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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

U.S. Hall of Fame Inducts Eight New Members

SAM Magazine—Ishpeming, Mich., Sept. 29,2021—Eight legends have been inducted into the U.S. Ski and Snowboard Hall of Fame this year, headlined by Pennsylvania resort and snowmaking icon Herman Dupré.Herman Dupré Others include plastic boot inventor and ski gear innovator Sven Coomer; ballet skiing protégé and freestyle skiing legend Alan S...

 HEADLINE NEWS - Ski Area Management

Mt. Rose Ski Tahoe Plans Its Largest Capital Improvement Ever

SAM Magazine—Reno, Nev., Sept. 28, 2021—Mt. Rose Ski Tahoe, Nev., plans to invest roughly $7.5 million to expand the Lakeview area of the mountain. The plan includes replacement of the 41-year-old Lakeview Triple with a new high-speed lift, new skiable terrain, and improvements to existing terrain ahead of the 2022-23 winter season. It’s esti...

 HEADLINE NEWS - Ski Area Management

Indy Pass Now Includes 80 Ski Areas

SAM Magazine—Portland, Ore., Sept. 28, 2021—The Indy Pass has added four new resorts, bringing its total partners up to 80 ski areas ahead of its third season on the market. Seven Oaks, Idaho, The Rock Snowpark, Wisc., and Manning Park and Sovereign Lake, B.C., are the latest independents to join the roster.  Sovereign Lake Nordic Club in Nel...

 HEADLINE NEWS - Ski Area Management

U.S. Ski & Snowboard Names Goldschmidt President and CEO

SAM Magazine—Park City, Utah, Sept. 27, 2021— U.S. Ski & Snowboard has appointed Sophie Goldschmidt as its next president and CEO, effective Oct. 18. Goldschmidt will take over from current president and CEO Tiger Shaw, who is stepping down after eight years in the role. “I am thrilled to be the next leader of U.S. Ski & Snowboard,...

 HEADLINE NEWS - Ski Area Management

Snowbasin to Add Club Med, Base Area Village

SAM Magazine—Huntsville, Utah, Sept. 27, 2021—A significant new capital plan for Snowbasin, Utah, which includes lifts, terrain, snowmaking, and parking upgrades, will also introduce a base area village and a new 300-room Club Med resort hotel on-site. A lift replacement and parking addition are already underway for the 2021-22 season, while a...

 HEADLINE NEWS - Ski Area Management

Vail Resorts Fiscal 2021 Results, Insights on Planned Lift Upgrades

SAM Magazine—Broomfield, Colo., Sept. 24, 2021—Vail Resorts’ (VR) Q4 earnings, released yesterday, show season pass sales for the 2021-22 North American season were up 42 percent in units and 17 percent in sales dollars as of Sept. 17. The earnings news was coupled with the unveiling of a $320 million capital plan that includes 19 new chairli...

 HEADLINE NEWS - Ski Area Management

Vail Resorts Unveils Winter Operating Plan

SAM Magazine—Broomfield, Colo., Sept. 20, 2021—Vail Resorts’ (VR) 2021-22 winter operating plan for its 34 North American resorts includes a variety of new Covid safety measures, such as requiring vaccinations for all staff, requiring proof of vaccination for anyone age 12 and up dining at certain indoor outlets, and mandating masks in ...

 HEADLINE NEWS - Ski Area Management

Aspen Skiing Company to Require Staff Vaccinations

SAM Magazine—Aspen, Colo., Sept. 15, 2021—Aspen Skiing Company (SkiCo) will require all active employees to be fully vaccinated for Covid-19 by Nov. 15. The new policy is unrelated to President Joe Biden’s announcement less than a week ago that he plans to instruct the Occupational Safety and Health Administration (OSHA) to require that all e...

 HEADLINE NEWS - Ski Area Management

Meet the 2021-22 Summit Series Mentees

SAM Magazine—Natick, Mass., Sept. 15, 2021—Nearly 100 emerging leaders were nominated or applied to be mentees in the forthcoming SAM Summit Series, a season-long mentor/mentee program aimed at developing future leaders in the mountain resort industry. Of that list, 11 have been chosen to participate. The mentees hail from ski areas of all siz...

 HEADLINE NEWS - Ski Area Management

Booking Pace Slows, Rates Stay Strong at Western Resorts

SAM Magazine—Winter Park, Colo., Sept. 15, 2021—By the end of August, western mountain destinations were poised to set all-time records for daily rates and revenue—despite wildfires and smoky conditions in many destinations, and a spike in cases of the Delta variant of Covid-19. Summer at Mammoth Mountain ResortBut some headwinds were coolin...

 HEADLINE NEWS - Ski Area Management

Alterra Partners with Share Winter Foundation

SAM Magazine—Denver, Sept. 14, 2021—Alterra Mountain Company and Share Winter Foundation have entered a multi-year collaboration highlighted by a donation to Share Winter of nearly $4 million in the form of cash and in-kind services, including lessons, lift tickets, equipment rentals, and meal vouchers. The partnership aims to create a more div...

 HEADLINE NEWS - Ski Area Management

Mt. Rose Raises Minimum Wage, Requires Vaccinations

SAM Magazine—Reno, Nev., Sept. 13, 2021—Mt. Rose Ski Tahoe has raised its minimum wage to $15 per hour for all positions that were previously below, and will provide a five percent cost-of-living increase for year-round and full-time employees. The resort will also require employees to be vaccinated for Covid-19 ahead of the start of its 2021-2...

 HEADLINE NEWS - Ski Area Management

Squaw Valley Alpine Meadows Now Palisades Tahoe

SAM Magazine—Olympic Valley, Calif., Sept. 13, 2021—After a year of in-depth research and discovery, Squaw Valley Alpine Meadows has changed its name to Palisades Tahoe, a nod to the sheer granite faces and chutes that compose some of the mountains’ more extreme terrain.  In August 2020, the resort committed to eliminating the word "squaw"...

 HEADLINE NEWS - Ski Area Management

Canada Eases Travel Restrictions, Resorts Prepare

SAM Magazine—Kelowna, B.C., Sept. 9, 2021—Canada’s federal government relaxed travel restrictions for fully-vaccinated, non-essential travelers this week, a promising development for destination market resorts. Non-essential international travelers who have had a full course of a Health Canada-approved Covid-19 vaccine no longer need to q...

 HEADLINE NEWS - Ski Area Management

Jay Gamble Named Wintergreen GM

SAM Magazine—Wintergreen, Va., Sept. 9, 2021—Jay Gamble has been named general manager of Wintergreen Resort in Virginia. Gamble will transition from Ragged Mountain, N.H., where he has served as general manager for the past three years. Both resorts are operated by Pacific Group Resorts, Inc. (PGRI).             Gamble ha...