisse, is moving in...

 HEADLINE NEWS - Ski Area Management

Wasatch Lifty Invitational Enters Second Year

SAM Magazine-Park City, Utah, Mar. 19, 2010-Park City Mountain Resort, The Canyons Resort and Deer Valley Resort are hosting their 2nd annual Wasatch Backside Lifty Invitational (WBLI) Mar. 29-Apr. 2, 2010. The event is held "to recognize the hard work of our lift operations teams," said Jeff Marzka, lift operations manager at Park City Mountain Re...

 HEADLINE NEWS - Ski Area Management

Destination Bookings Trending Slowly Up

SAM Magazine-Denver, Mar. 16, 2010-Lodging occupancy through February nudged up a scant 0.03 percent ahead of last season, continuing a very slow trend toward growth, according to the most recent Mountain Travel Research Program report. This "indicates the reversal of a long term down cycle," noted Ralf Garrison, founder and director of MTRiP. The ...

 HEADLINE NEWS - Ski Area Management

It's Deal Time for Season Passes

SAM Magazine-Denver, Mar. 16, 2010-Resorts in highly competitive markets continue to offer discounted passes with early-purchase incentives for 2010-11, often at 2009-10 prices. Many of these offers include additional perks, from discounted tickets for friends or summer activities to lodging and dining discounts. In Colorado, the Rocky Mountain ...

 HEADLINE NEWS - Ski Area Management

Chile's Nevados de Chillan Escaped Major Quake Damage

SAM Magazine-Chillan, Chile, Mar. 12, 2010-The Nevados de Chillan resort, and the hotel and conference center known as Termas de Chillan, experienced only minor damage from the earthquake, SAM has learned, and preparations for the upcoming season were not affected. The Chillan resort was the closest to the earthquake epicenter, about 110 miles, of ...

 HEADLINE NEWS - Ski Area Management

CSCUSA Sees Slowdown in Skier Visits

SAM Magazine-Denver, Mar. 11, 2010-Colorado Ski Country USA (CSCUSA) member ski areas saw visits dip 4 percent durin January and February compared to the same period last year. This puts visits for the season to date down 2 percent. After an encouraging start to the season, visitation slowed in January, as snowfall lagged across a large part ...

 HEADLINE NEWS - Ski Area Management

SIA Hit Six-Year Attendance High at 2010 Snow Show

SAM Magazine-McLean, Va., Mar. 11, 2010-A total of 18,932 attendees gave the SnowSports Industries America (SIA) Snow Show its greatest attendance in six years, according to SIA. The show, with more than 3,100 booths representing 845 snow sports brands, was held at Denver's Colorado Convention Center Jan. 28-31 for the first time, after a 37-year r...

 HEADLINE NEWS - Ski Area Management

Vail Resorts Second Quarter Results Reflect Flat Visits

SAM Magazine-Broomfield, Colo., Mar.10, 2010-Vail Resorts (VR) reported mixed second-quarter results today, as a slight gain in mountain operations was offset by a slight decline in lodging revenues and a virtual absence of real estate activity this year compared to last, due primarily to the timing of real estate closings. Overall, the results sho...

 HEADLINE NEWS - Ski Area Management

Vail Resorts Expands Season's Pass Options

SAM Magazine-Broomfield, Colo., Mar. 10, 2010-Vail Resorts (VR) is continuing its popular season's pass programs and adding a new Epic 7-Pack as well as an unrestricted pass to Keystone and Arapahoe Basin. The Epic 7-Pack ($449) is a seven-day unrestricted ticket valid at Vail Resorts' five mountain resorts and Arapahoe Basin, about a 35 percent...

 HEADLINE NEWS - Ski Area Management

Snowsports Retail Sales Flat in January

SAM Magazine-McLean, Va., Mar. 9, 2010-Snow Sports market sales reached $2.26 billion in January, eking out a .4 percent gain in dollars sold compared with the dismal August through January period a year ago, according to the SnowSports Industries America (SIA) Retail Audit Report released today. Fewer carryover sales, coupled with more purchases o...

 HEADLINE NEWS - Ski Area Management

Borvig 1975-1982 Grips Subject of Service Bulletin

SAM Magazine-Pine Island, N.Y., Mar. 9, 2010-Partek has issued a service bulletin for Borvig lifts manufactured from 1975 to 1982. Affected chair grips from this era must be removed from service in stages due to issues with the jaw area on the main grip body. The bulk of these grips were supplied on Borvig lifts from 1976-1980; some lifts built in ...