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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

Whistler/Blackcomb Earns 2005 Golden Eagle Award

SAM Magazine--Scottsdale Ariz., May 25, 2005--Whistler/Blackcomb earned the 2005 Golden Eagle Award for Overall Environmental Excellence, presented at the NSAA national convention here. The resort, which also won the Golden Eagle in 2003 and is a five-time Silver Eagle award winner, was nominated in four other Silver Eagle categories. Whistler r...

 HEADLINE NEWS - Ski Area Management

Skier Visits Total 56.4 Million for 2004-05

SAM Magazine--Scottsdale, Ariz., May 25, 2005--The National Ski Areas Association (NSAA) estimates 56.4 million skier/snowboarder visits at U.S. ski resorts for the 2004/05 season, based on preliminary results of the Kottke National End of Season Survey. If these figures hold up in the final Kottke report, 2004-05 would be the fourth best season on...

 HEADLINE NEWS - Ski Area Management

SIA Retail Audit Shows Dollar Sales Rise, Units Drop

SAM Magazine--McLean, Va., May 18, 2005--Retail sales at winter sports specialty and chain stores rose 1.9 percent, to $2.25 billion for the August 2004 through March 2005 period, compared to $2.20 billion a year ago, according to the SnowSports Industries America (SIA) Retail Audit. Unit sales dropped 7.8 percent. The trend toward higher-priced me...

 HEADLINE NEWS - Ski Area Management

Utah Smashes All-Time Skier Visit Record

SAM Magazine--Salt Lake City, Utah, May 17, 2005--Thanks to great snow that came early and often, increased marketing efforts and the unfortunate lack of snow in other regions, Utah logged 3,895,578 visits--a new all-time record. The visits represent a 12 percent increase over last year which logged the state's second-most skier visits at 3,386,141...

 HEADLINE NEWS - Ski Area Management

Rock Named GM for Snowshoe Mountain

SAM Magazine--Snowshoe, W.V., May 5, 2005--Bill Rock will become vice president and general manager at Intrawest-owned Snowshoe Mountain effective June 6. Rock moves to Snowshoe from Durango Mountain Resort, where he has been chief operating officer and general manager for the past two years. He replaces Bruce Pittet, who is moving within Intrawest...

 HEADLINE NEWS - Ski Area Management

Atomic Owner to Acquire Salomon

SAM Magazine--Portland, Ore., May 5, 2005--The Amer Group of Finland is acquiring the Salomon winter sports division of Adidas-Salomon for about 485 million euros (approximately $627 million). The deal is expected to be completed by the end of September.   The sale includes Bonfire and Arc'Teryx apparel, Mavic (cycling components) and Cliché ...

 HEADLINE NEWS - Ski Area Management

Crolius Named Publiisher of Primedia's Adventure Sports Network

SAM Magazine--San Clemente, Calif., April 27, 2005--Allen Crolius has been named vice president and group publisher of the four-title Adventure Sports Network (ASN), including Powder and Bike magazines, which is part of the Primedia empire. Crolius is responsible for the business operations of the ASN, and will also assist the larger Action Sports ...

 HEADLINE NEWS - Ski Area Management

Mahanna, Marcus, Roberts, and Rock Earn Coveted SAMMYs

SAM Magazine--Woodbury, Conn., Apr. 21, 2005--Jon Mahanna, Carla Marcus, Jay Roberts, and Bill Rock are the 2005 SAMMY Future Leadership Award recipients, chosen for their accomplishments to date and for their potential for even greater achievements in the future. This is the eighth year for this annual awards program, created by SAM Magazine. A...

 HEADLINE NEWS - Ski Area Management

Northwest Areas Reopen, East Areas Close

SAM Magazine--Stevens Pass, Wash., Apr. 5, 2005--In a fitting end to a winter of wacky weather, several areas in the Pacific Northwest have reopened-some after more than a month of being closed. And in the East, areas that were planning to extend their seasons abruptly called it quits last weekend after warm weather and heavy rains washed the seaso...

 HEADLINE NEWS - Ski Area Management

ASC Sells Haystack Resort for $5 Million

SAM Magazine--Wilmington, Vt., Mar. 31, 2005--American Ski Company (ASC) subsidiary Mount Snow is selling the Haystack ski resort to Tyringham Ridge, Inc. for $5 million. Tyringham also receives a two-year right of first refusal for the Howe farm, which could become a real-estate development in the future. The deal is expected to close later this s...

 HEADLINE NEWS - Ski Area Management

Perkins Miller Joins Intrawest Colorado as Marketing and Sales VP

SAM Magazine--Copper Mountain, Colo., Mar. 29, 2005--Perkins Miller, formerly director of business development for Mountain Sports Media, will become VP of marketing and sales for Intrawest Colorado in mid-April. Miller will assume responsibility for conference and leisure sales, business development, call center operations, corporate partnershi...

 HEADLINE NEWS - Ski Area Management

Colorado Visits Flat in January and February

SAM Magazine--Denver, Mar. 24, 2005--Colorado resorts reported little change in skier visits in January and February compared to the previous year, according to Colorado Ski Country USA (CSCUSA). However, early-season gains place year-to-date visits at 7.9 million, 2.3 percent ahead of 2004. CSCUSA president Rob Perlman said that destination and in...

 HEADLINE NEWS - Ski Area Management

Booth Creek Net Income Drops

SAM Magazine--Vail, Colo., Mar. 24, 2005--Booth Creek Ski Holdings, Inc., reported net income of $1,155,000 for the fiscal quarter ended Jan. 28, 2005, a decrease of more than 90 percent from the $12,482,000 net income in the corresponding period of 2004. The company attributed the sharp drop to the poor season at the Summit areas in Washington sta...

 HEADLINE NEWS - Ski Area Management

Quiksilver to Buy Rossignol

SAM Magazine--Paris, France, Mar. 22, 2005--Quiksilver is buying a majority stake in Rossignol from the controlling Boix-Vives family for 241 million euros ($318 million), paying with cash and shares. The acquisition will create one of the world's biggest suppliers of outdoor clothing and equipment, to be called Quiksilver Rossignol. The two firms ...

 HEADLINE NEWS - Ski Area Management

ASC Loss Increases in Second Fiscal Quarter

SAM Magazine--Park City, Utah, Mar. 18, 2005--American Skiing Company (ASC) reported a $22.1 million net loss for the 14 weeks ended January 30, 2005, compared to a net loss of $21.7 million for the 13 weeks ended January 25, 2004. The loss from resort operations was $21.4 million for the 14 weeks ended January 30, 2005 versus a loss of $17.7 milli...