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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

N.H., N.M. Endured Down Seasons

SAM Magazine-North Woodstock, N.H., June 14, 2006-New Hampshire and New Mexico both saw visitor numbers drop for the 2005-06 season. Weather challenged skiers and riders in the two states. N.H. visits dropping 10 percent from last year's near-record level, to 2,021,098. New Mexico visits tumbled more than 50 percent, to 416,617 visits, down from 95...

 HEADLINE NEWS - Ski Area Management

Tamarack Gets $250 Million Senior Credit Facility

SAM Magazine--June 1, 2006, Donnelly, Idaho--The newest four-season ski area, Tamarack in Idaho, announced the closing of a $250-million senior credit facility arranged by Credit Suisse. The financing allows for reinvestment of the proceeds from real estate sales against a pre-approved business plan for a period of five years, provided that certain...

 HEADLINE NEWS - Ski Area Management

Dana Bullen to Head Sunday River Resort

Newry, Me., May 26, 2006-Dana Bullen has become president and managing director of Sunday River resort in Newry, Maine, effective immediately. He has served as GM of the resort since September 2004 and brings more than 20 years of ski industry and resort management experience to the job. Bullen, who spent several years working his way through the r...

 HEADLINE NEWS - Ski Area Management

NSAA Gets New Chairman and Elects Four New Board Members

SAM Magazine--Marco Island, Fla., May 25, 2006--The National Ski Areas Association (NSAA) got a new chairman when Vail COO Bill Jensen was elected to the position during the national trade show and convention in Marco Island, Florida. Jensen most recently served as vice chairman and will replace outgoing chairman, David Crowley from Wachusett Mount...

 HEADLINE NEWS - Ski Area Management

Record Breaking Year for Skier Visits?

SAM Magazine--Marco Island, Fla., May 25, 2006--The National Ski Areas Association announced that, based on prelimary estimates, national skier visits for the 2005/06 season will set an all-time record at 58.8 million visits. The previous record was set in 2002/03 with 57.6 million visits. Confirmation of the record will be made once all resorts...

 HEADLINE NEWS - Ski Area Management

Apparel and Accessories Paced Strong Retail Season

SAM Magazine-McLean, Va., May 16, 2006-Overall sales for the winter sport market (including specialty and chain stores) rose 4 percent, to $2.3 billion for the August 2005 through March 2006 period, compared to $2.2 billion a year earlier, according to the SIA Retail Audit. Unit sales were up 6 percent. For the season, strong sales through December...

 HEADLINE NEWS - Ski Area Management

Utah Visits Hit New Highs-Again

SAM Magazine-Salt Lake City, May 16, 2006-Utah resorts achieved their third consecutive record-breaking year for skier visits in 2005-06 as they topped 4 million for the first time. Utah skier days are at 4,045,030, up 3.8 percent over the previous season, with Snowbird sure to add a few thousand more before it closes at the end of May. Visits to U...

 HEADLINE NEWS - Ski Area Management

Pacific Northwest Has Stellar Year

SAM Magazine--May, 15, 2006, Oregon--The Pacific Nortwest Ski Areas Association announced that Oregon is on track for a record-breaking year and Washington had its second best. On the heels of one of the worst seasons in memory in 2004/05, great snow conditions allowed areas in the Pacific Northwest to rebound nicely. Oregon still has three areas i...

 HEADLINE NEWS - Ski Area Management

Wildcat For Sale

SAM Magazine--May 12, 2006, New Hampshire--Wildcat Ski Mountain in Pinkham Notch, N.H., is up for sale again. The area features 225 acres of sliding on 47 trails and 2,112 feet of vertical. Accessing the terrain are three triples and a quad. The area operates on a 40-year extendable lease and there are 37 years remaining on the current lease. ...

 HEADLINE NEWS - Ski Area Management

Jesse Boyd New GM at Big Boulder/Jack Frost

SAM Magazine--Blakeslee, Penn., May 12, 2006--Peak Resorts announced that Jesse Boyd will take on the GM position at Big Boulder and Jack Frost ski areas. Peak Resorts took over the operation of both areas during the winter of 2005-06 under the direction of Dave Grenier, executive VP of Peak Resorts. Grenier will continue to be involved with Jesse ...

 HEADLINE NEWS - Ski Area Management

Intrawest Releases Third Quarter Figures

SAM Magazine--May 10, 2006, Vancouver, Canada--Thanks to the sale of real estate holdings at Mammoth Mountain, Intrawest saw its total company EBITDA for the third quarter jump to $136.5 million, up from $109.5 million for the same period last year. (EBITDA stands for earnings before interest, income taxes, non-controlling interest, depreciation an...

 HEADLINE NEWS - Ski Area Management

Bitterroot Resort Hits Another Snag

SAM Magazine--May 8, 2006, Missoula, Montana--It's back to the drawing board for the proposed Bitterroot Resort in Montana. According to published reports, the Forest Service rejected, for the second t ime, a proposal by rancher Tom Maclay to develop Forest Service land above his ranch into a ski resort. Last year, the resort submitted a proposa...

 HEADLINE NEWS - Ski Area Management

Maine Skier Statute Upheld

SAM Magazine--May 8, 2006, Portland, Maine--Maine's assumption of risk law was tested last week when a tuber brought her case all the way to the state's Supreme Court. The Court threw out the lawsuit and upheld the definition of skiing which includes "sliding downhill on snow or ice on skis, toboggan, sled, tube, snowboard..." In its decision, t...

 HEADLINE NEWS - Ski Area Management

DeBoer Family Becomes Sole Owner of Brundage Mountain Resort

SAM Magazine-McCall, Ida., April 28, 2006-Brown's Industries, Inc. and Snowy Peaks, LLC, both owned by long-time Brundage Mountain Company co-owners Judd and Diane DeBoer and their family, have purchased the 50 percent ownership stake previously held by the J.R. Simplot Company. The purchase givefs the DeBoer family full ownership of the resort. ...

 HEADLINE NEWS - Ski Area Management

Bretton Woods To Get New Owners

SAM Magazine-Bretton Woods, N.H., April 28, 2006-The Mount Washington Resort at Bretton Woods, which includes the ski resort as well as the Mount Washington Hotel and golf course, has entered into an agreement with Celebration Associates and CNL Income Properties, Inc., to sell the resort, subject to the completion of further due diligence. U...