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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 Golf Course Gets Top 100 Honors

SAM Magazine - Carrabassett Valley, ME., April 11, 2007 - Sugarloaf is a great place to ski, but it sure isn't bad when it comes to golf, either. According to Golf Digest, the resort's Robert Trent Jones, Jr.-designed course clocks in at number 45 on the magazine's 100 Greatest Public Golf Courses for 2007-2008. In addition, Sugarloaf took the "bes...

 HEADLINE NEWS - Ski Area Management

Nyberg Steps Down at Prinoth; Company Restructures

SAM Magazine--April 10, 2007--Chris Nyberg is stepping down from his VP position at Prinoth to pursue other opportunities. As a result, the company has restructured its staff. Jim Coughlin, the Northeast USA regional manager has been promoted to director, Eastern North America sales and after sales support. Peter Craig, Mid Atlantic product represe...

 HEADLINE NEWS - Ski Area Management

Peak Purchase of Mount Snow, Attitash Final

SAM Magazine-St, Louis, Mo., Apr. 5, 2007-Peak Resorts has closed on the purchase of Mount Snow and Attitash resorts from American Skiing Company. The sale agreement, announced on Feb. 16, includes all properties and assets of Mount Snow and Attitash resorts, for a purchase price of $73.5 million. In addition, Peak Resorts assumed approximately $2 ...

 HEADLINE NEWS - Ski Area Management

High Stakes in Snowbowl Snowmaking Battle

SAM Magazine-Flagstaff, Ariz., April 4, 2007-The battle over snowmaking continues at Arizona Snowbowl, where resort operators have proposed to use reclaimed water to make snow. A recent 9th Circuit Court of Appeals ruling overturned a previous decision that would have allowed Snowbowl to move forward with its upgrade proposal. The Court's decision ...

 HEADLINE NEWS - Ski Area Management

Revelstoke Real Estate Revs Up

SAM Magazine-Revelstoke, B.C., Apr. 4, 2007-Real Estate is hot at Revelstoke Mountain Resort, and the boom seems to be just starting. The mountain, based outside of the logging and mining town of Revelstoke, will feature North America's longest vertical drop, over 6,000 feet, upon completion. In addition to the skiing, the resort will have a compre...

 HEADLINE NEWS - Ski Area Management

Too Little, Too Late in Europe?

SAM Magazine-Valle di Fassa, Italy, Apr. 4, 2007-It's probably too late to save the European ski season, which suffered through some of the worst opening months in history, but snow is finally falling in many parts of the Alps, including Italy. The Trentino region in particular is scoring late-season storms, which have dropped between 20 and 50 cen...

 HEADLINE NEWS - Ski Area Management

Homewood Buys Alpine Meadows

SAM Magazine-Tahoe City, Calif., Apr. 4, 2007-Powdr Corp. has agreed to sell Alpine Meadows ski resort to JMA Ventures, the owner of Homewood Mountain Resort. The transaction is expected to become final in June, pending Forest Service approval and the usual closing considerations. The purchase price has not been disclosed. If completed, the sale...

 HEADLINE NEWS - Ski Area Management

McCarthy Leaves Vail to Develop Russian Resort

SAM Magazine-Breckenridge, Colo., Apr. 3, 2007-Roger McCarthy, chief operating officer of Vail Resorts' Breckenridge mountain resort and co-president of VR's mountain division, has resigned effective May 4, 2007. McCarthy will be joining the Russian private investment company, Interros, to develop a new ski resort, Rosa Khutor, located near the cit...

 HEADLINE NEWS - Ski Area Management

O'Donnell Wins Industry Achievement Award

SAM Magazine-Whistler, B.C., Mar. 30, 2007-The Mountain Travel Symposium (MTS) has named Patrick O'Donnell, former president of Aspen Skiing Company, the winner of its first Mountain Travel Industry Achievement Award for his long-time activism and leadership in environmental protection in the ski industry and his "unique and especially meaningful c...

 HEADLINE NEWS - Ski Area Management

Copper Teams Up With National Forest Foundation To Award First Ever SCP Grants

SAM Magazine - Copper Mountain, CO., March 23, 2007 - Three local conservation groups have been chosen by Copper Mountain and the National Forest Foundation (NFF) as the first ever recipients of the Ski Area Contribution Program (SCP) grants. The program raises funds through a partnership with Copper's lodging guests and matching donations from the...

 HEADLINE NEWS - Ski Area Management

Apparel Cushions Retail Sales Slide

SAM Magazine-McLean, Va., Mar. 23, 2007-Snowsports retail sales at specialty stores declined 3 percent for the August through January period this year compared to the prior season, according to the SnowSports Industries America (SIA) Retail Audit. Sales totaled $1.37 billion compared to $1.41 billion in 2006 as an 8 percent gain in apparel sales he...

 HEADLINE NEWS - Ski Area Management

$6.6 Million Investment Highlights Perisher Blue's 2007-2008 Season

SAM Magazine - Perisher Valley, Australia, March 20, 2007 - Australian ski resort Perisher Blue has pumped $6.6 million (AUD) into improvements for the 2007-2008 season. Highlights include a $3.6 million (AUD) investment in snowmaking and water supply infrastructure and the purchase additional grooming equipment including a Kassbohrer Pisten Bully ...

 HEADLINE NEWS - Ski Area Management

East Roars Back: Epic spring storms make for extended seasons

SAM Magazine-Killington, Vt., Mar. 20, 2007-What a difference a month or two can make. With consistent late spring snowstorms coating the East Coast, conditions are finally up to par after a miserable early and middle of the season. In fact, conditions are so good that some resorts are extending the season. One of these is Pico Mountain. "With s...

 HEADLINE NEWS - Ski Area Management

Express Chair to Replace Vail's Chair 10

SAM Magazine -Vail, Colo., Mar. 20, 2007-As local bumpers will no doubt lament, Vail Resorts is replacing yet another vestige of the past, Vail's fixed-grip Chair 10, with a high-speed quad this summer. The new lift will provide a faster way to reach China Bowl and thus increase traffic in what has been a mogul skier's paradise. The old chair, w...

 HEADLINE NEWS - Ski Area Management

Montezuma A Go At A-Basin

SAM Magazine-Arapahoe Basin, Colo., Mar. 20, 2007-Not much has changed at Colorado's Arapahoe Basin since the resort opened in 1946. A few runs cut, some new lifts, a revamped base lodge. But the Basin is about to become a lot bigger. Last week the resort received approval for a 400-acre expansion that will substantially improve the intermediate te...