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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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 HEADLINE NEWS - Ski Area Management

Holiday, Winter Season Looking Merry at Western Destinations

SAM Magazine—Winter Park, Colo., Dec. 14, 2021—Despite a slow start to the 2021-22 winter, as of Nov. 30, aggregated reservations, rates, and revenue for the coming winter at Western destinations were comparing favorably to the last two seasons, according to the latest Monthly Briefing from DestiMetrics, the business intelligence division of In...

 HEADLINE NEWS - Ski Area Management

Vail Resorts Optimistic On Coming Season

SAM Magazine—Broomfield, Colo., Dec. 10, 2021—Vail Resorts (VR) reported a 47 percent increase in season pass units for the 2021-22 season, as of Dec. 5, 2021, and a 21 percent increase in sales dollars. Year over year, this equates to an increase of 700,000 pass units, according to Liftblog.com. The pass sales numbers were part of Vail's first...

 HEADLINE NEWS - Ski Area Management

Vail Resorts to Acquire Seven Springs, Hidden Valley, and Laurel Mountain

SAM Magazine—Broomfield, Colo., Dec. 8, 2021—Vail Resorts has entered into an agreement to purchase Seven Springs, Pa., from Seven Springs Mountain Resort, Inc. As part of the $125 million deal, the company will also acquire Hidden Valley Resort, Pa., and the operations of Laurel Mountain Ski Area, Pa. The transaction is expected to close this ...

 HEADLINE NEWS - Ski Area Management

Cautious Optimism and More Openings Post-Thanksgiving

SAM Magazine—Cambridge, Vt., Dec. 3, 2021—Most open ski areas are reporting strong attendance and positive visitor feedback over the Thanksgiving holiday, with loosened outdoor Covid protocols restoring a cautious sense of normalcy to the mountains. Heading into this weekend, cold temps and new snow are allowing more resorts to start turning li...

 HEADLINE NEWS - Ski Area Management

Jackson Hole Boosts Minimum Wage from $15 to $18

SAM Magazine—Teton Village, Wyo., Dec. 2, 2021—Jackson Hole Mountain Resort (JHMR) increased its minimum wage for all non-tipped positions from $15 per hour to $18 per hour, effective immediately. The wage increase aims to help with employee recruitment and retention by supporting staff to live and work in the Jackson Hole community. “We con...

 HEADLINE NEWS - Ski Area Management

NSAA Advises Resorts on OSHA Vax Mandate Suspension

SAM Magazine—Lakewood, Colo., Nov. 24, 2021—The National Ski Areas Association (NSAA) has shared new guidance for ski area operators regarding the Nov. 4 OSHA emergency temporary standard (ETS) requiring businesses with 100 employees or more to implement and enforce a mandatory Covid-19 vaccination policy. Although OSHA has been court ordered ...

 HEADLINE NEWS - Ski Area Management

Kingvale, Tapawingo Coming Back Online in 2022

SAM Magazine—Truckee, Calif., Nov. 24, 2021—Two small ski areas on opposite sides of the country are set to reopen after years of closure: Kingvale Terrain Project, Calif., and Tapawingo (aka Woodbury Ski Area), Conn. Eric Anderson and Day Franzen Kingvale After shuttering in 2011, the all-terrain-park Kingvale Terrain Project, located just ...

 HEADLINE NEWS - Ski Area Management

French Ski Areas Must Require Masks, No Vax Mandate (Yet)

SAM Magazine—Porte-de-Savoie, France, Nov. 22, 2021—The French government issued a new national protocol requiring masks in lifts lines and on chairlifts at the country’s 250 ski areas this winter. The protocol does not require guests to provide immunization records for access, but the French Ski Areas Association (Domaines Skiables De Franc...

 HEADLINE NEWS - Ski Area Management

Blacktail Mountain Acquired by Mission Ridge

SAM Magazine—Lakeside, Mont., Nov. 19, 2021—The owners of Mission Ridge, Wash., have purchased Blacktail Mountain Ski Area in Lakeside, Mont. Blacktail has been on the market since 2017.  The purchase price was not published. At one point, the 1,000-acre ski area was listed for sale on Craigslist for $3.5 million. Transition of ownership will...

 HEADLINE NEWS - Ski Area Management

Uncooperative Weather Delays Some Resort Openings

SAM Magazine—Wardsboro, Vt., Nov. 17, 2021—A recent spate of mild weather has forced several ski areas from the Northeast to the Rockies to delay their planned opening day until the weather cooperates long enough for snowmaking crews to work their magic. Steamboat released an informative video on Facebook about why they were delaying their open...

 HEADLINE NEWS - Ski Area Management

Justin Sibley Named CEO of POWDR

SAM Magazine—Park City, Utah, Nov. 17, 2021—Powdr co-president and CFO Justin Sibley has been named chief executive officer of the company. He steps into the role following the departure of co-president Wade Martin. Sibley will be responsible for leading Powdr’s future development, which includes exploring adventure lifestyle spaces beyond sk...

 HEADLINE NEWS - Ski Area Management

Vail Resorts Unveils New Winter Plans and Procedures

SAM Magazine—Broomfield, Colo., Nov. 16, 2021—Vail Resorts (VR) is implementing new operational plans and guest service procedures for winter 2021-22, including limited peak ticket sales, changes to lift loading and unloading, and forecasted lift line wait times. The changes aim to prioritize passholders and improve the guest experience. “Ba...

 HEADLINE NEWS - Ski Area Management

Perlman Promoted, Leadership Changes at Steamboat

SAM Magazine—Steamboat Springs, Colo., Nov. 12, 2021—Steamboat Ski Resort & Corporation (SSRC) president and chief operating officer Rob Perlman has been promoted to Alterra Mountain Company as regional chief operating officer of its central region, which includes Deer Valley and Solitude, Utah, and Steamboat and Winter Park, Colo.Shea, S...

 HEADLINE NEWS - Ski Area Management

Aspen Skiing Company Raises Wages, Adds Housing

SAM Magazine—Aspen Snowmass, Colo., Nov. 12, 2021— Beginning with the next pay period, Aspen Skiing Company (ASC) will increase starting hourly pay to $17 per hour for all non-tipped or commissioned positions in Aspen Snowmass and at the Limelight Hotel in Ketchum, Idaho—up from the previous minimum of $15.60 per hour. Many second-, third- an...

 HEADLINE NEWS - Ski Area Management

Western Destinations Set Summer Record, Strong Winter

SAM Magazine—Bradenton, Fla., Nov. 12, 2021—Western mountain destinations nailed down their best aggregated summer ever for occupancy, daily rates, and revenue, according to the Monthly Market Briefing from DestiMetrics, the business intelligence division of Inntopia. Bookings for the winter are also on a very strong pace, ahead of 2019 for bot...