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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—Zanesfield, Ohio, June 26, 2023—Vail Resorts has promoted Alajos (Al) Fiel to the role of general manager of Mad River Mountain.
SAM Magazine—Franconia Notch, N.H., June 23, 2023—State-owned Cannon Mountain, which is part of Franconia Notch State Park, can move forward with major improvements to its iconic aerial tramway after the state legislature approved an $18 million appropriation to the Department of Natural and Cultural Resources (DNCR) to fund “maintenance and ...
SAM Magazine—Stowe, Vt., June 22, 2023—Vail Resorts has named Shannon Buhler as the new vice president and general manager of Stowe Mountain Resort. She begins July 17. Buhler most recently served as senior director of mountain operations at Vail Resorts-owned Northstar California near Lake Tahoe. In a media release, Vail Resorts Eastern Regio...
SAM Magazine—Burke, Vt., June 22, 2023—An unnamed bidder has made an offer of an undisclosed amount to buy Burke Mountain Resort, according to a filing by Michael Goldberg, the court-appointed receiver in charge of overseeing the ski area. Goldberg will continue to seek other qualified buyers, according to VT Digger. If a matching or higher ...
In SAM’s Snow People, we highlight recent personnel moves that have been made in the mountain resort industry. From resort hires, promotions, and retirements to supplier news, awards and obits, we celebrate the people that make this industry thrive. PEOPLE LAUREN BURKE, MT. BACHELOR, OR Mt. Bachelor has hired Lauren Burke as director of market...
SAM Magazine—Natick, Mass., June 15, 2023—SAM's 13th Summer Ops Camp—an immersive, hands-on networking and educational event—is heading to Steamboat, Colo., Sept. 10-12, 2023. This year’s camp curriculum will offer attendees a spectacular mountain environment and engaging activities. We’ll explore the positive effects of communit...
SAM Magazine—Montville, N.J., June 15, 2023—Snow Partners promoted Jeff Boliba to the newly formed role of chief growth officer. As CGO, Boliba will oversee strategic partnerships and future growth across SNOW Partners’ businesses, which include Big SNOW American Dream and Mountain Creek, N.J., SnowCloud, SNO-GO, and SNOW Operating. Boliba...
SAM Magazine—Highmount, N.Y., June 14, 2023—A number of new capital upgrades including two new lifts and a 4,000-square-foot addition to the Longhouse Lodge are in the planning stages at Belleayre Mountain Ski Center after the New York Olympic Regional Development Authority (ORDA) released its 2023 Unit Management Plan Amendment (UMPA). The rel...
SAM Magazine—Winter Park, Colo., June 14, 2023—Lodging properties at western mountain destinations are facing a more price-sensitive customer this summer, according to the latest Market Briefing from DestiMetrics, part of the business intelligence division of Inntopia. Data collected through May 31 from 17 mountain destinations in seven states ...
SAM Magazine—Broomfield, Colo., June 13, 2023—Vail Resorts showed strong visits and revenues for the fiscal third quarter ended April 30. That helped offset soft early-season, weather-related results in the Northeast and Tahoe regions, according the company. VR also reported that early season pass sales for 2023-24 were up 6 percent in units a...
SAM Magazine—Montpelier, Vt., June 9, 2023—Vermont’s 27 alpine ski areas reported 4.1 million skier visits for the 2022-23 winter season, a 10 percent increase over the 2021-22 season and 3.6 percent above the 10-year average, according trade association Ski Vermont, which said the Green Mountain State saw the fourth-most visitation of any U....
SAM Magazine—Boyne Falls, Mich., June 9, 2023—Boyne Resorts named Matt Davies as president and general manager of Cypress Mountain, West Vancouver, B.C. Davies started in the role June 1. He is responsible for growth and overall performance as well as long-term planning and development. Davies reports to Jay Scambio, Boyne Resorts COO of day re...
SAM Magazine—Farmington, Maine, June 9, 2023—Despite a late start to winter and fairly lean natural snowfall, Maine ski areas saw 1,372,128 skier visits during the 2022-23 winter season. It’s the second most total visits in the state’s history behind only 2007-08, which had 1,426,543 skier visits during an above-average snow year. Ski Ma...
SAM Magazine—Denver, June 9, 2023—Colorado Ski Country USA (CSCUSA) is projecting a new statewide record of 14.8 million skier visits during the 2022-23 winter season, beating the record set in 2021-22 by one million visits, or 8 percent. The 2022-23 projected statewide total exceeds the five-year average for skier visits in Colorado by 18 perc...
SAM Magazine—Salt Lake City, Utah, June 8, 2023—Qualifying paralympic ski and snowboard racers will see their names on the official roster of the U.S. Ski and Snowboard team (USSS) for the first time beginning with the 2023-24 season. Sophie Goldschmidt, USSS president and CEO, told SAM that her team started working with the U.S. Olympic and Pa...
