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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-Warren, Vt., June 15, 2011-Vermont and New Hampshire resorts posted strong visit totals for the 2010-11 season, according to data released today. Vermont's ski resorts recorded 4,365,906 skier visits for the season, while New Hampshire resorts tallied 2,355,100 skier visits. The season in Vermont was the best since 2004-05 and maint...

SAM Magazine--June 13, 2011--After failing to appear in court for the second time, majority owner of Tamarack, Jean-Pierre Boespflug, was found in contempt by an Idaho judge. According to cnbc.com, Boespflug was ordered to appear in state court after missing a hearing in May and as a result of his second no-show, the judge ordered his arrest and st...

SAM Magazine-Breckenridge, Colo., June 12, 2011-The U.S. Forest Service has approved Breckenridge Ski Resort's Peak 6 expansion plan despite opposition from some environmental groups. The draft EIS, released on Friday, would allow the area to add 550 acres of lift-served and hike-to terrain, a six-pack detachable chairlift, and a 150-seat lodge at ...

SAM Magazine-Broomfield, Colo., June 12, 2011-According to initial tallies by Vail Resorts (VR), Vail Mountain set a new record for season visits during the 2010-11 season. The ski area saw 1.75 million skier visits, up 9.2 percent from the previous winter. Third quarter profitability also increased, by 5.6 percent, over the prior season, totaling...

SAM Magazine--June 12, 2011--The state of Maine has released a report on the chairlift accident at Sugarloaf citing several factors. The accident, a deropement, occurred at 10:30 a.m. on December 28, 2010 with the lift fully loaded. Eight people sought medical attention as a result. The report stated that while the exact cause of the incident ca...

SAM Magazine-June 7, 2011-The operating partners of Jiminy Peak, Mass., and Cranmore Mountain Resort, N.H., Brian and Tyler Fairbank, have been tapped to run Bromley Mountain in Vermont. The Fairbanks and Bromley owner Joseph O'Donnell have signed a management agreement that places the Fairbanks in charge of all aspects of Bromley resort operations...

SAM Magazine-Hancock, Mass., June 6, 2011-The 2nd Annual SAM Summer Ops Camp, which affords managers and operators a chance to uncover the benefits and pitfalls of other-season activities, will move its dates from September to October 3-5 at Jiminy Peak, Mass. The move to October is to avoid any conflict with the Fall trade shows in September at Su...

SAM Magazine-Windham, N.Y., June 7, 2011-Yes, you can go home again. Windham Mountain president and general manager Tim Woods will assume ownership of the Woods Valley Ski Area in Westernville, NY, about 15 miles northwest of Utica, in early fall 2011. Woods will continue to serve as president and GM at Windham Mountain through the end of the 2011-...

SAM Magazine-Taos, N.M., June 6, 2011-Spiking temperatures over the past week have kicked off the western wildfire season, and ski areas are starting to feel the heat. Last week, the Osha wildfire in northern New Mexico threatened the Sipapu Ski Area, forcing residents to evacuate the area. The fire is blamed on downed power lines from a fallen ...

SAM Magazine-Edwards, Colo., June 6, 2011-Colorado Mountain Express (CME), owned by Vail Resorts, will offer daily shared-ride shuttle service from downtown Denver to both Summit County and Vail. Denver visitors and residents can enjoy a daytrip or overnight getaway to the mountains without hassling with I-70 traffic. And residents of Summit...

SAM Magazine-Grand Junction, Colo., June 1, 2011-Western Colorado's Powderhorn Ski Resort will be offered for sale at auction on Aug. 4. The resort, which consists of 44 trails and four lifts on 1,600 acres, is located on the Grand Mesas outside of Grand Junction. The sale is being conducted by J.P. King, a brokerage that specializes in high val...

SAM Magazine-Sandy, Utah, June 1, 2011-It's official, this year is one for the record books. With Snowbird still open, Utah resorts have chalked up a near-record number of approximately 4.2 million skier day visits during the 2010-11 winter season. The number represents four-percent growth over the prior year, making this winter the second best in ...

SAM Magazine-La Parva, Chile, May 26, 2011-La Parva, located 50 kilometers outside of Santiago, Chile has unveiled a comprehensive plan designed to develop the freeride and freeski potential of the resort intended to make it a world-class freeride and freeski destination. Now that men's and women's ski halfpipe are in the 2014 Olympics, "We knew...

SAM Magazine-McLean, Va., May 26, 2011-SnowSports Industries America (SIA) has retained Reese Brown and his company, RDB Marketing & Event Services, as Nordic program director. Under the agreement, Brown will manage SIA's Winter Trails program and the SIA Snow Show's Nordic On-Snow Demo. The relationship is not a new one. For the past nine years...

SAM Magazine-Girdwood, Alaska, May 26, 2011-The Mountain Rider's Alliance (MRA) and its Manitoba Mountain Ski Area Restoration Project, which aims to restore lift access to a ski area that last operated in 1960, continue to move forward. The plan for the area, located on the Kenai Peninsula in Alaska, was introduced at a mid-February public forum i...