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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 Headline News - Ski Area Management - Results from #4260

Crested Butte Sale a Done Deal

SAM Magazine--Ludlow, Vt., March 2, 2004--As of March 1, Tim and Diane Mueller are the proud owners of Crested Butte Ski Resort in Colorado. The Muellers, who own Okemo, Vt., and run Mount Sunapee, N.H., purchased the resort from the Callaway and Walton families for an undisclosed amount, though speculation puts the figure at about $50 million. ...

 SAM Headline News - Ski Area Management - Results from #4260

Big Sky Sues Moonlight

SAM Magazine--Big Sky, Mont., February 24, 2004--Boyne USA, the owners of Big Sky resort, have filed a suit against neighboring newcomer, Moonlight Basin Ranch. According to the Bozeman Daily Chronicle, the suit alleges that Moonlight Basin is trespassing on Big Sky property and endangering its employees and clients. The two areas share a boundary ...

 SAM Headline News - Ski Area Management - Results from #4260

Big Tupper Gets New Owners

SAM Magazine--Tupper Lake, N.Y., Feb. 19, 2004--A group of investors from Philadelphia has agreed to buy 6,400 acres, including the defunct Big Tupper ski area and thousands of acres around it, with the goal of creating a year-round resort. The Big Tupper ski area has been closed for the last four winters. Michael Foxman, one of the project's ei...

 SAM Headline News - Ski Area Management - Results from #4260

Park City Taps Curtis As President And GM

SAM Magazine--Park City, Utah, Feb. 19, 2004--Powdr Corp. has named Peter Curtis to be president and general manager of Park City Mountain Resort. Curtis replaces Vern Greco, who became chief operating officer of Powdr a week ago. "Peter is a seasoned industry veteran and has demonstrated strong leadership qualities in his six years at Park City...

 SAM Headline News - Ski Area Management - Results from #4260

New President for Big Mountain

SAM Magazine--Whitefish, Mont., February 17, 2004--Big Mountain announced that Frederic Jones has been named the new president and CEO, effective April 1, 2004. Jones replaces Michael Collins who resigned after 15 years at the helm. Most recently, Jones worked for Ski Country Advisors, a business valuation and financial consulting firm in Salt L...

 SAM Headline News - Ski Area Management - Results from #4260

Vail Resorts Shuffles Marketing Heads

SAM Magazine--Vail, Colo., Feb. 4, 2003--Vail Resorts has named Ian Arthur, senior director of marketing and brand management for Frontier Airlines for the past two years, as vice president of marketing for Vail and Beaver Creek resorts. He replaces Chris Jarnot, who has been elevated to head of marketing and sales for Vail Resorts. Arthur will ...

 SAM Headline News - Ski Area Management - Results from #4260

Greco Named COO of Powdr Corp.

SAM Magazine--Park City, Utah, Feb. 4, 2004--Powdr Corporation has named Vern Greco senior vice president-chief operating officer. He will report to Powdr president and CEO John D. Cumming. "This change is intended to accomplish three things," said Cumming. "First and foremost it is our intention to capitalize on the success we have had the past...

 SAM Headline News - Ski Area Management - Results from #4260

Forest Service Approves Keystone Snowcat Terrain

SAM Magazine--Keystone, Colo., Feb. 4, 2004--The U.S. Forest Service approved a 577-acre terrain expansion for Keystone Resort yesterday, making the above-treeline Erickson Bowl and Little Bowl available for snowcat skiing operations. The resort's Keystone Adventure Tours (KAT) will begin operations within in the next few weeks. "We are really e...

 SAM Headline News - Ski Area Management - Results from #4260

Booth Creek Reports Wider 2003 Loss

SAM Magazine--Vail, Colorado, Jan. 30, 2004--Booth Creek has reported a loss of $5.4 million for fiscal year 2003, which ended Oct. 31, compared to a loss of $1.9 million in fiscal 2002. A decline in skier visits contributed to the wider loss. The company said that skier visits declined nine percent, from 2,154,000 visits in 2002 to 1,953,000 i...

 SAM Headline News - Ski Area Management - Results from #4260

Colorado Court Revives Steamboat Ownership Disput

SAM Magazine--Denver, Jan. 23, 2004--The saga of the failed sale two years ago of Steamboat ski area to Triple Peaks LLC, an investor group headed by Okemo owners Tim and Diane Mueller, is getting longer. On Thursday, the Colorado Court of Appeals ordered the issue back to trial, a ruling that Steamboat owner American Skiing Co. (ASC) plans to appe...

 SAM Headline News - Ski Area Management - Results from #4260

Maine Areas Thrive Despite Thaw-Freeze Cycle

SAM Magazine--Portland, Maine, Jan. 15, 2004--Maine ski areas have taken advantage of New England's subzero freeze to make snow ahead of the Martin Luther King Jr. holiday. "The Maine ski industry has been able to make snow during every single day in 2004," said Greg Sweetser, executive director of Ski Maine. All areas are opening new terrain for t...

 SAM Headline News - Ski Area Management - Results from #4260

Juniors, Snowboarding Lead Retail Sales

SAM Magazine--McLean, Va., Jan. 1, 2004--Strong sales of junior gear and apparel and a rebound in the sales of snowboard gear during August through November kept retail sales at ski and snowboard outlets nearly flat with 2002, according to the SnowSports Industries America (SIA) Retail Audit. Overall, sales for the entire winter sports market (i...

 SAM Headline News - Ski Area Management - Results from #4260

Colorado Visits Show 9 Percent Decline

SAM Magazine--Denver, Colorado, Jan. 12, 2004--Visits at Colorado resorts declined nine percent from year-ago totals, according to figures released today by Colorado Ski Country USA (CSCUSA). From the start of the season, Oct. 28, through Dec. 31, 2003, total skier visits were 2,671,532, compared to 2002-03's record 2,942,555. This season's tota...

 SAM Headline News - Ski Area Management - Results from #4260

Park City Drops World Cup

SAM Magazine--Park City, Utah, Jan. 9, 2004--Park City Mountain Resort will no longer host the "America's Opening" World Cup races in November, which has the U.S. Ski and Snowboard Association (USSA) looking for a new host site. "The challenges of an early season date are extraordinary," said Park City president and GM Vern Greco in explaining t...

 SAM Headline News - Ski Area Management - Results from #4260

Skiers Turned Out Despite Snow, Rain Over Holidays

SAM Magazine--Boulder, Colo., Jan. 7, 2004--Weather--too much snow, too much rain--dampened visits on some days during the Christmas-New Year's period. But the longer-than-usual holiday (from December 20 through January 4) and determinedly upbeat customers made this a strong, and in some instances record, holiday season for many resorts across the ...

 SAM Headline News - Ski Area Management - Results from #4260

Crested Butte Sale Agreement Complete

SAM Magazine--Ludlow, Vt., Jan. 8, 2004--Tim and Diane Mueller, owners of Triple Peaks, LLC have entered into a Definitive Purchase and Sale Agreement to buy Crested Butte Ski Resort from the Callaway and Walton families, owners of Crested Butte Mountain Ski Resort, LLC and it subsidiaries. The Muellers signed a Letter of Intent for the purchase...

 SAM Headline News - Ski Area Management - Results from #4260

Who Owns the Top of Lone Peak?

SAM Magazine--Bozeman, Mont., January 2, 2004--The ownership of the summit of the 11,166-foot Lone Peak, which is home to Big Sky, the Yellowstone Mountain Club and the new Moonlight Basin, is the subject of what is to become a court battle. According to the Billings Gazette, Tim Blixseth, owner of the Yellowstone Club, has filed suit against th...

 SAM Headline News - Ski Area Management - Results from #4260

Christmas Has Its Ups and Down

The East decidedly had it the hardest during Christmas week, but the news gets better out West. Rain on Christmas Eve for southern New England, then temperatures that soared into the 50s and 60s over Christmas and the following weekend, made for a less-than-stellar holiday week for many ski areas in the Northeast. At Ski Bradford, just north of ...

 SAM Headline News - Ski Area Management - Results from #4260

Kottke Dies Day After Christmas

SAM Magazine--Storrs, Ct., December 29, 2003--Marvin W. Kottke, 80, died of a sudden massive stroke on December 26, 2003. Kottke's work in the ski industry is well known after 14 years of preparing the Kottke End of Season Report for the National Ski Areas Association. Though the report has been assembled by RRC Associates since 1994, it still bear...

 SAM Headline News - Ski Area Management - Results from #4260

Vail, Intrawest to End Keystone Partnership

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 Headline News - Ski Area Management - Results from #4260

Jury Awards $17.5 Million in Vail Resorts Suit

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 Headline News - Ski Area Management - Results from #4260

Vail Reports First Quarter Numbers

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 Headline News - Ski Area Management - Results from #4260

Laurel Sale on Hold

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 Headline News - Ski Area Management - Results from #4260

American Skiing First Quarter Figures Released

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...

 SAM Headline News - Ski Area Management - Results from #4260

SIA Retail Audit: August to October sales rose 3.9%

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. Ý 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 ...