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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-Denver, Colo., June 10, 2010-Colorado skier and rider visits for the 2009-10 season, including non-member resorts, are once again approaching the 12 million visit threshold, ending the year at 11.86 million, according to Colorado Ski Country USA (CSCUSA). At its 47th annual meeting today, the organization reported that its 22 member re...

SAM Magazine--June 11, 2010--Following the annual general meeting of the Québec Ski Areas Association (ASSQ), the members have elected a new president, Christian Dufour, client experience director for Mont Saint-Sauveur, Mont Avila and the Mont Saint-Sauveur Water Park. At age 33, Dufour becomes the youngest president to date of the association...

SAM Magazine--June 11, 2010--During its 47th annual meeting, Colorado Ski Country USA (CSCUSA) announced the addition of a major new component to its 5th grade passport program: one complementary ski lesson, including rental equipment, for 5th grade passport holders who are new to the sport. Lessons will be provided during the month of Januar...

SAM Magazine--Stratton, Vt., June 9, 2010--The Vermont Ski Areas Association announced at its annual meeting that Vermont's ski resorts recorded 4,125,082 skier visits for the 2009-10 season. This marks a 1.4 percent increase over the prior season's tally and tracks with the 5-year average. "With below-average snowfall, below-average days of op...

SAM Magazine--June 9, 2010--www.skiinfo.co.uk reports that the number of ski areas open worldwide continues to rise despite more areas closing for the season in Austria, Sweden, Switzerland and the U.S. That's because the southern hemisphere's ski season has kicked off at resorts in Chile and New Zealand and, next week, Australia, Canada and France...

SAM Magazine-Antalya, Turkey, June 8, 2010-Delegates at the 47th International Ski Congress of the International Ski Federation (FIS) decided to advance ski halfpipe, women's ski jumping, and snowboarding slopestyle and team snowboardcross toward possible inclusion in the 2014 Olympics. The FIS is proposing that ski halfpipe for both men and wom...

SAM Magazine--Vail, Colo., June 3, 2010--Vail and Beaver Creek Resorts were selected by the International Ski Federation (FIS) Council to host the 2015 World Alpine Ski Championships. This will be the third FIS World Championships for the resorts, which previously hosted the 1989 and 1999 Championships. "Vail and Beaver Creek Resorts are hono...

SAM Magazine-Beloeil, Quebec, May 27, 2010-After more than 30 years as the driving force behind Ski Press, Jean-Marc Blais has left the company. "The time has come for a new chapter in my life. I am leaving Ski Press today for new and exciting challenges," he told friends via email. Blais got his start in publishing in 1979 when, as a ski club o...

SAM Magazine-Broomfield, Colo., May 28, 2010-Vail Resorts (VR) has acquired Mountain News Corporation (MNC), which operates OnTheSnow.com. Terms of the acquisition were not disclosed. Following the acquisition, Chad Dyer will continue to oversee operations as global managing director. Craig Altschul remains as global editor-in-chief of the site....

SAM Magazine-Hardyston, N.J., May 27, 2010-Crystal Springs Resort, an upscale resort company based here, has purchased Mountain Creek resort from Intrawest. The acquisition creates a comprehensive four-season resort destination: Spanning five miles through four townships (Vernon, Hardyston, Hamburg, Franklin), the combined resorts encompass 15,000 ...

SAM Magazine-North Woodstock, N.H., May 26, 2010-New Hampshire alpine ski and snowboard resorts recorded a total of 2,228,571 alpine skier and snowboarder visits in 2009-10, a slight decline of 2.6 percent from the winter of 2008-09, which was the third best on record in New Hampshire. The season was 4 percent above the state's 10-year average for ...

SAM Magazine-McLean, Va., May 25, 2010-Active Interest Media (AIM) and veteran snow sports editor/publisher Andy Bigford will produce the "Snow Show Daily" at the 2011 SIA Snow Show Jan. 27-30, 2011, according to Snow Industries America president David Ingemie. "No other company can match the combination of snow sports experience, relationships,...

SAM Magazine-Los Angeles, May 24, 2010-The 2010 Olympics in Vancouver produced and Universal Sports is taking a unique look at many of the heroes, highlights and human stories from the 2010 Olympics in "Visions of Vancouver," a documentary premiering on Universal Sports network on Monday, May 24, at 7 p.m. ET. The show will feature Olympic medalist...

SAM Magazine-Shaver Lake, Calif., May 24, 2010-The purchase of Sierra Summit Mountain Resort by ski industry veteran Tim Cohee closed last Friday after a brief delay, due to the issuing of a new 40-year Special Use Permit by the United States Forest Service. As SAM reported earlier, Cohee immediately returned the resort to its former name, China Pe...

SAM Magazine-Broomfield, Colo., May 21, 2010-Vail Resorts plans to spend $75 million to $85 million on resort projects for the 2010-2011 ski season. Major projects include a high-speed quad at Vail to upgrade the area's original Back Bowls Chair 5, currently a triple chair, a new 14,750 square foot restaurant atop the Heavenly Gondola, and continu...