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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—Portland, Ore., Feb. 23, 2021—Waterville Valley Resort, N.H., and Saddleback Mountain, Maine, are joining the Indy Pass through the end of the current 2020-21 season for the 2021-22 season. Both resorts will provide two days of skiing and riding to all Indy Pass holders during both seasons. There are no blackout dates for the remai...
SAM Magazine—Natick, Mass., Feb. 19, 2021—As of Feb. 19, 28 Americans have died in backcountry avalanches this winter, five more than the entire 2019-20 season, according to avalanche.org. Experts say the primary culprit for the uptick is the unstable snowpack in the Rockies, which they call the most hazardous it’s been in a decade. ...
SAM Magazine—Jackson, Wyo., Feb. 18, 2021—Teton Gravity Research (TGR) and the Indy Pass will explore the spirit of independent ski and snowboard areas around North America in a film and video project titled “In Pursuit of Soul.” The project will produce digital and social storytelling at 12 independent resorts throughout the winter season,...
SAM Magazine—Winter Park, Colo., Feb. 18, 2021—January snow and a drop in both Covid-19 cases and hospitalizations combined to give a boost, albeit small, to business across the West, according to the monthly DestiMetrics Market Briefing from Inntopia. For the month, lodging occupancy was down 29.1 percent, average daily rate fell 12.3 percent,...
SAM Magazine—Rome, Italy, Feb. 16, 2021—Many of Italy’s ski resorts were ramping up to open this week, some starting Monday, Feb. 15, when the government’s ban on recreational skiing at resorts was set to expire—making snow, grooming, preparing facilities, staffing up, etc. However, resorts were informed at 7 p.m. on Sunday that health mi...
SAM Magazine—Neihart, Mont., Feb. 10, 2021—George Willett has sold Showdown Montana to his daughter, Katie Boedecker, after nearly 48 years of running the resort.Katie Boedecker and George Willett Boedecker, who grew up at Showdown, has worked many positions at the ski area, including general manager for the last three years. She joins a very ...
SAM Magazine—Lakewood, Colo., Feb. 10, 2021—The National Ski Areas Association (NSAA) 2021 winter conference and trade show was held virtually, Feb. 1-5. Attendees participated in educational sessions, networking events, and trade show hours from wherever they happened to be. The event was, of course, different than the traditional winter gathe...
The latest virus tracking reports from Insights Collective are showing light at the end of the tunnel, with new cases and hospitalizations declining. Only Oregon, Puerto Rico, Arkansas and Vermont saw an increase in cases. We are cautiously optimistic. View the recent virus tracking report. ...
SAM Magazine—Collingwood, Ont., Feb. 9, 2021—The province of Ontario will allow ski resorts to gradually start reopening to the public soon, following a six-week (or longer) closure.Calabogie Peaks On Monday, the province lifted the Emergency Declaration that forced resorts to close beginning on Dec. 26, 2020, just before the key Christmas hol...
Cross-country ski areas across Canada and the US were surveyed the second week of January with some promising results reported. Some of the key findings: Revenues were higher than had been projected, healthy season pass sales for more than half of the respondents (some with 20% or greater growth) and day pass sales have increased for more than...
SAM Magazine—Warren, Vt., Feb. 5, 2021—Sugarbush Resort, in partnership with Green Lantern Solar, has installed a new solar array at Lincoln Peak. The array has a capacity of 133 kilowatts (kW), and will generate 190,000 kilowatt hours (kWh) over the course of a year. This is the latest installation funded by the two organizations, and the firs...
SAM Magazine—Boyne Falls, Mich., Feb. 5, 2021—Boyne Resorts has made a renewable energy purchase commitment with CMS Enterprises, a CMS Energy subsidiary, that offsets electric energy consumption at its resorts and facilities throughout North America as of Jan. 1, 2021. The purchase is among numerous environmental initiatives and newly e...
This report is excerpted from a longer report by Gfeller Laurie LLP. We thank Charles Gfeller for sharing it with SAM. SAM Magazine—West Hartford, Conn., Feb. 5, 2021—Many ski areas and ski industry vendors have been adversely impacted by the Covid-19 pandemic and associated shutdowns. In the business world generally, this has led to a wa...
Yesterday, viewers were entertained with bad lumberjack jokes and live tiki chainsaw-carving with North Pole Design's Senan Gorman and SAM publisher Olivia Rowan. The event was held during the Supplier Direct Connect as part of the virtual NSAA Winter Conference. Attendees could vote for a tiki design ahead of the event, and Gorman crafted the one ...
As the U.S. and the world seek to escape the shadow of Covid-19, important steps are being taken on many fronts. Some of these may pose short-term challenges, but all are aimed at long-term recovery. Wonder why those $1,400 checks are so high on President Biden’s wish list? Curious to know how soon air travel might return to normal? Looking for o...
