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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

Wyoming's Sleeping Giant One Step Closer To Wakening

SAM Magazine-Cody, Wyo., Jan. 13, 2009-Wyoming's Sleeping Giant ski area, which has been closed since 2004, has just received a $500,000 grant from the state as the resort seeks to remake itself as a non-profit, community venture. The grant was part of $22 million doled out by the State Loan and Investment Board (SLIB) at its meeting last Thursday ...

 HEADLINE NEWS - Ski Area Management

Road Closures Plague Crystal: Washington resort may reopen on Sunday

SAM Magazine - Crystal Mountain, Wash., January 10, 2009 - With surrounding resorts reopening after warm rains caused havoc to conditions and spiked avalanche danger, Washington's Crystal Mountain remains embattled due to road closures. The Washington Department of Transportation has continued road closures on Highway 410, the only access road to t...

 HEADLINE NEWS - Ski Area Management

Red Lodge Mountain's Robert Drake Talks About Last Summer's Forest Fire

Robert Drake  SAM: You guys had a near miss with a fire this summer, tell us about it. Robert Drake: We did. The Cascade Fire started at the far end of the West Fork Canyon behind the resort and quickly made its way down canyon toward us. It started over the weekend when there are typically not a lot of people on the mountain over the s...

 HEADLINE NEWS - Ski Area Management

Aspen Occupancy Rates Tumble

SAM Magazine-Aspen, Colo., Jan. 9 2008-Following news of declining occupancy rates in Vail, Aspen lodging properties are reporting lower occupancy rates for the holiday season. In Aspen, a soft Christmas week holiday period saw occupancy at just 67 percent compared to last year's 87 percent. Advance reservations are similar reduced. As of the la...

 HEADLINE NEWS - Ski Area Management

Vail Resorts Bookings, Visits Down From Previous Year

SAM Magazine-Vail, Colo., Jan. 9, 2009-Unaudited interim data for Vail Resorts (VR) show season-to-date skier visits for the company's five mountain resorts were down 5.8 percent compared to the prior year. Lift ticket revenues dropped 7.5 percent, including an allocated portion of season pass revenue for each year. Bookings through VR's central re...

 HEADLINE NEWS - Ski Area Management

Avalanches, Road Closures Slam Washington Ski Areas

SAM Magazine-Snoqualmie Pass, Wash., Jan. 8, 2009-Heavy rains and high snow levels have taken a toll on Washington ski resorts, with avalanches, mudslides and floods shuttering resorts and making access roads impassible. At Snoqualmie Pass, rain sparked a 300-foot-wide slide that toppled two lift towers on the resort's Keechelus chairlift. The debr...

 HEADLINE NEWS - Ski Area Management

Snow Trumps Economy, Drives Visits Over Holidays

SAM Magazine-Vail, Colo., Jan. 8 2009-Ski resorts across the U.S. have been reporting strong holiday visits as December snowfall brought out skiers and snowboarders in droves. In Vermont, Okemo Mountain Resort saw skier rise seven percent above of the same Monday-through-Sunday period over the Christmas holiday last year, and six percent ahead o...

 HEADLINE NEWS - Ski Area Management

Avalanches Kill Two on Closed Terrain at Whistler/Blackcomb

SAM Magazine-Whistler, B.C., Jan. 2, 2009-Two separate avalanches-in areas closed due to avalanche danger-have resulted in fatalities at Canada's Whistler/Blackcomb resort. The incidents occurred on separate parts of the resort. In the first case, a 37-year-old Whistler resident died after triggering a Class 2 avalanche with a three-foot crown, ...

 HEADLINE NEWS - Ski Area Management

Major Avalanche Damages Jackson's Bridger Restaurant

SAM Magazine-Jackson Hole, Wyo., Dec. 30, 2008-Routine avalanche control work at Jackson Hole on the resort's Headwall area triggered a substantial avalanche, which damaged the resort's Bridger Restaurant and forced the closure of the ski area's upper lifts. The slide, which occurred at approximately 9:30 a.m. on Dec. 29, was triggered by patroller...

 HEADLINE NEWS - Ski Area Management

Eldora GM Dies In Shooting at Resort

SAM Magazine-Nederland, Colo., Dec. 30, 2008-Eldora Mountain Resort general manager Brian Mahon, 49, was the victim of an apparently random shooting this morning at the resort. The suspect, 24-year-old Derick Bonestroo, a lift attendant at Eldora, fled the scene and was pursued by a Boulder County deputy sheriff. After a brief chase, Bonestroo stop...

 HEADLINE NEWS - Ski Area Management

Okemo, Stratton To Offer Joint Ticket

SAM Magazine - Ludlow, Vt., December 27, 2008 - Vermont Resorts Okemo and Stratton are offering a joint lift ticket product that will enhance the destination visitor experience. The deal allows any purchaser of a three-day lift ticket to use on day at the other resort. The tickets can be purchased separately or as part of each resorts' skiing and l...

 HEADLINE NEWS - Ski Area Management

In-Bounds Slide Claims Squaw Skier

SAM Magazine - Squaw Valley, Calif., December 27, 2008 - In the second in-bounds avalanche fatality of the year, 21-year old Randall Davis died on December 21 after getting separated from a friend and caught in a slide in the Red Dog area. The victim was found by ski patrol who determined Davis had been caught by a slide after finding his ski prot...

 HEADLINE NEWS - Ski Area Management

Pre-Holiday Bookings Show Steep Destination Decline

SAM Magazine-Denver, Dec. 24, 2008-Consumers are holding off on booking vacations to destination resorts, waiting till the last moment to make sure conditions are good and to get the best possible deal, according to Ralf Garrison of MTRiP, the travel tracking clearinghouse. MTRiP data show that bookings slowed dramatically last month. For the 250...

 HEADLINE NEWS - Ski Area Management

Atomic USA Recalls Many 1998-2002 Bindings

SAM Magazine-Ogden, Utah, Dec. 24-Atomic Ski USA, Inc. is carrying out a voluntary precautionary recall of heel components of certain bindings manufactured between 1998 and 2002. This recall applies to the below listed models of the Atomic Race, Xentrix, Device, Centro and Dynamic ski bindings produced between 1998 and 2002. This safety recall i...

 HEADLINE NEWS - Ski Area Management

Blackcomb's Excalibur Gondola Reopens

SAM Magazine-Whistler, B.C., Dec. 24, 2008-Blackcomb's Excalibur Gondola reopened today after the BC Safety Authority reinstated the operating permit for the lower line of the lift. The gondola's tower 4 failed Dec. 16, and repair work was completed Monday. Testing and inspection took place throughout Tuesday in accordance with BC Safety Authority ...