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-Park City, Utah, July 14, 2006-The board of directors of American Skiing Company (ASC) has retained investment advisors to initiate a strategic review of business options for the Steamboat Ski and Resort Corporation, including the potential sale of the resort. "Steamboat's status as a world-renowned destination resort, combined with...
SAM Magazine--Wolf Creek, Colo., July 14, 2006--The Regional Office of the Forest Service upheld the Rio Grande National Forests' April 3rd decision to allow two access roads across Forest Service land that will access developer Red McCombs' proposed village site at Wolf Creek Mountain. Administrative appeals had been brought by Colorado Wild, t...
July 12, Great Britain (Snow Hunter)--The UK's annual Ski Industry Report has been published by leading tour operator Crystal. The Report notes that the British ski market recorded one of its strongest periods of growth last winter, with seven per cent more UK skiers taking a ski holiday abroad than the previous winter. More than 1.15m ski holi...
July 10, Italy/Switzerland (snowHunter)-- For the coming winter season 2006/2007, there'll be a re-launch of the 'International' ski area of Breuil-Cervinia and Valtournenche in Italy and Zermatt in Switzerland with the construction of six new lifts and an increase in the artificial snowmaking cover and therefore a total of 24 lifts in the Breuil...
July 10, France (SnowHunter)--The first half of Compagnie des Alpes' fiscal year (October to March) combines the positive figures of the ski operations with the normally negative figures for the group's growing clutch of leisure parks, since most of the major sites are closed during this accounting period. However, first-half sales up to end Dec...
SAM Magazine-Scranton, Pa., July 11, 2006-Snow Mountain LLC, a consortium of Philadelphia investment bankers, developers, and accountants, has agreed to purchase Montage Mountain Ski Resort from Lackawanna County. Sno Mountain LLC will pay a reported $5.1 million for the resort. Last month the group offered $4.1 million, but increased its offer ...
July 10, Austria (Snow Hunter)--Year Round Skiing Ends at Sölden Sölden in Austria has followed other glacier ski areas like Tignes in France by deciding to end 365 day ski lift opening. The resort previously boasted that one of its twin glacier ski areas, either the Rettenbach or Tiefenbach glacier, was open for skiing on every day of ...
July 10, New Zealand (SnowHunter)--Lake Wanaka Ski Tourism Boost New Zealand's Lake Wanaka is looking forward to an increase in visiting skiers and snowboarders, thanks to a multi-million dollar investment in winter sports infrastructure. Over the last three years, the town's ski areas of Cardrona, Snow Park and Treble Cone have jointly inves...
SAM Magazine-Canmore, Alta., July 8, 2006-Canadian Mountain Holidays helicopter skiing founder Hans Gmoser, 73, died July 5, two days after he broke his neck and was paralyzed in a bicycling accident on the 1A highway near Lake Louise. Gmoser was riding alone when he apparently fell. Gmoser, 73, founded the heli-skiing business in 1965. In recen...
SAM Magazine-Park City, Utah, July 7, 2006-The American Skiing Co. (ASC) is in a legal tussle with Wolf Mountain Resort, from whom ASC leases much of the terrain that makes up The Canyons, over who will control the resort. Wolf has alleged that ASC defaulted on its lease and that Wolf is therefore entitled to repossess the resort. A judge has issue...
SAM Magazine-Lakewood, Colo., June 28, 2006-The National Ski Patrol's board of directors elected Dr. James DeWeerd Jr. as national chairman at the annual board meeting here late last week. DeWeerd is one of five new board members seated Mar. 1, 2006, as a result of the special election held in February. DeWeerd hails from the North Central regio...
SAM Magazine-Lakewood, Colo., June 28, 2006-Mark Dorsey is the new executive director of the Professional Ski Instructors of American (PSIA) and the American Association of Snowboard Instructors (AASI), according to The American Snowsports Education Association (ASEA). Dorsey, previously the assistant executive director, replaces Stephen Over, who ...
SAM Magazine-Killington, Vt., June 20, 2006-Vermont ski areas recorded 4,147,467 skier visits for the 2005-06 season, a nearly 6 percent decline from 4.4 million visits in 2004-05, according to the Vermont Ski Areas Association. Despite the decrease in skier visits, Vermont remains the number three ski state behind Colorado and California, the asso...
SAM Magazine-Champion, Pa., June 19, 2006-After 74 years of ownership, the Dupre family is selling Seven Spring Mountain Resort to another longtime family business from the region, Ogden Newspapers, operated by the Nutting family. Ogden publishes 21 daily newspapers and 20 phone books with a circulation of more than one million households within a ...
SAM Magazine-Steamboat Springs, Colo., June 19, 2006-Colorado resorts tallied 12.53 million visits in 2005-06, more than 500,000 better than the previous record and more than 700,000 better than the prior year, according to Rob Perlman, president of Colorado Ski Country USA (CSCUSA) at the organization's annual meeting here. Perlman noted that r...
