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...
SAM Magazine-LASSM kicked off today with Glen Plake appearing in a segment on The Today Show (see it at www.msnbc.msn.com/id/21134540/vp/34687728#34687728). The four-minute-plus segment shows cohost Hoda Kotb getting a lesson from Plake, along with some pre-tween kids. It also shows a stunt double sliding a rail and catching serious air. All in all...
SAM Magazine--January 4, 2010--Two-time World Champion Lindsey Vonn was named Female Athlete of the Decade by NBC's Universal Sports. Vonn joins Jamaican sprinter Usain Bolt who was chosen best male athlete of the decade. "It's incredible to think about where I was as a person and an athlete in 2000 and then compare that to where I am now, says...
SAM Magazine--Boston, Mass., January 4, 2010--On December 29, 2009, wintersports retailer Ski Market filed for Chapter 11 bankruptcy protection. According to the Boston Globe, Ski Market employs 170 full- and part-time employees in seven retail stores in New England. From April 1, 2008 to March 31, 2009, the retailer reported $22.5 million in gr...
SAM Magazine-Vancouver, B.C., Dec. 29, 2009-Intrawest's current debt negotiations will not have any impact on the upcoming Winter Olympic Games, an Intrawest spokesman emphasized to SAM today. "Our venues are finished, preparations are nearly complete and we look forward to welcoming the world to Vancouver," added Dave Cobb, deputy chief executive ...
SAM Magazine-Denver, Dec. 29, 2009-Iowa Pacific, the company that hoped to keep the Winter Park Ski Train running for a 70th year, has pulled the plug on the operation for 2010. The company has been unable to reach an agreement with Amtrak to operate the train due to insurance and other issues. With service postponed until at least Jan. 6, Iowa Pac...
SAM Magazine-Merrimac, Wisc., Dec. 28, 2009-The primary cause of the lift accident at Devil's Head Resort Dec. 17 was a massive failure of the chairlift's gearbox, according to the resort. Fourteen people were injured when the lift rolled backward after a stop. Exterior of gearbox With the gearbox out of commission, the lift's service brake...
SAM Magazine-Vancouver, B.C., Dec. 28, 2009-Having missed a $524 million payment Dec. 23 on a $1.4 billion loan, Intrawest is continuing negotiations with its lenders, according to The Globe and Mail. Lenders had reportedly granted Intrawest a 60-day extension on the loan, which had been due Oct. 23. "Intrawest continues to be in active dialogue...
SAM Magazine-Juneau, Alaska, Dec. 28, 2009-A refurbished chairlift at Eaglecrest Ski Area was shut down Dec. 23 after only a few days of operation due to a broken shaft on the auxiliary side of the gearbox. Eaglecrest general manager Kirk Duncan said the broken part affected two of the lift's four braking systems, but that safety of the lift was no...
SAM Magazine-Denver, Dec. 28, 2009-The Winter Park Ski Train has been put on hold until at least Jan. 6 after a U.S. district judge declined to issue a temporary restraining order that would have forced Amtrak to operate the Rio Grande Scenic Ski Train between Denver and Winter Park. Iowa Pacific Holdings, which has been trying for months to tak...
SAM Magazine-Denver, Dec. 23, 2009-Winter has emphatically arrived, assuring excellent holiday skiing and snowboarding throughout North America and the European Alps, according to international snow conditions roundups from OnTheSnow.com and skiinfo.co.uk. "This is the first time in a number of years where most all of the world's ski resorts wil...
SAM Magazine-Mont Tremblant, Que., Dec. 21, 2009-Patrice Malo has been promoted to president and chief operating officer at Mont Tremblant. He will assume responsibility for all aspects of resort operations, real estate and community relations at Tremblant and will report directly to Bill Jensen, CEO at Tremblant parent company Intrawest. Malo b...
SAM Magazine-Merrimac, Wisc., Dec. 18, 2009-A team of investigators including state inspectors, tramway experts and staff members of the Devil's Head resort are conducting an investigation into what led to the lift rollback accident at the resort on Thursday evening. Resort general manager Joe Vittengl said that the resort's entire staff was...
SAM Magazine-Mt. Crested Butte, Colo., Dec. 18, 2009-Crested Butte Mountain Resort (CBMR) has filed an appeal with the U.S. Forest Service, disputing the agency's decision last month to reject the resort's proposed expansion onto Snodgrass Mountain without conducting a public review under the National Environmental Policy Act (NEPA). The propose...
SAM Magazine-Merrimac, Wisc., Dec. 18, 2009-At least 14 people were injured in a lift malfunction at Devil's Head Resort, Wisc., three of them seriously though not critically, after a lift rollback incident. The lift, a 1970s Hall double, was full when it stopped and then started to roll back last night at about 7 p.m. All three brake systems fa...
SAM Magazine-Denver, Colo., Dec. 18, 2009-Reservations for mountain lodging properties as of Nov. 30 for the 2009-10 season grew for the second straight month compared to last year, according to the monthly report compiled by the Mountain Travel Research Program (MTRiP). Overall occupancy rose, but still remains behind last year, even though lodgin...