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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

Credit Suisse Sues Tamarack Resort Over Debt

SAM Magazine-Boise, Idaho, Mar. 14, 2008-Investment bank Credit Suisse is suing Tamarack Resort, claiming the resort has failed to repay $262 million in debt and interest. The company is asking the court to foreclose on the property an award it to Credit Suisse; in anticipation of just such a move, Tamarack filed for Chapter 11 bankruptcy protectio...

 HEADLINE NEWS - Ski Area Management

Consumers "Ride 'Em & Rank 'Em" at Wachusett

SAM Magazine-Princeton, Mass., March 14, 2008-Ski and snowboard equipment demos are regular events at ski areas across the country, but none are like Wachusett Mountain's annual "Ride 'Em & Rank 'Em!" No other equipment preview is available for the general public.   Since its inception six years ago, this consumer demo has given Wachuset...

 HEADLINE NEWS - Ski Area Management

Heavenly To Open Longest Zip Line in Continental US

SAM Magazine - Heavenly, Ca., March 14, 2008 - Heavenly Ski Resort has announced the creation of the Heavenly Flyer, the longest zip line in the continental U.S. The year-round ride will propel riders at speeds up to 50 mph and features two separate lines and has a 525 vertical foot drop, matching that of the Space Needle. At 3,300 feet, the Heaven...

 HEADLINE NEWS - Ski Area Management

Resorts Extending the Season

SAM Magazine-Wolf Creek, Colo., March 14, 2008-Colorado Ski resort Wolf Creek and New England area Loon Mountain have joined Monarch Ski Area in extending their seasons. Others, including Jiminy Peak, Mass., are ready to do the same; for now, though, Jiminy is saying only that it will operate "well into April." The reason for lengthening the sea...

 HEADLINE NEWS - Ski Area Management

Kicking Horse Mountain Resort Launches Big Mountain Centre

SAM Magazine - Golden, B.C., March 10, 2008 - Kicking Horse resort in British Columbia has announced the launch of a new "Big Mountain Centre." Scheduled to open March 22, the Centre is an attempt by the resort to improve and enhance the big-mountain skiing and snowboarding educational experience. With sponsorship from Red Bull, Peak Performance, N...

 HEADLINE NEWS - Ski Area Management

U.S. Ski Team Completes Historic Season

SAM Magazine-Bormio, Italy, Mar. 14, 2008-To complete an historic World Cup haul for the U.S., Olympic champion Ted Ligety (Park City, UT) joined Lindsey Vonn (Vail, CO) and Bode Miller (Bretton Woods, NH) as a 2008 World Cup champion Friday. This is the first time three American ski racers have won World Cup titles in the same season. The trio ...

 HEADLINE NEWS - Ski Area Management

Keystone Restaurants Support Sustainable Fishing

SAM Magazine-Keystone, Colo., Mar. 11, 2008-Keystone Resort has expanded its commitment to the environment by serving sustainable seafood at several of its restaurants. Keystone's move will help support the long-term viability of the ocean and individual marine species; according to a recent United Nations report, nearly 25 percent of the world's s...

 HEADLINE NEWS - Ski Area Management

EOS Ventures, SED to Promote Renewable Energy

SAM Magazine-Hancock, Mass., Mar. 11, 2008-EOS Ventures, LLC, co-owned by Jiminy Peak CEO Brian Fairbank, is partnering with Sustainable Energy Developments, Inc. (SED), which installed the wind turbine at Jiminy in the summer of 2007, to promote the development of renewable energy.   "More than three years ago, we embarked on a journey and ...

 HEADLINE NEWS - Ski Area Management

Vail Resorts Blames Poor Early Snow for Quarterly Income Dip

SAM Magazine-Broomfield, Colo., Mar. 10, 2008-Poor early-season conditions and a decline in real estate income led to a three percent drop in Vail Resort's net income in the fiscal second quarter, which ended Jan. 31. The company reported net income of $51.3 million compared with prior year net income of $53 million. The company's flagship resor...

 HEADLINE NEWS - Ski Area Management

Vail Resorts Blames Poor Early Snow for Quarterly Income Dip

SAM Magazine-Broomfield, Colo., Mar. 10, 2008-Vail Resorts officials blamed dismal early-season conditions for a drop in the company's net income in the fiscal second quarter, which ended Jan. 31. The company reported net income of $51.3 million compared with prior year net income of $53 million. The company's flagship resort, Vail, opened appro...

 HEADLINE NEWS - Ski Area Management

Peek'n Peak Names Lempke President

SAM Magazine-Findley Lake, N.Y., Mar. 10, 2008 -Peek'n Peak Resort and Spa has named Steven R. Lempke president of the resort. Lempke will oversee the entire resort with a strong focus on the customer experience.  "I am pleased that Steve has joined the team at Peek'n Peak," said Paul Kiebler, owner of the resort. "He will be an excellent ...

 HEADLINE NEWS - Ski Area Management

Peak Resorts Enters New England Pass Derby

SAM Magazine-Bartlett, N.H., Mar. 10, 2008-Peak Resorts is offering a variety of combination passes at its Northeastern resorts for 2008-09, placing them in competition with the Threedom Pass (Waterville Valley, Bretton Woods, and Cranmore) and New England Pass (Sunday River, Sugarloaf, and Loon Mountain). The Nor'easter Pass ($549 to $849, depe...

 HEADLINE NEWS - Ski Area Management

Deadline Nears for the SAMMY and Diversity Leadership Awards

SAM Magazine--March 6, 2008--Woodbury, CT--Deadline Nears for the SAMMY and Diversity Leadership Awards Time is running out to send in nominations for two important industry awards: the SAMMY Leadership Award and the Diversity Leadership Award. Both awards close at the end of this month, March 31st, 2008. Nominees for the SAMMY Leadership Awa...

 HEADLINE NEWS - Ski Area Management

New England Pass to Compete with Threedom

SAM Magazine-Newry, Maine, Mar. 3, 2008-Loon Mountain, Sunday River and Sugarloaf, all managed by Boyne USA, are offering a three-area New England Pass for the 2008-09 winter season. The New England Pass goes on sale Mar. 7 and offers $50 bonus savings to holders of the three resorts' current multi-area passes, the Threedom Pass (Loon) and Maine Pa...

 HEADLINE NEWS - Ski Area Management

Wolf Creek Extends Season

SAM Magazine-Wolf Creek, Colo., March 3, 2008-Colorado Ski resort Wolf Creek has joined Monarch Ski Area in extending its season. The southern Colorado mountain has more than 41 feet of snow, and has announced that it will remain open through April 27. Daily operations will run through April 13, with the ski area firing up the lifts for two more ad...