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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. 2, 2021—Soldier Mountain and Pomerelle Mountain Resort, Idaho, have joined the Indy Pass. Each resort will provide Indy Pass holders two days of access through the end of the 2020-21 season. The pass now includes access to 16 ski areas in the Pacific Northwest, and 61 North American ski areas in all. Sol...
SAM Magazine—East Madison, N.H., Jan. 29, 2021—Highway West Vacations will be providing full property management for New Hampshire’s King Pine Ski Area, Purity Spring Resort, Tohkomeupog Summer Camp for Boys, and Danforth Bay Camping & RV Resort, effective March 1, 2021. The Hoyt family will remain owners of the resort entities and retain...
SAM Magazine—Peterson, Utah, Jan. 29, 2021—A new private mountain resort development in Utah aims to open to members for skiing and riding next winter. Called Wasatch Peaks Ranch, it's located 35 minutes north from Salt Lake City, 10 miles south of Snowbasin Resort. Wasatch Peaks Ranch encompasses 12,740 acres, including a planned 3,000 ...
SAM Magazine—Natick, Mass., Jan. 28, 2021—Given the challenges the people in our industry are experiencing right now—and the need for resilience is greater than ever—SAM and High Peaks Group have relaunched the Summit Series Bootcamp: Resilient Leadership Training program to provide leaders at all levels of an organization with the too...
Virus cases are dropping. So are positivity rates and hospitalizations. Nearly 20 million Americans have begun receiving vaccines. The week’s Virus Tracker from the Insights Collective shows how the pandemic is affecting major resort destination communities and the markets they serve. And the news is looking up. Check out the full report her...
SAM Magazine—Boischatel, Quebec, Jan. 25, 2021—More than 4,000 total votes were cast during the seven-day voting period in the 2021 HKD I AM a Snowmaker contest, which showcased four snowmaking teams from resorts across North America: Blue Mountain, Ont.; Eldora, Colo.; Okemo Mountain, Vt.; and Squaw Valley, Calif. Voting concluded Monday, Jan....
SAM Magazine—Paris, France, Jan. 20, 2021—Ski resorts in France had hoped they could start up their lifts and welcome skiers and riders on Feb. 1, but rising Covid-19 infections and worries over the new variant of the virus have led French tourism minister Jean Baptiste Lemoyne to declare that resorts, among other businesses, must remain closed...
With the continuation of the COVID-19 pandemic, many of the traditional education opportunities have moved online. We know it's a busy time, so SAM pulled together a chronological list of online educational content available to mountain resort operations so it's easier to see what important webinars, Huddles and Town Halls might be worth checking o...
SAM Magazine—Broomfield, Colo., Jan. 18, 2021—Vail Resorts (VR) reported that season-to-date visits at its North American resorts are down 16.6 percent for the season through Jan. 3, compared to the prior year through Jan. 5, periods that include the Christmas and New Year's holidays for both years. That translated for declines in several key m...
SAM Magazine—Winter Park, Colo., Jan. 15, 2021—Overall seasonal occupancy held steady during December from the previous month, but was down 18.6 percent compared to December 2019, according to the latest DestiMetrics Market Briefing from Inntopia. The average daily rate (ADR) also declined, by 10.6 percent, leading to a 27.2 percent drop in lod...
Despite the growing availability of vaccines, the pandemic continues to demand attention. A new strain is putting more people, including kids, at risk of infection. States and localities continue to tweak protocols in response to high infection rates and climbing daily death counts, requiring attention and adaptation. Employees are becoming more in...
SAM Magazine—Woodstock, Vt., Jan. 13, 2021—As part of a research initiative and in partnership with Snow Sports Insights, the Cross Country Ski Areas Association (CCSAA) published the results of the most recent consumer survey conducted during the first two weeks of December. CCSAA also included results of a retailer survey conducted aroun...
SAM Magazine—Denver, Jan. 12, 2021—Since the Christmas holiday period, coronavirus cases have been rapidly on the rise in several major western ski states and feeder markets, according to the latest tracking report from the Insights Collective. As the national vaccination effort continues, record case counts have been recorded, and Arizona had ...
SAM Magazine—Natick, Mass., Jan. 11, 2021—Online voting for the 2021 HKD and SAM “I AM a Snowmaker” contest is now open, and continues through midnight (EST) on Monday, Jan. 18. Since it debuted in the winter of 2013-14, the annual I AM contest highlights the hard work, determination, and camaraderie of snowmakers, and recognizes ...
SAM Magazine—Kennebunk, Maine, Jan. 11, 2021—Cal Conniff, president/executive director of the National Ski Areas Association (NSAA) from 1973 to 1990 and a 1990 U.S. Ski and Snowboard Hall of Fame honoree, died Jan. 8, a month shy of his 91st birthday. Conniff devoted his life to the betterment of the sport and business of ski...
