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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—June Lake, Calif., Nov. 9, 2012—June Mountain Ski Area will be closed this winter, but will re-open for the 2013-14 winter season, Mammoth Mountain CEO Rusty Gregory said earlier this week. June, which is owned by Mammoth Mountain, was closed last spring after several seasons of operating in the red. Gregory said that Ma...

SAM Magazine—Breckenridge, Colo., Nov. 8, 2012—Resorts across North America have opened or are opening this week, from Mont Saint-Sauveur, Quebec to Breckenridge, Colo. Some are launching daily operations, while others will shut down midweek. Among the recent and imminent openings: Sunday River opened Nov. 6, and is offering top-to b...

SAM Magazine—McLean, Va., Nov. 8, 2012—Retail sales increased 2 percent in units and 1 percent in dollars in August and September, according to the SIA RetailTRAK. This put sales at a four-season high in both units and dollars, with notably strong sales in the alpine equipment and accessories categories. The report is based on informati...

SAM Magazine—Camden, Maine, Nov. 8, 2012—Jeff Kuller, the popular director of parks and recreation, including the Camden Snow Bowl, died Nov. 4. He was cutting a tree limb in his yard when he suffered a head injury and died. Since 2004, Kuller had created a series of successes for Camden and the larger community that skis, hikes, and...

SAM Magazine--November 6, 2012--Northstar, California, released its Mountain Master Plan (NMMP) today, outlining what the future holds with regard to on-mountain improvements and additional recreational opportunities at the resort. The plan, submitted to Placer County for environmental review, outlines mountain improvements proposed at Northstar ov...

SAM Magazine—Boston, Mass., Nov. 6, 2012—Vermont’s ski resorts are launching a fundraising campaign this week in Boston, and online, to help residents of New York, New Jersey and Connecticut impacted by super storm Sandy. Dubbed Operation Mountains of Love, all of the funds raised will go to the American Red Cross Disaster Relief ...

SAM Magazine—Frisco, Colo., Nov. 1, 2012—Copper Mountain and Keystone Resort will both open for the season on Friday, Nov. 2. At Copper, the American Eagle chairlift starts turning as Copper launches its 40th season. Guests will be riding and skiing off of the American Eagle chairlift and access two Woodward at Copper terrain parks, ...

This article has been updated to include a statement from Canyons owner Talisker regarding future consideration of its SkiLink proposal. SAM Magazine—Salt Lake City, Utah, Nov. 1, 2012—More than 80 companies and conservation groups have signed a petition initiated by ski equipment supplier Black Diamond to oppose SkiLink, a proposal ...

Banner Elk, N.C., Oct. 30, 2012—Trick or treat, Superstorm Sandy has brought more than a foot and a half of snow to resorts in the Southeast and mid-Atlantic states, prompting a few to open for the season. Sugar Mountain and Cataloochee, N.C., will open on Halloween, Oct. 31. This marks the earliest-ever opening for Sugar, and Cataloochee&rsq...

SAM Magazine--October 22, 2012--Jim Spring, founder of Leisure Trends Group (LTG), died early Monday morning while battling throat cancer. Spring founded LTG in 1989 and over the past 23 years developed and led the company to become one of the authorities in the sporting goods and specialty retail industries. Spring started his career in the ind...

SAM Magazine—Lakewood, Colo., Oct. 22, 2012—The ASTM F24 Amusement Rides and Devices Committee approved the first version of the Aerial Adventure Course Standard, which includes zip lines, ropes courses, challenge courses, aerial trekking courses, and canopy tours. This new standard establishes criteria for the design, manufacture, inst...

SAM Magazine—Union Dale, Pa., Oct. 22, 2012—Elk Mountain and its neighboring resort community, the Village of Four Seasons, have been squabbling over property issues. The latest tiff: the Village has lodged a lawsuit against the ski resort, charging that the resort wrongly claimed and transferred a section of the village's property ...

SAM Magazine--October 21, 2012--Ski Utah announced the launch of the new Ski Utah magazine and a redesigned website. The inaugural magazine is a different product more focused on imagery, polished writing, insider tips and more. “After years of producing a factual vacation planner, it was time to re-invent the wheel and feed the dream and asp...

SAM Magazine--October 17, 2012, Jay, VT--Jay Peak Resort today announced that it is lowering the prices of all its lift tickets. For example, a single-day lift ticket last year was $75, but will be $64 this season. Ten dollars will be taken off each additional day purchased. The move comes while the area undergoes a $500 milion renovation....

SAM Magazine--October 17, 2012--Sunshine Village Ski and Snowboard Resort has named Dave Riley as senior VP and COO of the Banff resort. Riley was most recently CEO at Telluride and before that president of Mt. Hood Meadows....