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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—Las Vegas, Nev., Feb. 14, 2013—The Association for Challenge Course Technology (ACCT) held its 20th annual conference at the Red Rock Resort Casino and Spa outside Las Vegas, Nev., Feb. 7-10. In addition to showcasing new products and innovations, the conference hosted its first-ever certification test for individual inspec...

SAM Magazine—Girwood, AK, Feb. 11, 2013—Alyeska's Tram reopened to the public this past Saturday, which had been closed for over a month after a wind-related accident damaged one of its cabins. The tram will operate with a specially-designed car to serve as ballast on one side while the damaged cabin is repaired. In the meantime,...

SAM Magazine—Big Bear, Calif., Feb. 7, 2013—A fired police officer who threatened to bring "warfare" to the Los Angeles Police Department has killed three people, including two policemen, and launched a manhunt that led pursuers to his burned-out truck in the Bear Mountain ski area parking lot. The resort closed for the day Th...

SAM Magazine--June Lake, Calif., Feb. 5, 2013-—Residents and visitors can now access backcountry skiing, snowboarding and snowshoeing in and around June Mountain Ski Area for the rest of the winter season. The Forest Service approved a plan this week that outlines how Mammoth Mountain Ski Area (MMSA), owner of June Mountain, will manage the s...

SAM Magazine—San Francisco, Calif., Feb. 5, 2013—The self-proclaimed California Ski and Snowboard Safety Organization (CSSSO), headed by individuals critical of resort safety practices, has released a "Family Safety Report Card" in an effort to prod California areas to become more proactive regarding skier/rider safety. The re...

SAM Magazine—Schladming, Austria, Feb. 5, 2013—U.S. ski racing champion Lindsey Vonn fell hard during the women’s super G event at the World Championships earlier today and was flown by helicopter to a hospital. According to U.S. Ski Team medical director Kyle Wilkens, Vonn suffered a torn ACL and MCL in her right knee and a later...

SAM Magazine—Denver, Feb. 4, 2013—The mood and attendance at the annual SIA Snow Show were better than many suppliers, and perhaps retailers as well, had anticipated. Final figures aren’t available, but traffic appeared at least as strong as last year, and showgoers expressed optimism about the current season and future prospects....

SAM Magazine—Mentone, Calif., Feb. 4, 2013—At least eight people died and 38 were injured in a bus crash Sunday evening on Highway 38, one of the main access roads to Big Bear Lake and its ski areas in southern California. The passengers, most if not all from Mexico, and many of them medical students and their friends from Tijuana, M...

SAM Magazine--February 4, 2013--Stevens Pass Mountain Resort, Wash., has unveiled capital plans for more than $4 million in lift and terrain improvements. A new high-speed detachable quad from Doppelmayr, which will replace a fixed-grip quad and cut the ride time in half, leads the list of improvements. In addition to the new chairlift, the resort ...

SAM Magazine—Orlando, Fla., Jan. 25, 2013—CNL Lifestyle Properties reported significant increases in attendance and revenues at its 17 ski resorts over the Martin Luther King, Jr. holiday weekend. The resorts reported a 37 percent increase in paid visits and a 41 percent increase in revenue compared to the previous year. The Christmas h...

SAM Magazine—Londonderry, Vt., Jan. 25, 2013—Bromley GM Bill Cairns has been named the resort’s president. “Bill’s been with Bromley for 32 years. His first job was ‘lift painter’ and he’s held just about every other position on the mountain, from lift attendant to snowmaker to mountain manager to ...

SAM Magazine—Bariloche, Argentina, Jan. 25, 2013—The International Society for Skiing Safety (ISSS) and the International Society for Traumatology and Winter Sports Medicine (SITEMSH) have opened registration and are seeking abstract submissions for their joint 20th International Congress on Ski Safety This meeting will be held in Sa...

SAM Magazine—Bear Valley, Calif., Jan. 24, 2013—Bear Valley Resort has received final approval for its Environmental Impact Report (EIR) and Master Plan, as well as approval of the Environmental Assessment (EA) for the ski area. These approvals clear the path for a long-planned renovation and expansion. The planning started in 2005, ...

SAM Magazine—Mt. Crested Butte, Colo., Jan. 24, 2013—Crested Butte Mountain Resort has submitted a new Master Development Plan to the U.S. Forest Service. The plan incorporates previous approvals at the main mountain, along with adjacent private land development projects, new proposals for terrain outside the resort’s existing per...

SAM Magazine—Windham, N.Y. Jan. 24, 2013—Electric vehicle drivers can now charge up at three ski resorts across the U.S. Windham Mountain, N.Y., and Mount Abram, Me., have joined first-mover Stevens Pass, Wash., by adding charging stations. Windham unveiled its new ChargePoint charging station last weekend. It is the only one in Gree...