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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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Vail Resorts Skier Visits Remain Down, Ticket Revenue Up

SAM Magazine—Broomfield, Colo., April 24, 2024—Skier visits are down but revenues are up for Vail Resorts’ North American ski areas during the 2023-24 winter season, according to a report from the company comparing certain ski season metrics year-over-year through mid-April. Season-to-date skier visits were down 7.8 percent in 2023-24 compar...

Sugarloaf Opens West Mountain Terrain Expansion

SAM Magazine—Carrabassett Valley, Maine, Feb. 16, 2024—Today, Sugarloaf is opening West Mountain, a new 120-acre terrain expansion served by a high-speed detachable quad with an uphill capacity of 2,400 skiers per hour, which terminates at the Bullwinkle’s restaurant near the midpoint of the 4,237-foot mountain. Nine of the planned 12 trails ...

Western Mountain Destination Bookings Decline with Snow Levels

SAM Magazine—Winter Park, Colo., Feb. 15, 2024—Hotel bookings at mountain destinations in the western U.S. have dropped to a 30-month low, while room rates remain stubbornly high despite a drop in guest interest in overnight stays, according to the latest monthly Market Briefing from DestiMetrics, the business intelligence division of Inntopia....

Sandia Peak Opens for First Time Since 2022, Now Under MCP Ownership

SAM Magazine–Albuquerque, N.M., Feb. 15, 2023—Skiers hit the slopes at New Mexico’s Sandia Peak Ski Area last weekend as the mountain opened for the first time in two years.Courtesy of Sandia Peak Ski Area The opening marked the debut of operations at Sandia Peak under the aegis of Mountain Capital Partners (MCP), which announced a joint ven...

Flaik Becomes a B Corp

SAM Magazine—Lafayette, Colo., Feb. 13, 2024—Snowsports school management software provider flaik is now a Certified B Corporation after satisfying the required criteria to earn the recognition, scoring 86.2 out of 100 in the evaluation of five primary areas relating to the company’s business practices: governance, workers, community, environ...

Montana’s Teton Pass Latest to Close Due to Lack of Snow

SAM Magazine—Choteau, Mont., Feb. 12, 2024—Teton Pass Ski Area is the latest in a string of resorts to pull the plug on a 2023-24 ski season bedeviled by shifting weather patterns and unseasonably warm temperatures. A historic lack of snow—or almost any precipitation at all—has forced the early closure of the Montana ski area. In a six-pag...

Folks Glad to Gather in East and West for NSAA Winter Conferences

SAM Magazine—West Dover, Vt., Feb. 9, 2024—It’s that time of year again, when folks gather for a bit of networking, education, and snow sliding at the National Ski Areas Association winter conferences. More than 500 operators and suppliers descended on Keystone, Colo., Jan. 17-19, for the NSAA Western Conference. After a rough start to the s...

Nathan Hakseth Promoted to GM at Wild Mountain

SAM Magazine—Taylor Falls, Minn., Feb. 7, 2024—Wild Mountain snowsports manager Nathan Hakseth has been promoted to general manager of the Taylor Falls, Minn., ski resort. He will oversee all operations of the mountain and also retain his duties within the Snowsports School and Competitions department. Hakseth has worked in the ski industry fo...

SAM and MMGY Origin Partner for Annual Outlook on Resort Marketing Survey

SAM Magazine—Natick, Mass., Feb. 7, 2024—In an effort to gather data and insights on ski area marketing, SAM and MMGY Origin have partnered to launch an annual survey targeting resort marketers. The responses will inform the Annual Outlook on Resort Marketing report, which will serve as a yearly resource and benchmarking tool for marketing team...

Michael Hammes Named GM at Virginia’s Massanutten Resort

SAM Magazine—Massanutten, Va., Feb. 7, 2024—Industry veteran Michael Hammes has been selected as the new general manager and vice president of Massanutten Resort, a four-season resort in Virginia’s Shenandoah Valley. Hammes most recently served as director of base operations at Washington's Summit at Snoqualmie resort, part of the Boyne Res...

And the 2024 I AM a Snowmaker Winner is…

SAM Magazine—Mount Snow, Vt., Feb. 6, 2024—Nearly 12,000 votes were cast during the 12-day voting period for the 2024 I AM a Snowmaker contest. This year’s contest showcased eight snowmaking teams from across North America: Brettons Woods, N.H.; Cataloochee Ski Area, N.C.; Copper Mountain, Colo.;  Gore Mountain, N.Y.; Greek Peak, N.Y.; Mammo...

Jackson Hole Sale Completed; Ski Area Will Stay in Local Hands

SAM Magazine—Jackson, Wyo., Feb. 5, 2024—The sale of the Jackson Hole Mountain Resort (JMHR) to a local group of investors, initially announced last August, is complete. The Kemmerer family, which has owned the independent ski resort for the last 32 years, officially closed the deal in early February. Financial details were not disclosed. “...

Alterra to Acquire Arapahoe Basin

SAM Magazine—Denver, Feb. 5, 2024—Alterra Mountain Company has entered into an agreement to purchase Arapahoe Basin from Dream Unlimited Corp. A-Basin will be Alterra’s 18th North American mountain destination. Toronto-based Dream Unlimited—a multi-billion-dollar real estate development, asset management, and private equity firm—acquired...

What's Behind KSL's $3 Billion "Continuation Vehicle" for Alterra?

SAM Magazine—Denver, Feb. 2, 2024—KSL Capital Partners (KSL) closed a "single-asset continuation vehicle" for Alterra Mountain Company in late January, with total commitments of more than $3 billion, KSL said in a press release. What it didn't say, and what many in the industry are speculating about, is what this all means. Let's start with w...

NY AG Asks Court to Compel Sale of Shuttered Toggenburg Mountain

SAM Magazine—Fabius, N.Y., Jan. 31, 2024—In a new court filing, New York Attorney General Letitia James has said the owners of Toggenburg Mountain in upstate New York violated the state’s antitrust law by purchasing and shutting down the competing ski area and should be ordered to sell the property. Intermountain Management, which owns Labra...