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...
SAM Magazine—Olympic Valley, Calif., Jan. 27, 2023—A mix of snowstorms and sunshine brought travel delays and bluebird days to the NSAA Western Winter Conference, hosted at Palisades Tahoe. See more images in the slideshow below.More than 650 operators and suppliers attended the Jan. 17-18 event, which offered networking opportunities and educa...
SAM Magazine—Big Bear Lake, Calif., Jan. 20, 2023—Alterra Mountain Company has closed on its acquisition of Southern California’s Snow Valley Mountain Resort. Snow Valley will join the operations of Alterra’s Big Bear Mountain Resort, located 11 miles away in Big Bear Lake, which includes the Bear Mountain and Snow Summit ski areas. “T...
SAM Magazine—Brian Head, Utah, Jan. 20, 2023—Development and construction are currently underway for Aspen Meadows, a new master-planned community and expansion at Brian Head Resort.Long Meadows at Aspen Meadows overlooking Brian Head Resort. Photography Credit Mike Saemisch, Brian Head, Utah The project includes expanded skiable terrain, addi...
SAM Magazine—Broomfield, Colo., Jan. 19, 2023—Vail Resorts experienced gains in visits and ticket revenue and is up substantially in ancillary revenue year-over-year across its North American portfolio for the season-to-date period ending Jan. 8, 2023. Total skier visits were up 12.5 percent, and total lift ticket revenue, including a portio...
SAM Magazine—Winter Park, Colo., Jan. 18, 2023—An impressive booking pace during December—more than double the pace of the year prior—significantly boosted December and January arrivals at Western destinations, according to the most recent Market Briefing released by DestiMetrics, part of the business intelligence division of Inntopia. Aspe...
SAM Magazine—Montville, N.J., Jan. 16, 2023—SNOW Partners has appointed Dave Belin as its new chief financial officer for all its related businesses, effective Jan. 30, 2023. SNOW Partners is the parent company of growth and conversion program SNOW Operating, ski areas Mountain Creek Resort and Big SNOW American Dream in New Jersey, and technol...
SAM Magazine—Steamboat Springs, Colo., Jan. 13, 2023—Chris Diamond, former Steamboat Ski Resort president and author of seminal industry text Ski Inc., died Jan. 12, 2023, from pancreatic cancer. He was 76 years old. Diamond had a long, influential career in the industry. He got his start in 1972, fresh off a tour in Vietnam with the U.S...
SAM Magazine—Terrebonne, Quebec, Jan. 12, 2023—Quebec ski areas welcomed 6.3 million skier visits in 2021-22, the second highest total in the last 10 seasons and a 2.7 percent increase compared to the previous year, according to financial results released today by the Quebec Ski Areas Association (ASSQ). The organization attributed much of the ...
SAM Magazine—Carrabassett Valley, Maine, Jan. 12, 2023—Sugarloaf received key approvals from the United States Army Corps of Engineers and the Maine Department of Environmental Protection to begin work on its massive, 450-acre West Mountain expansion, which will include a new a high-speed detachable quad, 12 new alpine trails with snowmaking, a...
SAM Magazine—Durango, Colo., Jan. 12, 2023—Mountain Capital Partners (MCP) has agreed to become the majority owner of Valle Nevado, Chile, the largest ski resort in the Americas by acreage. The acquisition is MCP’s first international resort and eleventh ski area. Founded in 1988, Valle Nevado is located in the Andes 37 miles from Santiago, ...
SAM Magazine—Beaupré, Québec, Jan. 10, 2023—The Quebec Building Authority (RBQ) cleared four of Mont-Sainte-Anne’s (MSA) chairlifts to reopen on Jan. 8, but not the gondola. The resort closed after an unoccupied gondola cabin detached from the line and fell to the ground prior to opening on Dec. 10, 2022, the latest in a series of lift malf...
SAM Magazine—Natick, Mass., Jan. 6, 2023—Rollercoaster weather across the country, from recording breaking snowfall in California to 60-degree temps in Vermont, presented operational challenges for mountain resorts across the country.Courtesy of Sugar Mountain Despite some operational disruptions, though, many operators are reporting strong, an...
SAM Magazine—Natick, Mass., Jan. 6, 2023—Record-breaking warmth has taken a toll on European mountain resorts over the holiday period and into the new year. A Jan. 6 screen capture from the webcam at the top of Mont Chéry at Les Gets, France.While the season began with cooler temps and mid-December snow in the Alps and elsewhere, rain and high...
SAM Magazine—Natick, Mass., Jan. 6, 2023—Nearly 1,800 votes were cast in the 16th annual SAM Terrain Park Contest, in which a total of 60 resort-submitted entries from mountain resorts around the globe competed for the top spot in one of the four contest categories: features, events, edits, and—new this year—park crew. The votes have been ...
SAM Magazine—Calabogie, Ontario, Jan. 4, 2023—Early Tuesday morning, a fire engulfed the snowmaking pump house at Calabogie Peaks, shuttering the ski area for the day for safety reasons. No one was injured and no other structures were affected, according to a statement. Calabogie reopened for operations today. “Thank goodness nobody has ...
