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

Denver Parks Department To Create Urban Terrain Park

SAM Magazine - Denver, Co, November 7, 2006 - It's a gutsy, innovative move that could change the face of skiing and snowboarding. It's also the kind of bold action that you'd expect from Denver Mayor John Hickenlooper, who made his fortune as an entrepreneur in the restaurant business. Hickenlooper was the most famous face among many city of De...

 HEADLINE NEWS - Ski Area Management

Peek 'n Peak Announces $280 Million in Improvements

SAM Magazine--Findley Lake, N.Y., November 6, 2006--The new ownership group of New York's Peek'n Peak Resort and Conference Center expects to pump massive infusions of cash into the resort over the next ten years. The investment is part of a revitalization plan for the resort implemented by Kiebler Recreation, LLC and Kiebler Properties. The group,...

 HEADLINE NEWS - Ski Area Management

Surprise First Opening in New England

SAM Magazine--Woodbury, CT, November 6, 2006--It may come as a surprise to those enjoying some balmy fall days in New England, but the region is open for skiing, courtesy of plucky Woodbury ski area, which pulled out all the snowmaking stops to open on Friday. With man-made conditions and a solid base, the ski area clocked a record attendance on it...

 HEADLINE NEWS - Ski Area Management

No Early Opening for Eclipse

SAM Magazine--Idaho Springs, CO, November 6, 2006--Colorado's Clear Creek County has delayed a crucial planning meeting on the rezoning of the former St. Mary's ski area and the opening of the new Eclipse ski resort on the property. Eclipse, which is headed by Michael Coors of the Coors brewing dynasty, hopes to open this winter. The County Plannin...

 HEADLINE NEWS - Ski Area Management

Four Colorado Areas Lead Early-Opening Parade

SAM Magazine-Denver, Nov. 2, 2006-A series of early storms have allowed Colorado resorts to get the jump on the ski season. Currently Loveland, Arapahoe Basin, Wolf Creek and Copper Mountain are open, with more resorts planning to fire up the lifts soon-including Keystone tomorrow. The state benefited from substantial October snowfall, which left u...

 HEADLINE NEWS - Ski Area Management

Intrawest CEO Houssian Retires; Wasilov Moves Up

SAM Magazine-Vancouver, Nov. 2, 2006-Joe Houssian, Intrawest founder and CEO, is retiring, and Intrawest president and chief operating officer Alex Wasilov replaces him effective immediately. Wasilov, who joined Intrawest two years ago, will report to Fortress Investment Group CEO Wes Edens and managing director Bill Doniger. Houssian will serve in...

 HEADLINE NEWS - Ski Area Management

Bender Promoted to CEO of Seven Springs

SAM Magazine - Champion,Pa, October 31, 2006 - Scott L. Bender has been promoted to the Chief Executive Officer position at Pennsylvania's Seven Springs Mountain Resort. A familiar face in the organization - he has been employed with the resort since 1983 - Bender's prior positions include President, Chief Operations Officer and Chairman of the Bo...

 HEADLINE NEWS - Ski Area Management

American Skiing Co. Reports Greater Income, Smaller Loss in 2006

SAM Magazine-Park City, Utah, Oct. 30, 2006-American Skiing Company cited strong season pass sales, continued growth at The Canyons resort, and excellent performance at Steamboat resort as factors behind a record-setting revenue year. Significantly, ASC also made payment in full of the principal balances of all real estate-related debt as a result ...

 HEADLINE NEWS - Ski Area Management

The Greening Of White: Renewable Energy Movement Accelerates

SAM Magazine - Lakewood, CO, October 30, 2006 - Alpine Meadows, Calif., Grand Targhee, Wyo., and Middlebury College Snow Bowl, Vt., have recently joined 16 other ski areas that are offsetting 100 percent of their energy use by purchasing renewable energy. Together, these 19 resorts are purchasing 258,574,498 kWh of green energy and their purchases ...

 HEADLINE NEWS - Ski Area Management

Magic Gets New Owners

SAM Magazine--Londonderry, VT, October 26, 2006--Magic Mountain is set to open for the 2006/2007 season under a new ownership group which has revamped several aspects of the resort. The group, JLS Magic LLC, a partnership headed by Jim Sullivan, agreed to purchase the resort from Magic Mountain Management LLC. Although the deal is expected to be fi...

 HEADLINE NEWS - Ski Area Management

SMI Goes Small

SAM Magazine - Midland, MI, October, 26, 2006 - Snowmaking equipment manufacturer Snow Machines, Inc. (SMI) has introduced the quietest, lightest design in its more than 35-year history, the SMI Kid PoleCat. In addition, the machine also is light, and, according to manufacturers, has a delivery capability and throw of up to 100 feet, making it idea...

 HEADLINE NEWS - Ski Area Management

Big Plans for Haystack as a Private Club

SAM Magazine - Wilmington, VT, October 26, 2006 - Vermont's Haystack Ski Area is on its way to becoming a private club. The ski area, which was sold approximately one year ago by the American Skiing Company to a group of local business people, is slated to undergo a five-year, $450 million dollar makeover, including new lifts and 100 percent snowma...

 HEADLINE NEWS - Ski Area Management

Magic Gets New Owners

SAM Magazine--Londonderry, VT, October 26, 2006--Magic Mountain is set to open for the 2006/2007 season under a new ownership group which has revamped several aspects of the resort. The group, JLS Magic LLC, a partnership headed by Jim Sullivan, agreed to purchase the resort from Magic Mountain Management LLC. Although the deal is expected to be fi...

 HEADLINE NEWS - Ski Area Management

Alta Hops On Green Wagon

SAM Magazine- Alta, Utah, October 25, 2006 - Alta ski resort has committed to purchasing 900,000 kilowatt-hours (kwh) of renewable energy over the next 12-month period. The purchase will offset more than 23 percent of the ski resort's annual energy usage. The move marks the latest effort by the Utah resort to limit the environmental impacts of...

 HEADLINE NEWS - Ski Area Management

Mt. Hood Meadows Under New Management

Founder Of Mt. Hood Retires SAM Magazine-Mt. Hood, OR, October 25, 2006-The founder of Mt. Hood Meadows Resort, Franklin Drake, has announced that he is turning management of the resort over to his two protegees. Drake, who was the president/CEO of Mt. Hood Meadows Ski Resort in addition to the founder of the ski area, has managed the mountain s...