SAM Magazine--Vail, Colo., August 4, 2004--Vail Resorts' quest to find a buyer has been put on hold, according to a story in the Denver Post and other sources. According to reports, the investment firm of KKR withdrew its bid, and the offer from Texas Pacific Group was well below VR's asking price. Nobody from the companies involved has commente...

SAM Magazine--Sherbrooke, Que., Aug. 3, 2004--Bombardier Recreational Products Inc. is selling its industrial vehicle division, including snow groomers, to Quebec component-maker Camoplast Inc., which produces rubber tracks and components for groomers and other heavy-duty tracked vehicles. Terms of the transaction were not released. The sale is exp...

Vail, Colo., July 30, 2004--Two large buyout firms are finalists in the possible sale of Vail Resorts, according to a report in the Denver Post. Sources have told the paper that Texas Pacific Group and Henry Kravis, a principal in New York investment firm Kohlberg Kravis Roberts (KKR), both submitted proposals this week. Sources said that VR's b...

SAM Magazine--McLean, Va., July 27, 2004--SnowSports Industries America (SIA) has joined the VERB campaign, a program of the Centers for Disease Control and Prevention (CDC) focused on motivating kids ages 9 to 13 to get more physically active. VERB is a comprehensive, multicultural campaign that reaches out via kid-cool advertising, promotion a...

July 29, New Jersey (SnowHunter)--The joint developers of the $1.3 billion Xanadu project in New Jersey, Mills Corp. and Mack-Cali, have launched a website atYÂ¥ www.meadowlandsxanadu.com to showcase their plans. Xanadu would comprise five themed 'districts' over the 104-acre Continental Arena site.YÂ¥ The entertainment district will be the ...

SAM Magazine--Park City, Utah, July 21, 2004--OLN will broadcast 22 hours of original ski and snowboard event programming annually, with multiple re-airings, according to terms of a multi-year agreement between the sports channel and the U.S. Ski and Snowboard Association (USSA). OLN is in 59 million homes and televises events such as the Tour de F...

SAM Magazine--Vail, Colo., July 21, 2004--Vail Resorts has committed approximately $600,000 in cash and in-kind contributions to the Alpino 10,000 Project, which aims to introduce 10,000 Denver-area youth to snowsports in Colorado over the next two years. For each of the 2004-05 and 2005-06 seasons, Vail will contribute $5,000 a year to the Alpi...

SAM Magazine--Lakewood, Colo., July 15, 2004--The ski industry has made substantial progress in its efforts to reduce environmental impacts, according to the Sustainable Slopes Annual Report prepared by the National Ski Areas Association (NSAA). The report is based on information from 62 resorts representing 19 states and three Canadian provinces. ...

SAM Magazine--Copper Mountain, Colo., July 13, 2004--Summit County Commissioners have denied Intrawest's long-term development plan for doubling the size of Copper Mountain after a three-year planning process. Intrawest was seeking land-use approval for 1,155 additional residential units at Copper, beyond the 500 remaining units in its current p...

SAM Magazine--Park City, Utah, July 13, 2004--In a move that entrenches discounted season's passes in the Northeast, American Skiing Co. (ASC) is introducing an All for One Pass valid at the company's six Eastern resorts, at prices ranging from $349 to $599. The passes are based on a similar offer introduced last winter at Attitash Bear Peak and Su...

SAM Magazine--Mont Tremblant, Que., July 13, 2004--Gray Rocks Inn and ski area will close its doors on Oct. 10, marking the first time in a nearly a century that the Gray Rocks Inn will close for the winter and shuttering one of the pioneering ski areas of the region. Owner Phillip Robinson blamed the extreme cold and the general tourism slump f...

SAM Magazine--Ludlow, Vt., July 13, 2004--American Skiing Company (ASC) will pay $5.1 million to settle its lawsuit with Triple Peaks, LLC, stemming from ASC's last-minute termination of the proposed sale of the Steamboat Ski Resort to Triple Peaks in 2001. In return, Triple Peaks has agreed to a full dismissal of all claims relating to the sale. ...

SAM Magazine--Vail, Colo., July 9, 2004--Vail Resorts has been actively seeking a buyer for some or all of its assets, according to reports in the Denver Post and the Vail Daily, based on several unofficial sources in Vail valley. Speculation about a possible sale has also been fueled by a recent runup in the price of Vail stock (currently about $1...

SAM Magazine--Vancouver, B.C., July 7, 2004--Intrawest has acquired an equity interest in the Abercrombie & Kent Group (A&K), a leading luxury adventure-travel company. The companies will offer a range of high-end travel, leisure and vacation experiences at destinations around the globe. Terms of the transaction were not disclosed. Abercrombie &...

SAM Magazine--Wrightwood, Calif., July 6, 2004--Mountain High Resort is purchasing neighboring Ski Sunrise for about $375,000. The sale of the 97-acre area, located about one mile from Mountain High's existing East and West areas, is set for mid-July. Mountain High GM Karl Kapuscinski told SAM that, in the short term, Sunrise will be used as a t...