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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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SAM Magazine--Denver, Colo., Jan. 17, 2005--Colorado Ski Country USA (CSCUSA) reports 2,928,353 skier visits for the period from Oct. 15 through Dec. 31, 2004, an increase of 8 percent compared to the same period last year. "We are encouraged by strong patterns in out-of-state visitation for domestic and international markets alike," said Rob P...
SAM Magazine--Salt Lake City, Utah, January 25, 2005--The lift supplier field just got smaller as Doppelmayr CTEC announced its acquisition of certain assets of Partek Ski Lifts, effective January 22, 2005. The acquisition includes the design and manufacturing rights of Partek lift systems, as well as Partek's rights to the older Borvig lift system...
