News Search

SAM Headline News

HEADLINE NEWS

FEATURED STORY

  • 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...

    Read More

Get SAM Headline News delivered to your inbox. It's not just another email—it's industry news and special reports that matter to you, coming from the industry's trusted resource. 

GetNewsButton

 

 HEADLINE NEWS - Ski Area Management

Getting Zippy At Wildcat

SAM Magazine - Pinkham Notch, NH, January 8, 2007 - While common in Europe, zip lines are just starting to make inroads in North America. The latest resort that has announced plans to install zip lines is New Hampshire's Wildcat Mountain. Wildcat's zip line , which should be operational by June, will feature two cables, allowing for side-by-side...

 HEADLINE NEWS - Ski Area Management

What Happens To Ski Areas When They Die? They Become Real Estate Plays

SAM Magazine - Steamboat Springs, Colo., January 13, 2007 - Observers of the industry will remember Colorado's Stagecoach ski area. The resort, outside of Steamboat, never got off the ground, although a cat skiing operation did find modest success on the resort's trails in the 1990s. Today, however, the resort is booming, with three times as many h...

 HEADLINE NEWS - Ski Area Management

Evil In The East, Europe Rebounds

SAM Magazine - Vail, Co, January 5, 2007 - The worst on record? That's the question that eastern resort operators are asking themselves as warm temperatures continue to plague ski resorts across the region. With temperatures lingering in the 50's snowmakers are ripping out their hair as Mother Nature continues to stymie their efforts. The latest vi...

 HEADLINE NEWS - Ski Area Management

Kicking Horse Taps Steve Paccagnan as President and GM

SAM Magazine-Golden, B.C., Jan. 4, 2007-Steve Paccagnan will replace Arijann van Vuure as president and general manager of Kicking Horse. Paccagnan, an experienced industry veteran, started his career in 1986 at Panorama Mountain Resort. In 1999, he became GM of Mont Ste. Marie in Quebec. When Intrawest sold Mont Ste. Marie in 2002, Paccagnan re...

 HEADLINE NEWS - Ski Area Management

Consolidation Bug Grips French Resorts

SAM Magazine-Paris, France, Jan. 4, 2007-Consolidation in the resort world is a global phenomenon. In the most recent chapter in Europe, ski resort operator Compagnie des Alpes (CDA) is holding talks with Groupe Sofival and its main shareholders in an attempt to merge the ski area management activities of the two groups. Groupe Sofival is a majo...

 HEADLINE NEWS - Ski Area Management

Vail Honors Former President Ford: Two Runs To Bear His Name

SAM Magazine - Vail, Co., December 30, 2006 - Former President Ford, a fixture at Vail and Beaver Creek resorts, will be honored by having runs named after him at each ski area. Ford, who until his death owned a Beaver Creek residence, was an active skier whose mere presence at Vail and Beaver Creek during his tenure as president did more to market...

 HEADLINE NEWS - Ski Area Management

Alternative Education: New Types of Courses Can Increase Bottom Line

SAM Magazine - Vail, Co., December 30, 2006 - Forget the traditional ski school model. This year more resorts than ever are looking to expand the offerings available through their ski schools, tapping into new customers, some of whom would never consider lessons. While many North American resorts are already beefing up their pipe and park progr...

 HEADLINE NEWS - Ski Area Management

Patrol Strike Averted At The Canyons

SAM Magazine - The Canyons, Utah, December 27, 2006 - The only unionized ski patrol in Utah has come to a tentative agreement with their employers, thus averting a strike over the holiday season. The Canyon's ski patrol, which is represented by the Communications Workers of America, had been working since the resort opened for the 2006-2007 winter ...

 HEADLINE NEWS - Ski Area Management

Vail Annual Meeting Called on Account of Snow

SAM Magazine-Broomfield, Colo., Dec. 20, 2006-Vail Resorts, for whom snow is the raison d'etre, has postponed its annual meeting due to a major winter storm moving across Colorado. The meeting was originally scheduled for Thursday, Dec. 21, but by Wednesday afternoon, heavy snow and wind had brought travel to a standstill. More than a foot of snow ...

 HEADLINE NEWS - Ski Area Management

Intrawest Buys Steamboat for $265 Million

SAM Magazine-Steamboat Springs, Colo., Dec. 19, 2006-Backed by its new owner, Fortress Investment Group, Intrawest is purchasing the Steamboat Ski & Resort Corporation from American Skiing Company (ASC) for $265 million. The eighth most-visited resort in the U.S. in 2006, Steamboat will become the eleventh member of the Intrawest empire if the deal...

 HEADLINE NEWS - Ski Area Management

Most Expensive? Vail Tops Aspen in Lift Ticket Pricing

SAM Magazine-Vail, Colo., Dec. 18, 2006-Call it war, a rip-off or just a good way to pad the bottom line. But whatever you call it, there is no mistaking that for skiers, the two most expensive resorts in Colorado just got a bit pricier. Last week Aspen raised its single-day lift ticket price to $82. This week Vail upped the ante, raising its singl...

 HEADLINE NEWS - Ski Area Management

Goodbye to Italy's Oldest Chairlift

SAM Magazine-Corvara, Italy, Dec. 18, 2006-Listed as "Number 1" in the Italian Registry of Lifts, Corvara's Col Alto chairlift has finally undergone the transformation to a gondola. Installed in 1947, the venerable lift was Italy's first chairlift. It debuted with a capacity of 163 passengers per hour. As time passed, the lift was upgraded, first t...

 HEADLINE NEWS - Ski Area Management

Keystone Offers GPS Treasure Hunts

SAM Magazine-Keystone, Colo., Dec. 18, 2006-Keystone resort has become the first ski area to offer "geocaching." This high-tech treasure hunt challenges players to find hidden "geocaches" that are located via GPS units. "It's a cool way to introduce people to Keystone, as well as a fun kind of adventure for families," resort spokesperson Amy Kemp t...

 HEADLINE NEWS - Ski Area Management

RSN Sold, Purchasers Include CEO of Powdr Corp

SAM Magazine-Portland, Me., Dec. 12, 2006-John Cumming, the CEO of Powdr Corp, which owns Park City Mountain Resort, Alpine Meadows, Mt. Bachelor and Las Vegas Ski & Snowboard Resort, is part of a group which has purchased Resort Sports Network (RSN), the television network dedicated to the creation and distribution of outdoor content in ski resort...

 HEADLINE NEWS - Ski Area Management

Tenney Mountain Won't Open in 2006-07

SAM Magazine-Plymouth, N.H., Dec. 11, 2006-The ownership of Tenney Mountain Ski Resort has decided not to open the ski operation this winter. Instead, it is focusing on future planning for the entire resort including an outdoor adventure partnership plan with Eastern Mountain Sports (EMS). The decision came as the resort management and staff was in...