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...

    Read More

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. 

GetNewsButton

 

Plenty Of Snow Worldwide for the Holidays

SAM Magazine-Denver, Dec. 23, 2009-Winter has emphatically arrived, assuring excellent holiday skiing and snowboarding throughout North America and the European Alps, according to international snow conditions roundups from OnTheSnow.com and skiinfo.co.uk. "This is the first time in a number of years where most all of the world's ski resorts wil...

Patrice Malo Named President and COO at Mont Tremblant

SAM Magazine-Mont Tremblant, Que., Dec. 21, 2009-Patrice Malo has been promoted to president and chief operating officer at Mont Tremblant. He will assume responsibility for all aspects of resort operations, real estate and community relations at Tremblant and will report directly to Bill Jensen, CEO at Tremblant parent company Intrawest. Malo b...

Many Injured in Lift Accident at Devil's Head

SAM Magazine--December 18, 2009--More than a dozen people were injured in a lift malfunction at Devil's Head Resort, Wisc., three of them seriously. According to published reports, the Hall double stopped and then started to roll back last night at about 7 p.m. Witnesses described the rollback as very quick. Many people jumped from the lift while o...

Powdr Completes Copper Purchase

SAM Magazine--December 18, 2009--Powdr Corp. today announced that it has successfully closed on its acquisition of Copper Mountain Resort from Intrawest. "We are thrilled to work with the experienced team in place at Copper Mountain and grateful for the opportunity to expand the Powdr family into Colorado," said Powdr CEO John Cumming. It wil...

Destination Travel Picking Up Slowly

SAM Magazine-Denver, Colo., Dec. 18, 2009-Reservations for mountain lodging properties as of Nov. 30 for the 2009-10 season grew for the second straight month compared to last year, according to the monthly report compiled by the Mountain Travel Research Program (MTRiP). Overall occupancy rose, but still remains behind last year, even though lodgin...

Update on Devils Head Lift Accident

SAM Magazine-Merrimac, Wisc., Dec. 18, 2009-At least 14 people were injured in a lift malfunction at Devil's Head Resort, Wisc., three of them seriously though not critically, after a lift rollback incident. The lift, a 1970s Hall double, was full when it stopped and then started to roll back last night at about 7 p.m. All three brake systems fa...

Crested Butte Appeals Snodgrass Decision

SAM Magazine-Mt. Crested Butte, Colo., Dec. 18, 2009-Crested Butte Mountain Resort (CBMR) has filed an appeal with the U.S. Forest Service, disputing the agency's decision last month to reject the resort's proposed expansion onto Snodgrass Mountain without conducting a public review under the National Environmental Policy Act (NEPA). The propose...

Devil's Head Resort, State Inspectors Investigating Accident

SAM Magazine-Merrimac, Wisc., Dec. 18, 2009-A team of investigators including state inspectors, tramway experts and staff members of the Devil's Head resort are conducting an investigation into what led to the lift rollback accident at the resort on Thursday evening. Resort general manager Joe Vittengl said that the resort's entire staff was...

Plake to Tout LASSM on "Today" in January

SAM Magazine-McLean, Va., Dec. 16, 2009-Glen Plake, star of numerous ski adventure films and a frequent visitor to small ski areas on his annual Down Home Tours, will appear on NBC-TV's Today Show Jan. 4, 2010, to talk about learning a snow sport during the Learn a Snow Sport Month (LASSM) promotion. Plake is the national spokesperson for the initi...

Wintersports Retail Sales Recovered in Early Season

SAM Magazine-McLean, Va., Dec. 11, 2009-The snow sports retail market acheived a 12 percent increase in unit sales and a 10 percent increase in dollar sales compared to August through October 2008, according to the SIA Retail Audit. Apparel sales were up 13 percent overall to $242 million, with very strong growth in insulated parkas, apparel suits,...

Bowman Bid Wins Elk Meadows

SAM Magazine-Beaver, Utah, Dec. 11, 2009-Bowman Asset Management has won the bidding for the former Elk Meadows Ski Resort in Beaver County, Utah. The purchase price was approximately $1.6 million. The 1,138-acre property had been valued as high as $5 million. The purchase does not necessarily end the dream of developers who had hoped to rechris...

Otten's Ad Airs

SAM Magazine--December 8, 2009--Les Otten, former head of the American Skiing Company, aired his first commercial in his bid to be governor of Maine. Otten is running for the Republican pick in a combined field of over 20 candidates. About his race, Otten told SAM, "I have spent 37 years on the business side of Federal and State Government laws...

Vail Resorts Reports First Quarter Figures

SAM Magazine--December 8, 2009--Vail Resorts released its first quarter numbers for fiscal 2009, which were down from 2008. Overall revenue dropped 47 percent, from $152.8 million in the first quarter of 2008, to $80.8 million in 2009. In the mountain segment, revenue was $40.8 million, compared to $42.5 million in the first quarter of fiscal 20...

Romney to Be Keynote Speaker at NSAA Convention and Trade Show

SAM Magazine--Lakewood, Colo., December 7, 2009--The National Ski Areas Association (NSAA) today announced that Mitt Romney, former Massachusetts governor and likely frontrunner for the Republican presidential nomination in 2012, will be the keynote speaker at its annual National Convention and Tradeshow to be held May 2 to 5 in Orlando. As preside...

Mauch Joins Leitner-Poma

SAM Magazine--Grand Junction, Colo., December 4, 2009--Jon Mauch is joining the Leitner-Poma of America team in late January in Grand Junction. Mauch comes with decades of industry experience, most recently at Vail Resorts where he was the lift director at Keystone and Breckenridge. This experience will contribute to improvements in Leitner-Poma's ...