News Search
SAM Headline News
HEADLINE NEWS
FEATURED STORY
-
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...
Get SAM Headline News delivered to your inbox. It's not just another email—it's industry news and special reports that matter to you, coming from the industry's trusted resource.

SAM Magazine--Jay, Vt., August 22, 2013--Jay Peak Resort announced that it has signed an agreement to host the 2016 Porsche Club of America's Porsche Parade. The event will bring more than 2,000 Porsche owners from around the country, and reps from the Porsche factory to Jay Peak for 10 days in mid-June 2016. The parade represents the largest p...

SAM Magazine--Newry, Maine, August 22, 2013--Sunday River Resort announced that it has added 75 acres of terrain, becoming the second largest mountain resort in New England (behind Sugarloaf), with a total of 820 acres. Included in the new terrain is T72, a 15-acre terrain park trail, and five new gladed areas, all set to open for the 2013-14 seaso...

SAM Magazine--Queensbury, N.Y., August 19, 2013--As of August 15, West Mountain, N.Y., will be operated by Apex Capital and will open this winter. According to the Post Star, the group parted ways with the former ski area owner, Mike Barbone, but will now have full control over the resort. Barbone filed for Chapter 11 bankruptcy in June and, rather...

SAM Magazine--Denver, Colo., August 19, 2013--At the halfway point of summer, lodging properties from 17 participating western mountain resorts are seeing steady crowds this summer and are on pace to be the busiest ever according to the most recent data released by Destimetrics. The measurements are from data collected through July 31 and reflect o...

SAM Magazine—Rutland, Vt., Aug. 15, 2013—Okemo Mountain Resort, Killington Resort, Pico Mountain at Killington and Mount Sunapee Resort have partnered to introduce 4.0 The College Pass for undergraduate and graduate students. For $369 (plus tax) students get unlimited skiing and riding at all four areas. The deal is available for purcha...

SAM Magazine—Big Sky, Mont., Aug. 15, 2013—Yellowstone Club owner CrossHarbor Capital Partners, in partnership with Boyne Resorts, which operates Big Sky Resort, are acquiring Moonlight Basin from Lehman Brothers Holdings, which owned Moonlight through a 2012 bankruptcy sale. The deal is expected to close within the next several weeks. ...

SAM Magazine--Terreboone, Que., August 9, 2013--After 18 years at the helm of the Québec Ski Areas Association (ASSQ), Claude Péloquin will be leaving his position on September 6 to become the CFO at Ski Bromont. Under Péloquin's leadership, the ASSQ established an insurance program, developed a range of professional suppor...

SAM Magazine--Whistler, B.C., August 8, 2013--Whistler Blackcomb Holdings Inc. reported financial results for the three months and nine months ended June 30, 2013. The corporation holds a 75% interest in Whistler Blackcomb. The company reported a 25% drop in skier visits for the third quarter, which went from 332,000 to 249,000, and a 4% decrease f...

SAM Magazine--Vail, Colo., August 8, 2013--Intouch Technology Group, formed in 1993 to develop the Ultima product suite for the wintersports industry and recreational facilities, has joined forces with Trojan Holdings, a New Zealand-based tourism company that operates three ski areas in the southern Alps. As a result of the merger, Intouch appointe...

SAM Magazine--Utah, August 8, 2013--On the heels of the annoucement by Alta, Snowbird, Deer Valley and Park City that each of their season pass holders can enjoy priveleges at any of the four areas, Brighton Resort and Solitude teamed up to offer the Big Cottonwood Pass for $999. The joint pass is valid at both resorts with no blackout dates. The t...

SAM Magazine—Mars Hill, Maine, Aug. 6, 2013—The nonprofit Maine Winter Sports Center (MWSC), which has owned the Bigrock Mountain community ski area here since 2000, hopes to turn over the area to the community of Bigrock supporters. MWSC expects the community will fund operations and establish a new non-profit to operate the area, much...

SAM Magazine—Aspen, Colo., Aug. 5, 2013—The Mountain Collective, an alliance of independent mountain resorts—Aspen/Snowmass, Whistler, Alta, Snowbird, Squaw Valley/Alpine Meadows, Jackson Hole, and Mammoth—and Protect Our Winters (POW) are partnering in an effort to unite the winter sports community on climate change. The...

SAM Magazine—Killington, Vt., Aug. 1, 2013—Killington is making beginning adult skiers an amazing offer: complete a four-lesson package and receive a new pair of Elan eRise skis—along with discounts on boots and poles, and half-price lessons and lift tickets through the 2014-15 season. The details: the $249 learn-to package inc...

SAM Magazine—Park City, Utah, Aug. 1, 2013—Qualifying season’s passholders at Alta, Deer Valley, Park City Mountain Resort and Snowbird will receive three free days at each of the other resorts in the group for the 2013-14 season. The free tickets will be honored seven days a week, except for Dec. 21-Jan. 5 and Feb. 15-17. Elig...

SAM Magazine—Big Sky, Mont., July 25, 21013—CrossHarbor Capital, which owns the Yellowstone Club, and Boyne Resorts, which owns Big Sky Resort, have jointly purchased The Club at Spanish Peaks, a 5,700-acre upscale residential development near Big Sky, for $26.1 million. The private community filed for Chapter 7 bankruptcy in 2011. I...