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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-Avon, Colo., Dec. 4, 2009-iPhone apps for skiers are starting to multiply. The latest to join the Apple universe: Resort Technology Partners (RTP), and Perfect North Slopes, Ind. RTP's REALSKI introduces augmented reality (AR), a new mobile phenomenon made possible by the iPhone 3GS, to navigate trails and on-mountain features at se...

SAM on the Road visited Woodward at Copper on a Thursday afternoon in late October, when the rest of the resort was closed up for the offseason. A snowstorm had snarled traffic on Interstate 70 from Kansas to the Continental Divide, and there was more energy and action at Woodward at Copper than just about anywhere else along the highway that day. ...

SAM Magazine--Reno, Nev., December 2, 2009--Sky Tavern's local ski program sustained damage to its lodge in a November 28 fire, but is slated to open for its normal program in early January. While the final report is not yet complete, the fire is suspected to have been electrical in origins. An employee apartment was completely destroyed, but much ...

SAM Magazine and www.skiinfo.co.uk-Woodbury, Conn., Dec. 2, 2009-Warm temperatures and lack of snowfall have delayed the season in eastern North America, but the season is underway in many other parts of the Northern Hemisphere, from Whistler to Zermatt. In the eastern half of the United States, a prolonged warm spell that stopped virtually all ...

SAM Magazine--December 1, 2009--Skiset, a European ski and snowboard rental company, has expanded to North America and plans to partner with over 70 stores in the U.S. and Canada this coming season. Skiset has launched its North American websites, www.skiset.us and www.skiset.ca, and will sell directly to the consumer. Skiset allows customers to...

SAM Magazine--Ludlow, Vt., November 24, 2009--"Ski" Magazine is holding its ski gear test at Okemo Mountain Resort and the area's customers will be invited to participate. Held over two days, December 12 and 13, the event has been dubbed the Super Demo and People's Ski Test. Representatives from 10 major manufacturers and the editors of "Ski" will ...

SAM Magazine--Ennis, Mont., November 19, 2009--Moonlight Basin Ranch announced that the company and its subsidiaries filed voluntary petitions in U.S. Bankruptcy Court for reorganization under Chapter 11. Moonlight is seeking the protection in the face of Lehman Brothers' efforts to foreclose on an outstanding loan. In addition, Lehman Brothers ...

SAM Magazine--November 17, 2009--Intrawest and Powdr Corp today announced they have entered into a definitive purchase agreement to sell Intrawest's interests in Copper Mountain to Powdr Corp. The transaction is anticipated to close in December 2009 and the agreement is subject to regulatory approvals including the issuance of a U.S. Forest Service...

SAM Magazine--November 11, 2009--After years of planning, Crested Butte, Colo., was denied permission to expand onto Snodgrass, which would have given the resort 276 new acres of terrain. According to the Denver Post, The U.S. Forest Service rejected the resort's master plan and blocked its application for a National Environmental Policy Act (NE...

SAM Magazine--Boise, Idaho, November 9, 2009--A group of homeowners at Tamarack Resort that have been trying to keep the resort from permanently closing down, will have their day in court. According to published reports, a judge will let the homeowners intervene in a foreclosure lawsuit, which includes the Credit Suisse Group, as several companies ...

SAM Magazine--November 9, 2009--The New Zealand Ski Area Association announced that the country hosted a record 1,529,000 ski and snowboard visits in 2009, up from 1,402,000 visits in 2008. About 35 percent of total visits are from Australia, 15 percent are other international visitors, and 50 percent are domestic. Mt. Ruapehu's marketing man...

SAM Magazine-Bessemer, Mich., Nov. 9, 2009-An investor from Oshkosh, Wisc., with close ties to Blackjack Mountain has purchased this area in Michigan's UP. Rick Schmitz, owner-operator of Nordic Mountain Ski Area in Wisconsin, will now manage Blackjack as well. To help Schmitz manage two resorts that are about three and a half hours apart, Nordi...

SAM Magazine--November 6, 2009--Intrawest today announced a leadership change at Mont Tremblant in Quebec. Charles Massicotte, president and COO, has tendered his resignation and will leave Intrawest on November 19, 2009, to pursue a new career opportunity. "Charles is a dynamic leader and his contributions have been instrumental to the success ...

SAM Magazine-Keystone, Colo., Nov. 5, 2009-After a late-October storm dropped snow across much of the central and northern Rockies, augmenting snowmaking operations, more resorts are opening for the season. And, with another storm approaching the West Coast this weekend, more areas are likely to open in the next week. In California, Mountain Hig...

SAM Magazine-Breckenridge, Colo., Nov. 4, 2009-Breckenridge voters overwhelmingly approved a measure to make it legal to possess 1 ounce or less of marijuana, as the issue received 71 percent support in Tuesday's election. As a result, effective Jan. 1, people 21 and older in Breckenridge will be able to legally possess small amounts of marijuan...