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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—Telluride, Colo., Nov. 7, 2013—Telluride Ski Resort has brought in four industry veterans to fill out its management team, headed by president and GM Greg Pack, who assumes his new role Nov. 19. Pack, a Colorado native, will oversee resort operations and the planning of ski, lodging, culinary service, marketing, guest se...

SAM Magazine—Ishpeming, Mich., Nov. 6, 2013—Six athletes and sport builders have been elected to the U.S. Ski and Snowboard Hall of Fame for their contributions to the sport. Honorees include big mountain skier Scot Schmidt, freestyle pioneer and world champion John Clendenin, 2006 Olympic moguls bronze medalist Toby Dawson, freestyle a...

SAM Magazine—Copper Mountain, Colo., Oct. 31, 2013—Several resorts are opening for the season on Friday, Nov. 1, as the season begins to pick up steam. The resorts include Copper Mountain and Keystone in Colorado, Boreal, California, and Mt. Norquay, Alberta. Copper will open terrain off the American Eagle chairlift and in the Easy R...

SAM Magazine—Frisco, Colo., Oct. 31, 2013—In an attempt to ease housing pressures for employees of the resorts that populate the I-70 corridor in Colorado, the U.S. House of Representatives has approved a bill to convey 40 acres of White River National Forest to Summit County, Colo., so that the county can establish affordable housing o...

SAM Magazine--October 30, 2013--Foreclosures, bad economy and more have taken their toll on all industries worldwide, and the mountain resort industry is no different. But, let's start with some good news. In New Hampshire, Whaleback Ski Area announced its closure this year after the owners were foreclosured on. In August, the bank tried to auc...

SAM Magazine—Breckenridge, Colo., Oct. 24, 2013—Breckenridge Ski Resort will offer an exclusive perk for guests staying in resort-owned lodging properties this winter: First Tracks Fridays. This program will allow guests staying at official Breckenridge Ski Resort lodging properties to access a designated chairlift on Peak 9 one hour be...

SAM Magazine--Vancouver, B.C., October 24, 2013--Tourism British Columbia launched a new website this week called Ski It To Believe It. The site features comprehensive stats for 13 B.C. resorts, including Apex, Big White, Fernie, Kicking Horse, Kimberley, Mount Washington, Panorama, Red Mountain, Revelstoke, Silver Star, Sun Peaks, Whistler Blackco...

SAM Magazine—Colorado Springs, Colo., Oct. 24, 2013—The U.S. Olympic Committee has named Ted Ligety 2012-13 Olympic SportsMan of the Year, its highest annual individual athlete honor. The 2006 Olympic gold medalist won three gold medals at the 2013 FIS Alpine World Ski Championship and six Audi FIS Alpine World Cup giant slalom victorie...

SAM Magazine--Whitehorse, Yukon, October 23, 2013--After receiving news early this summer that the City Council of Whitehorse rejected a request for $400,000 to continue to operate Mount Sima, a community ski hill, a group called Friends of Mount Sima rallied and raised more than $200,000 through fundraising efforts and season pass sales and announ...

SAM Magazine—Georgetown, Colo., Oct. 18, 2013—Loveland Ski Area has became the second resort in Colorado to open for the 2013-14 season, with Wolf Creek set to become the third on Saturday. Loveland opened yesterday with a single 1,000-vertical-foot run on a combination of natural and machine-made snow, and added a second run today. ...

SAM Magazine--Aspen, Colo., October 15, 2013--The Aspen Skiing Co. has thrown its hat in the ring to host the World Cup Finals at Aspen Mountain in 2017. According to the Aspen Daily News, Aspen has been hosting annual World Cup races for women and, on the men's side, last hosted a men's downhill in 2001. The last World Cup Finals held in N...

SAM Magazine--Denver, Colo., October 15, 2013--As early snowstorms and cold weather fronts moved across the California, Utah and Colorado mountains, bookings among participating resorts continued their upward trend in pacing and revenues. In the most recent data released by the Denver-based DestiMetrics (formerly known as Mountain Travel Research P...

SAM Magazine--Kansas City, Mo., October 14, 2013--EPR Properties announced that it is the entity that purchased Camelback Mountain Resort in Tannersville, Pa. for close to $70 million. The resort consists of 160 acres of skiable terrain and includes a waterpark, an outdoor adventure park, a 40-lane tubing facility and base lodge. The resort hosts 9...

SAM Magazine—Arapahoe Basin, Colo., Oct. 11, 2013—Arapahoe Basin Ski Area will open Sunday, Oct. 13, 2013, marking the official start to the Colorado ski and snowboard season. Early-season snow, low temperatures and snowmaking upgrades have made it possible for A-Basin to open four days earlier than last season. The Black Mountain Ex...

SAM Magazine—Lakewood, Colo., Oct. 11, 2013—The National Ski Areas Association (NSAA) today released its 13th Sustainable Slopes Annual Report detailing the ski industry’s progress in implementing the principles of its Environmental Charter during the 2012-13 season. Among the highlights: • 115 ski areas endorsed the Cl...