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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

Freeskier to Launch New Teen Magazine

SAM Magazine--Boulder, Colo., Feb. 16, 2005--Storm Mountain Publishing Company, parent of Freeskier Magazine, is launching a national ski title this fall aimed at the hard-core youth market, ages 12 to18. The new magazine complements Freeskier, which targets skiers ages 18-30 with more diverse editorial. The as-yet-unnamed magazine will have a r...

 HEADLINE NEWS - Ski Area Management

SAM Magazine and Pepsi Host Diversity Summit

STEAMBOAT SPRINGS, Colo. (February 11, 2005) -- From February 2-3, 2005, Ski Area Management (SAM) and Pepsi hosted a small group of senior executives from established corporations in the travel, communication and winter sports industries to discuss the subject of multi-cultural diversity as it relates to winter resorts. Companies and organizations...

 HEADLINE NEWS - Ski Area Management

Northwest Areas Endure Prolonged Snow Drought

Just how bad has it been? The Summit at Snoqualmie and Stevens Pass have operated for three weeks or less for the season. In Oregon and Idaho, areas have fared better--though some areas have been closed for long stretches here, too. Among those operating in early February were Timberline, Mt. Bachelor, Mount Hood Meadows, Mt. Ashland, and Anthon...

 HEADLINE NEWS - Ski Area Management

SIA Retail Audit: August to October sales rose 3.9%

SIN--12/10/03--SIA posted its Retail Audit for the August-October quarter on Tuesday, and it shows a 3.9% sales increase over the same quarter in 2002, based on cash register results at 1085 stores. Ý Specialty stores did very well, doubling sales of ski-and-binding "systems" (thanks largely to a 13% drop in average price) and a 73% rise in ...

 HEADLINE NEWS - Ski Area Management

American Skiing First Quarter Figures Released

SAM Magazine--Park City, Utah, December 10, 2003--This reporter must first confess that she has absolutely no background in financial matters. So, when American Skiing Company released its first quarter figures today with a caveat about the company adopting Statement of Financial Accounting Standards No. 150, "Accounting for Certain Financial Instr...

 HEADLINE NEWS - Ski Area Management

Laurel Sale on Hold

SAM Magazine--Ligonier, Pa., December 16, 2004--A month ago, the owner of Laurel Mountain Ski Resort, George Mowl, announced that he had found a buyer in HomeSpan Financial Group. However, the sale was delayed last week by the untimely death of the president of HomeSpan, John Jones. Both parties claim that the sale will still go through but, in ...

 HEADLINE NEWS - Ski Area Management

Vail Reports First Quarter Numbers

SAM Magazine--Vail, Colo., December 16, 2004--Vail Resorts, Inc., announced its first quarter numbers last week for the fiscal year 2004 (the quarter ended on October 31, 2003) and the news was mixed. It seems expenses outweighed revenue in quite a few areas, though the company claims it is making headway and that the results were better than antic...

 HEADLINE NEWS - Ski Area Management

Jury Awards $17.5 Million in Vail Resorts Suit

SAM Magazine--Vail, Colo., Dec. 17, 2003--A woman and her deceased husband's family won a $17.5 million award yesterday stemming from carbon monoxide poisoning at Vail Resorts' Snake River Lodge and Spa in Jackson Hole, Wyoming, in 2001. The award, the largest personal injury award ever in Wyoming, included compensatory but no punitive damages. Pla...

 HEADLINE NEWS - Ski Area Management

Vail, Intrawest to End Keystone Partnership

SAM Magazine--Vail, Colo., Dec. 24, 2003--Vail Resorts and Intrawest have reached an "amicable agreement" to divide the remaining developable assets, liquidate remaining partnership inventory, and ultimately to dissolve their Keystone development partnership. The partnership stems from Vail Resorts' purchase of Keystone in the mid-1990s, at which t...

 HEADLINE NEWS - Ski Area Management

Kottke Dies Day After Christmas

SAM Magazine--Storrs, Ct., December 29, 2003--Marvin W. Kottke, 80, died of a sudden massive stroke on December 26, 2003. Kottke's work in the ski industry is well known after 14 years of preparing the Kottke End of Season Report for the National Ski Areas Association. Though the report has been assembled by RRC Associates since 1994, it still bear...

 HEADLINE NEWS - Ski Area Management

Christmas Has Its Ups and Down

The East decidedly had it the hardest during Christmas week, but the news gets better out West. Rain on Christmas Eve for southern New England, then temperatures that soared into the 50s and 60s over Christmas and the following weekend, made for a less-than-stellar holiday week for many ski areas in the Northeast. At Ski Bradford, just north of ...

 HEADLINE NEWS - Ski Area Management

Who Owns the Top of Lone Peak?

SAM Magazine--Bozeman, Mont., January 2, 2004--The ownership of the summit of the 11,166-foot Lone Peak, which is home to Big Sky, the Yellowstone Mountain Club and the new Moonlight Basin, is the subject of what is to become a court battle. According to the Billings Gazette, Tim Blixseth, owner of the Yellowstone Club, has filed suit against th...

 HEADLINE NEWS - Ski Area Management

Crested Butte Sale Agreement Complete

SAM Magazine--Ludlow, Vt., Jan. 8, 2004--Tim and Diane Mueller, owners of Triple Peaks, LLC have entered into a Definitive Purchase and Sale Agreement to buy Crested Butte Ski Resort from the Callaway and Walton families, owners of Crested Butte Mountain Ski Resort, LLC and it subsidiaries. The Muellers signed a Letter of Intent for the purchase...

 HEADLINE NEWS - Ski Area Management

Skiers Turned Out Despite Snow, Rain Over Holidays

SAM Magazine--Boulder, Colo., Jan. 7, 2004--Weather--too much snow, too much rain--dampened visits on some days during the Christmas-New Year's period. But the longer-than-usual holiday (from December 20 through January 4) and determinedly upbeat customers made this a strong, and in some instances record, holiday season for many resorts across the ...

 HEADLINE NEWS - Ski Area Management

Park City Drops World Cup

SAM Magazine--Park City, Utah, Jan. 9, 2004--Park City Mountain Resort will no longer host the "America's Opening" World Cup races in November, which has the U.S. Ski and Snowboard Association (USSA) looking for a new host site. "The challenges of an early season date are extraordinary," said Park City president and GM Vern Greco in explaining t...