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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—Newry, Maine, Feb. 25, 2022—A strong wind gust caused a gondola cabin to misfeed into the top terminal and detach from the haul rope of the Chondola lift at Sunday River, Maine, at 5:37 p.m., Tuesday, Feb. 23. The cabin fell approximately 10 feet to the ground. The 17-year-old guest inside sustained minor injuries, and was release...
SAM Magazine—Fabius, N.Y., Feb. 24, 2022—Intermountain Management president Peter Harris acquired Toggenburg Mountain in August 2021 for $750,000, and immediately shuttered the ski area to reduce competition for his company’s other two upstate New York ski areas, Song Mountain and Labrador Mountain. According to a report from Syracuse.com/Th...
SAM Magazine—Park City, Utah, Feb. 24, 2022—Jesse Hunt will step down as alpine director for U.S. Ski & Snowboard (USSS), effective July 1, 2022. The organization said Hunt will stay on to ensure a smooth transition as it actively recruits for his replacement. “Jesse has been an important leader of the U.S. Alpine Ski Team for many yea...
SAM Magazine—Terrebonne, Quebec, Feb. 21, 2022—Quebec ski industry pioneer and Les Sommets co-founder Louis Dufour died Feb. 19, 2022. Dufour led Les Sommets, the largest private ski resort ownership group in Quebec, for 50 years prior to his death. Dufour was a visionary in the Quebec ski industry. His group Les Sommets today owns Sommet Sain...
SAM Magazine—Winter Park, Colo., Feb. 16, 2022—Momentum from the red-hot holiday season turned cool in early January as a surge in new cases of the Omicron variant put a damper on short-lead bookings, according to the most recent Monthly Market Briefing released by DestiMetrics, the business intelligence division of Inntopia. Aspen SnowmassA re...
SAM Magazine—Big Sky, Mont., Feb. 15, 2022—Boyne Resorts is looking to transform access to Big Sky’s Lone Peak with a new base-to-summit lift network that includes a two-stage gondola and a higher-capacity tram. The multi-year project is the final phase of the Big Sky 2025 master plan. “The new lift system from the base area to the summit ...
SAM Magazine—Portland, Ore., Feb. 15, 2022—Sunlight Mountain has become the first Colorado ski area to join the Indy Pass. For the remainder of winter 2021-22 and the entire 2022-2023 season, Indy Pass holders will get two days at Sunlight with no blackout dates. “The timing was right for Sunlight to go Indy,” said Sunlight marketing and...
SAM Magazine—Aspen, Colo., February 11, 2022—Aspen Skiing Company (Ski Co.) said Thursday it will give all salaried and hourly employees a $3/hr raise, effective Sunday, Feb. 13. The move boosts starting pay to $20/hr for most hourly employees and represents an annual increase of $6,240 for those in salaried positions. “This is an investment...
SAM Magazine—Greenville, Maine, Feb. 10, 2022—The Maine Land Use Planning Commission voted unanimously on Wednesday to hold a public hearing on the proposed $113.5 million expansion to the Big Squaw Mountain ski area in Piscataquis County, Maine. Developer Big Lake Development LLC has proposed a two-phase project that would expand the resor...
SAM Magazine—Natick, Mass., Feb. 10, 2022— SAM Magazine has raised over $2,500 for non-profit causes since November 2021. Those proceeds, a percentage of SAM Magazine subscriptions and Summit Series Leadership Bootcamp registration, will be donated to four 501(c)3 organizations: Share Winter, Winter4Kids, the National Brotherhood of Skiers,...
SAM Magazine—Denver, Colo., Feb. 10, 2022—In a $6.6 billion deal expected to close in the second half of 2022, Spirit Airlines will merge with Frontier, giving Denver-based Frontier Airlines the controlling stake in the combined entity. The merger of these two major discount airlines will form the fifth largest airline in the United States and ...
SAM Magazine—Natick, Mass., Feb. 3, 2022—Registration is open for the 18th spring session of Cutter's Camp, May 16-20, 2022, at Timberline, Mt. Hood, Ore. The five-day program for terrain park professionals features on-hill and classroom workshops, including the return of one-on-one customized operator coaching. The program will cover all ...
SAM Magazine—Natick, Mass., Feb. 4, 2022—Nearly 2,500 votes were cast in the 15th annual SAM Terrain Park Contest, in which a total of 40 entries from ski areas around the world looked to earn the top spot in one of the three contest categories: Bread and Butter, Terrain Park Feature, and, new this year, Park Edit. Some of the resort-submit...
SAM Magazine—Broomfield, Colo., Feb. 4, 2022—There are leadership changes in the works at Vail Resorts’ (VR) eastern properties: Mount Snow, Vt., general manager Tracy Bartels will become vice president of maintenance, planning and project management this Tracy Bartelsspring, joining VR’s mountain division senior leadership team; and Roundt...
SAM Magazine—Bartlett, N.H., Feb. 3, 2022—Brandon Swartz is moving back east to become the new general manager at Vail Resorts-owned Attitash, N.H., starting Feb. 7. Swartz is a New England native, but his ski industry career has taken him all over the country. Most recently, he had served as the GM at Hidden Valley, Mo., since November 2020. ...
