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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

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...

 HEADLINE NEWS - Ski Area Management

Bode Miller Clinches World Cup Title

SAM Magazine--Lenzerheide, Switzerland, March 12, 2005--Bode Miller clinched the overall World Cup title today with a second-place finish in GS . Miller is the first American to win a World Cup overall title in alpine since Phil Mahre and Tamara McKinney in 1983. Outdoor Life Network will have coverage of all the action from World Cup Finals Sun...

 HEADLINE NEWS - Ski Area Management

Ski and Ride Season Near the End in Washington

SAM Magazine--Seattle, Wash., Mar. 11, 2005--The ski and ride season is winding down in Washington state this weekend. Today, only Mission Ridge and Mt. Baker are operating, and both plan to close at least for the midweek period following the weekend. With little prospect for a change in the warm, dry weather that has plagued the Northwest since la...

 HEADLINE NEWS - Ski Area Management

Vail Resorts Posts Strong Second Quarter

SAM Magazine--Vail, Colo., Mar. 10, 2005--Vail Resorts achieved a revenue gain of 7.2 percent in its fiscal second quarter compared to the year-earlier period as both mountain and lodging revenue grew. However, increased expenses served to offset much of the gain. Mountain revenue for the second quarter of fiscal 2005 was $214.2 million, a 7 per...

 HEADLINE NEWS - Ski Area Management

Snow Industry Summit to Provide Industry-Wide Forum

SAM Magazine--Oceanside, Calif., Mar. 4, 2005--The second-ever Snow Industry Summit will focus on growth markets--ethnic Americans, women, kids, and "Generation Active"--Mar. 29-Apr. 1 at Copper Mountain. And it will address the key means of reaching these markets: one-to-one marketing, advertising, websites, and branding, with advice from sources ...

 HEADLINE NEWS - Ski Area Management

January Retail Sales Rise

SAM Magazine--McLean, Va., Mar. 8, 2005--Overall sales for the entire winter sport market (including specialty and chain stores) were up 2.8 percent in dollars to $1.76 billion for the August 2004 through January 2005 period, compared to $1.71 billion reported for the same period last year, according to the SnowSports Industries America (SIA) Retai...

 HEADLINE NEWS - Ski Area Management

Northeast Tops Strong President's Holiday Week Nationwide

SAM Magazine --- Ludlow, Vt., Mar. 1, 2005 --- The snow gods blessed the Northeast for the all-important President's Birthday holiday week, helping to fuel a strong turnaround in resort visits and a solid President's holiday nationwide. However, low snow has continued to dampen visits in the Pacific Northwest. In Vermont, Okemo set single-day, f...

 HEADLINE NEWS - Ski Area Management

Teen charged in ski death

SAM Magazine --- Jackson Hole, Wyo., Mar. 1, 2005 --- A 16-year-old snowboarder was charged with manslaughter Feb. 25 following a fatal collision with a 28-year-old woman at Jackson Hole Mountain Resort, according to published reports. According to the Teton County Sheriff's Office, the crash occurred just after 11 a.m. Feb. 24 near the bottom o...