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—Broomfield, Colo., April 21, 2023—While Vail Resorts reported mixed second quarter results in March, with visits up but earnings down from the prior year for the November to January period, results in March and April have improved as expected, according to the company’s latest ski season metrics. Vail Resorts reported skier vi...
SAM Magazine—Whistler, British Columbia, April 21, 2023—Vail Resorts has appointed Belinda Trembath as vice president and chief operating officer of Whistler Blackcomb, effective May 15. Trembath most recently served as vice president and general manager at Perisher, Australia. "Belinda is dedicated to ensuring the preservation of unique mo...
SAM Magazine—Grand Junction, Colo., April 20, 2023—Leitner-Poma of America (LPOA), will build a $27 million manufacturing facility in Tooele, Utah, about 35 miles southwest of Salt Lake City. The new facility, scheduled to be completed by 2024, will be LPOA’s largest facility in the country at more than 130,000 square feet, and will serve as ...
SAM Magazine—Winter Park, Colo., April 18, 2023—Widespread snowstorms in March had skiers and riders eagerly booking end-of-season Western mountain vacations, according to the monthly Market Briefing from DestiMetrics, part of the business intelligence division of Inntopia. But the summer season is headed in an entirely different direction, the...
SAM Magazine—Natick, Mass., April 17, 2023—The nomination period is now open for SAM’s annual “10 Under 30.” Members of the mountain resort industry are invited to nominate a standout 20-something-year-old who is making an impact at the ski area where they work and is poised to become a leader in the industry. The chosen 10 rising sta...
SAM Magazine—Taos Ski Valley, N.M., April 13, 2023—Taos Ski Valley promoted vice president of operations John Kelly to chief operating officer. As COO, Kelly will expand his purview to oversee all aspects of the day-to-day operation of the resort, with a focus on enhancing the year-round Taos experience. Among Kelly’s initial projects will ...
SAM Magazine—Denver, Colo., April 13, 2023—Alyeska Resort, located 40 miles south of Anchorage, Alaska, has joined the Ikon Pass for the 2023-24 season. The Ikon Pass offers access to 56 ski resorts in the U.S and internationally. “We are thrilled to expand into Alaska and invite the Ikon Pass community to discover Alyeska Resort,” said E...
SAM Magazine—Las Vegas, Nev., April 13, 2023—Mountain Capital Partners (MCP) has acquired Lee Canyon ski resort, located about 50 miles northwest of Las Vegas, from Powdr Corporation and local partner, the Thomas family. Lee Canyon brings MCP’s ski resort portfolio to 10 properties, including Colorado’s Purgatory Resort and Hesperus ski are...
SAM Magazine—Grand County, CO—April 10, 2023—Sales of the 2023-24 Indy Pass have been suspended after the volume of renewals and purchases by new passholders exceeded expectations. The pass had only been available to new customers for 10 days. Officials plan to reassess their sales goals in terms of volume and capacity. “We’re metering...
SAM Magazine—Natick, Mass., April 7, 2023—The four individuals being recognized with 2023 SAMMY Leadership Awards demonstrate the innovative thinking, collaborative spirit, and transparent leadership needed to guide our industry through its next evolution. This year’s honorees are: Preston Cline, safety advocate; Nadia Pepin, champion of comm...
SAM Magazine—Sheridan, Wyo., April 7, 2023—Four Antelope Butte Foundation (ABF) board members have resigned this week, three citing safety concerns regarding operation of the Antelope Butte Mountain Recreation Area (ABMRA) Summit lift on the mountain’s closing weekend, according to a news release from ABMRA. The Summit lift did not operate...
SAM Magazine—Slinger, Wis., April 6, 2023—Little Switzerland will permanently close its summer bike park because of increased insurance costs. In a statement posted to its social media accounts, the company stated, “Our insurance company has dropped coverage of the bike park, and alternative insurance options would not make the park econom...
SAM Magazine—Broomfield, Colo., April 6, 2023—Vail Resorts has named Nadia Guerriero, currently vice president and COO of Beaver Creek Resort, Colo., senior vice president and COO of the Rockies Region, and appointed her to the company’s executive committee. In her new role, Guerriero will lead Vail Resorts’ six resorts in Colorado and Utah...
With historic snowfall at ski areas throughout the western United States, many resorts are poised to wrap up the season with later-than-expected closings and strong visitation and revenue. Photo courtesy of Alta Ski AreaIn fact, the records shattered and milestones reached by western resorts are seemingly endless, with new updates pouring in even a...
SAM Magazine—Broomfield Colo., March 30, 2023—Vail Resorts (VR) plans to introduce a new membership program called My Epic Gear, which could replace the habit of owning gear with renting, for the day or for the season. The program will launch in 2024-25 at selected resorts, according to the plan, following a pilot program, with a limited number...
