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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 and Sunday River Partner with Day Areas

SAM Magazine--Carrabasset Valley, Maine, September 24, 2009--Sugarloaf and Sunday River have partnered with three small Maine ski areas to introduce new people to skiing and snowboarding. Lost Valley, Titcomb Mountain and Camden Snow Bowl will offer the $89 Maine Learn to Ski and Ride Card, which is good for three days. On the first day, card carri...

 HEADLINE NEWS - Ski Area Management

Vail Resorts Results Tumbled in Fiscal 2009

SAM Magazine-Broomfield, Colo., Sept. 24, 2009-Vail Resorts reported net income of $49 million for fiscal 2009, down 52 percent from $103 million in 2008. For the year, skier visits fell 5 percent, and ticket revenue was off 8 percent. On the bright side, season pass sales rose by 12 percent, and pass revenue was up 22 percent. CEO Rob Katz said...

 HEADLINE NEWS - Ski Area Management

Loveland Starts Up Snowmaking Operations for 2009-10

SAM Magazine-Georgetown, Colo., Sept. 21, 2009-Cold temperatures and natural snowfall have arrived earlier than expected to the Colorado high country, allowing Loveland Ski Area to officially kick off snowmaking for the 2009-2010 ski season. Loveland started making snow today on three trails that form a top-to-bottom run of 1,000 vertical feet. "Th...

 HEADLINE NEWS - Ski Area Management

Foreclosure Proceedings Against Moonlight Basin Started

SAM Magazine--September 21, 2009--According to published reports, Lehman Brothers Commercial Bank filed papers in Montana seeking a foreclosure on Moonlight Basin. The filing asks that the ski area be sold so that the lenders can recoup $78 million in principal and $8.3 million in interest. Lehman is also seeking the right to bid on the property....

 HEADLINE NEWS - Ski Area Management

Ski News iPhone App Introduced

SAM Magazine--September 21, 2009--InTheSnow magazine has launched a ski news iPhone application. The app is available worldwide to download free from The Apple store and will contain news from all over the world and summaries of the best holiday offers, all updated daily. InTheSnow's news app is edited by Patrick Thorne, a professional ski write...

 HEADLINE NEWS - Ski Area Management

Destination Travel Shows Signs of Stabilizing

SAM Magazine-Denver, Colo., Sept. 21, 2009-While destination resort business in August continued the recent pattern of steep year-to-year declines in visits, future reservations for the fall and early winter increased for only the third month of the past 12, signaling a possible turning point for destination travel, according to data compiled by th...

 HEADLINE NEWS - Ski Area Management

Swiss Resorts Saw Visits Rise in 2008-09

SAM Magazine-Geneva, Switzerland, Sept. 17, 2009-Favorable weather on weekends and holidays trumped the economic slowdown in Europe for Swiss resorts last season, as they reported a 2.2 percent gain in visits from the year prior, and 7.3 percent compared to the previous four seasons. Total skier visits reached 29.3 million. Visitation was up primar...

 HEADLINE NEWS - Ski Area Management

Bolton Valley to Build Wind Turbine

SAM Magazine--Bolton Valley, Vt., September 11, 2009--Bolton Valley Resort announced the construction of a wind turbine that will be operational in late autumn. This will be the first wind turbine at a Vermont ski area. The 121-foot turbine will be located near the top of the resort's Vista Quad lift in an existing clearing adjacent to the ski p...

 HEADLINE NEWS - Ski Area Management

Glen Plake is Spokesperson for Learn a Snow Sport Month

SAM Magazine--Bretton Woods, N.H., September 11, 2009--Organizers of Learn a Snow Sport Month (LASSM) announced that extreme skier and snow sports ambassador Glen Plake will be the official national spokesperson for the initiative that takes place in January 2010. Learn a Snow Sport Month is a public awareness program organized by numerous snow sp...

 HEADLINE NEWS - Ski Area Management

Sundance to Offer Night Skiing

SAM Magazine--Sundance, Utah, September 11, 2009--Beginning December 21, 2009 (weather permitting), Sundance will offer night skiing on the majority of the resort's front mountain for night skiing each Monday, Wednesday, Friday and Saturday throughout the season....

 HEADLINE NEWS - Ski Area Management

Grenier New GM at Paoli Peaks

SAM Magazine--St. Louis, Missouri, September 11, 2009--Peak Resorts announced that Matt Grenier has been named general manager of Paoli Peaks Resort in Paoli, Indiana. Grenier replaces Sean Burton who has left to pursue other interests. Grenier was formally the human resources manager at Snow Creek Resort....

 HEADLINE NEWS - Ski Area Management

Saddleback Announces Education and Recreation Initiative

SAM Magazine--Augusta, Maine, September 11, 2009--On September 9, Governor John Baldacci joined Saddleback Maine to announce Saddleback's new PEAK (Promoting Education and Activity for Kids) Program that rewards Maine's honor roll students with a $49 season pass to the ski area. The program is designed to encourage Maine students to perform well in...

 HEADLINE NEWS - Ski Area Management

Vail to Offer More Value in Ski School, F & B

SAM Magazine-Denver, Colo. - Sept. 4, 2009-Vail CEO Rob Katz introduced a variety of value-oriented moves to be unveiled at the company's five areas this winter. Katz appeared at headquarters of Specialty Sports Ventures (SSV) for the kick-off media event for the annual blockbuster Labor Day retail sales events, held by SSV, co-owned by Vail, and r...

 HEADLINE NEWS - Ski Area Management

Man Dies in Zipline/Chairlift Accident at Heavenly

SAM Magazine-South Lake Tahoe, Calif., Sept. 2, 2009-A 51-year old man died yesterday after he fell from a chairlift. A zipline cable below the chairlift apparently snapped up toward the chair, hit the man and knocked him to the ground 50 feet below. It is not known whether the cable or the fall caused his death. The man was on his honeymoon at ...

 HEADLINE NEWS - Ski Area Management

Liberty Mountain Opens Snowflex Centre

SAM Magazine-Lynchburg, Va., Sept. 2, 2009-The 40,000 square-foot slope at the Liberty Mountain Snowflex Centre here opened Aug. 29, with 3,000 people attending the grand opening. The Centre, part of the sports facilities of Liberty University, itself founded by noted religious leader Jerry Falwell, provides a year-round arena for skiing and riding...