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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--Vail, Colo., Dec. 24, 2003--Vail Resorts and Intrawest have reached an "amicable agreement" to divide the remaining developable assets, liquidate remaining partnership inventory, and ultimately to dissolve their Keystone development partnership. The partnership stems from Vail Resorts' purchase of Keystone in the mid-1990s, at which t...
SAM Magazine--Vail, Colo., Dec. 17, 2003--A woman and her deceased husband's family won a $17.5 million award yesterday stemming from carbon monoxide poisoning at Vail Resorts' Snake River Lodge and Spa in Jackson Hole, Wyoming, in 2001. The award, the largest personal injury award ever in Wyoming, included compensatory but no punitive damages. Pla...
SAM Magazine--Vail, Colo., December 16, 2004--Vail Resorts, Inc., announced its first quarter numbers last week for the fiscal year 2004 (the quarter ended on October 31, 2003) and the news was mixed. It seems expenses outweighed revenue in quite a few areas, though the company claims it is making headway and that the results were better than antic...
SAM Magazine--Ligonier, Pa., December 16, 2004--A month ago, the owner of Laurel Mountain Ski Resort, George Mowl, announced that he had found a buyer in HomeSpan Financial Group. However, the sale was delayed last week by the untimely death of the president of HomeSpan, John Jones. Both parties claim that the sale will still go through but, in ...
SAM Magazine--Park City, Utah, December 10, 2003--This reporter must first confess that she has absolutely no background in financial matters. So, when American Skiing Company released its first quarter figures today with a caveat about the company adopting Statement of Financial Accounting Standards No. 150, "Accounting for Certain Financial Instr...
SIN--12/10/03--SIA posted its Retail Audit for the August-October quarter on Tuesday, and it shows a 3.9% sales increase over the same quarter in 2002, based on cash register results at 1085 stores. Ã Specialty stores did very well, doubling sales of ski-and-binding "systems" (thanks largely to a 13% drop in average price) and a 73% rise in ...
