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-Aspen, Colo., June 9, 2008-Aspen Skiing Company will open the top of Aspen Mountain for skiing this weekend, June 13-15. The top of the mountain still sports three feet of snow as the traditional summer operating season begins. The resort will offer seven runs and about 45 acres of mostly intermediate terrain served by the Ajax Express...
SAM Magazine-Park City, Utah, June 5, 2008-Nick Badami, a visionary leader who helped make Park City Mountain Resort a world-class resort, died June 4 at his house in Tucson, Ariz., surrounded by family. He was 87. "We are deeply saddened to lose such an inspirational mentor and strong leader who made significant contributions to the ski indu...
SAM Magazine - Broomfield, Colo., June 5, 2008 - Vail executives are smiling after the company posted strong results in the third quarter. For 2008, the company posted record third quarter resort revenues of $369.3 million, 4.8 percent over 2007's record results. Net income was a record $87.3 million, 11.3 percent over 2007. Strong snowfall thr...
SAM Magazine - Wolf Creek, Colo., June 5, 2008 - Wolf Creek ski area has settled a lawsuit with an adjacent property owner who plans to develop the land next to the ski area out of court. The ski area was opposed to the development. The project, headed by Billy Joe "Red" McCombs, one of the founders of Clear Channel Communications, consists of a...
SAM Magazine-Vancouver, B.C., June 3, 2008-Intrawest's selection of Bill Jensen as CEO, announced last January, becomes effective today. In addition, the company has named Brian Collins president, with initial responsibility for the company's real estate operations. Jensen brings to Intrawest 35 years of ski industry experience and a demonstrate...
SAM Magazine-Vail, Colo., June 2, 2008-In yet another headline-making move, Vail Resorts has axed the company's relationship with Colorado Ski Country USA (CSCUSA), the non-profit marketing group which represents the state's ski industry. CSCUSA plans to continue operations on behalf of its 22 remaining members, but with a much smaller budget. R...
SAM Magazine-Snowbird, Utah, June 2, 2008-On the heels of an epic winter, it should come as no surprise that Snowbird is adding more days to its season, which is shaping up to be one of the longest in North America. The resort will now stay open through Sunday, June 15, for weekend skiing and riding. "Consistent snowfall throughout the winter p...
SAM Magazine-Schladming, Austria., June 2, 2008-This Austrian resort outpolled Vail/Beaver Creek and will host the 2013 Alpine World Ski Championships. The decision emerged from the FIS 46th International Ski Congress in Cape Town, South Africa. Schladming defeated competing bids from St. Moritz, Switzerland and Cortina, Italy, in addition to Vail....
SAM Magazine-Vail, Colo., June 2, 2008-Vail Resorts has recently mandated across-the-board cuts in energy use of at least 10 percent for all departments by 2010. In a company memo, CEO Rob Katz said, "The issue of energy usage needs to be a company-wide imperative. Now, when you waste energy, you are not only impacting the environment and squand...
SAM Magazine-Mt. Crested Butte, Colo., June 2, 2008-Crested Butte Mountain Resort (CBMR) is making several changes in key management positions as part of a restructuring of the company, including the departure of vice president and general manager Randy Barrett. "Randy will step down as general manager as we look to make changes in our managemen...
SAM Magazine-Mammoth Lakes, Calif., May 27, 2008-Mammoth Mountain has eliminated 15 primarily middle-management positions, cutting the year-round workforce by five percent. The job cuts are expected to save the company approximately $1 million in benefits and salaries, and were, according to resort officials, a response to the weakening economy. Th...
SAM Magazine-Dubai, UAE, May 27, 2008-Ski Dubai, the indoor skiing center in the most unlikely of locations, has hosted its two-millionth visitor, reaching the mark after just two and a half years of operation. "It was very exciting for us to welcome our two millionth customer here," said Mike Mahoney, GM at Ski Dubai. "The figure proves that we...
SAM Magazine-Revelstoke, B.C., May 27, 2008-The first season was a good one for Canada's newest resort. Revelstoke Mountain ceased winter operations on April 27, chalking up 44 percent more skier visits than expected. Selkirk Tangiers Helicopter Skiing, owned by the resort, also posted strong numbers, with skier visits up 20 percent. Revelstoke...
SAM Magazine-Minturn, Colo., May 27, 2008-Residents of this small mountain town between Vail and Beaver Creek voted 87 percent in favor of development of a private ski and golf resort outside of the community. The ski resort and golf community, a project spearheaded by the Ginn Company, will feature approximately 1,700 homes and condos, an 18-hole ...
SAM Magazine-Mammoth Lakes, Calif., May 26, 2008-Skiers and snowboarders have one more week to enjoy spring conditions at Mammoth Mountain. Cool temperatures and a foot of fresh snow over the Memorial Day holiday spurred the resort to stay open anothr week, through June 1. "I know this is very last minute, but so was the snow," said Mammoth M...