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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—Washington, D.C., Dec. 11, 2013—Snow sports retailers sold $624 million in apparel, accessories and equipment from Aug. 1 to Oct. 31, a three percent increase from the prior year, according to the Snowsports Industry America (SIA) RetailTRAK survey of more than 1,200 snowsports retailers. Good snow conditions in late Nov...

SAM Magazine--Taos, N.M., December 11, 2013--Mickey Blake, COO of Taos Ski Valley and son of ski pioneers Ernie and Rhoda Blake, announced today that the family-held corporation has entered into an agreement with conservationist Louis Bacon who will purchase the resort. Blake stated, "Louis and his team have been true partners for many year...

SAM Magazine—Park City, Utah, Dec. 3, 2013—Powdr Enterprises, a division of Powdr Corp., has acquired the Emmy Award-winning television series “World of Adventure Sports Presented by GoPro.” Powdr Enterprises is expanding the show from a television series airing on NBC and NBCSN into a year-round, multi-platform offering tha...

SAM Magazine—Manchester, Vt., Nov. 26, 2013—Bromley Mountain is inviting the public to a free “Introduction to Terrain Based Learning” session Dec. 21 so that first-timers can experience the increasingly popular teaching process based on terrain features. The session runs from 10:30 a.m. to 12 noon and includes an all-day Le...

SAM Magazine—Salt Lake City, Utah, Nov. 26, 2013—With the 2013-14 ski season underway, Ski Utah recently launched an updated website. SkiUtah.com provides extensive trip planning tools, custom detailed weather forecasts, a new travel expert blogger, and large imagery that showcases the resorts—along with a comprehensive look at Ut...

SAM Magazine—Woodbury, Conn., Nov. 22, 2013—More than 50 areas in North America are now open, with dozens more opening this weekend, and with still more resorts set to open on or just after Thanksgiving. Cold weather in the East and Midwest has provided good snowmaking conditions. In the West, snowmaking operations have been suppleme...

SAM Magazine--Queensbury, N.Y., November 22, 2013--After filing for bankruptcy protection last June, West Mountain's future was uncertain. However, as of yesterday, its future looks brighter thanks to the purchase of its first mortgage by the investment group that has been running the area—Apex Capital. As we reported in late October, Zio...

SAM Magazine—Mt. Baldy, Calif., Nov. 19, 2013—For a limited time, Mt. Baldy is offering season passes for $59 to skiers and snowboarders who have never had a Baldy pass before. “It's an almost risk-free way to sample our mountain," said Mt. Baldy president Ron Ellingson. "Passes are intended for skiers and snowboa...

SAM Magazine--Denver, Colo., November 18, 2013--Bookings and occupancy figures continue their summer and fall growth patterns and with nearly half of all bookings already made for the upcoming winter, the mountain lodging industry in the western U.S. is in a position to post record-breaking numbers according to the most recent data released by Dest...

SAM Magazine—Ludlow, Vt., Nov. 14, 2013—A cold wave earlier this week that spread across the U.S. east of the Rockies, along with snow and favorable snowmaking conditions in parts of the West, have enabled dozens of areas across North America to open, either for the coming weekend or for the season. East In the East, Okemo was one...

SAM Magazine--Denver, Colo., November 12, 2013--According to NASDAQ.com, Intrawest Resorts Holdings Inc., filed an initial public offering today with the New York Stock Exchange to raise up to $100 million. Intrawest, which is based out of Denver, operates Winter Park and Steamboat in Colorado, Mont Tremblant in Quebec, Stratton in Vermont and Snow...

SAM Magazine—Breckenridge, Colo., Nov. 7, 2013—Breckenridge, Mammoth, Calif., Lake Louise, Alberta, Brighton, Utah, and Loon, N.H., are among the several areas that are recently opened or opening in the next few days. The start-ups give skiers and riders more options from coast to coast. In California, Boreal Mountain Resort reopened...

SAM Magazine—Truckee, Calif., Nov. 7, 2013—Several Western areas are adding value to their pass offerings. Sugar Bowl Resort has partnered with Sun Valley Resort, complementing a similar deal with Grand Targhee, Wyo., to give Sugar Bowl’s unrestricted and slightly restricted season passholders free skiing at both partner resorts (...

SAM Magazine--Salt Lake City, Utah, November 7, 2013--Ski Utah is bringing its message to Coloradans this weekend during the Denver Ski & Snowboard Expo, held from November 8-10 at the Colorado Convention Center. This marks the first time that any Utah resort will be represented at the show. Ski Utah will represent its 14 member resorts in a 20...

SAM Magazine—Natick, Mass., Nov. 6, 2013—SAM Magazine and Snow Operating LLC, are joining forces to host the first annual Conversion Camp at Jiminy Peak, Mass., March 4-6, 2014. The Conversion Camp will be a total immersive experience for resort operators that examines the complete trial and conversion process for beginners—from t...