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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--Beaver, Utah, November 2, 2009--The defunct Elk Meadows Ski Area is now up for auction on-line at www.lfc.com/820r2. Minimum bid for the 1,100-acre property is $1,000,000 and the suggested value is $5,150,000. The ski area includes 36 trails, two lodges, six lifts and nine condos. In 2004, Elk Meadows went bankrupt and has remained...

SAM Magazine--November 2, 2009--Welch Village Resort, Minn., announced that they have contracted with Doppelmayr CTEC to design a new, eco-Drive four-passenger chairlift for installation in 2010. The new lift will replace a double chairlift installed in 1970. The new quad eco-Drive chairlift will be the second at Welch Village and the fifth in t...

SAM Magazine--Broomfield, Colo., November 1, 2009--Vail Resorts announced that Doug Lovell was promoted to COO and VP of Keystone Resort, effective immediately. Lovell will oversee all operations for the resort and will report directly to Blasie Carrig. co-president of the company's Mountain Division. Lovell will hit the ground running since the...

SAM Magazine--October 28, 2009 www.Skiinfo.co.uk is reporting a week of fresh snowfalls all over Europe allowing many resorts to open their doors. With Kitzbuhel, Austria's earliest ever opening this past weekend, following Planai the week before that, as well as seven glaciers areas to choose from, Austria continues to offer the biggest choice ...

SAM Magazine--Waterville Valley, N.H., October 27, 2009--Waterville Valley has come up with a learn-to-ski and -ride deal in honor of the 21st Winter Olympic Games. Three "WV Learn to Ski and Ride Weekends" are on the resort calendar, December 12 and 13, 2009, January 9 and 10 and March 20 and 21, 2010. Each weekend will feature the resort's Olym...

SAM Magazine--October 27, 2009--Consistently cold temperatures across The Continental Divide have made for ideal snowmaking conditions at Loveland Ski Area. Tomorrow, October 28, Loveland Ski Area will open Chair 6 for the season. Loveland Ski Area opened its terrain park on October 23. With the addition of Chair 6, Loveland will be operat...

SAM Magazine-Park City, Utah, Oc. 22, 2009-Vail Resorts is no longer seeking control of The Canyons, it said in a court filing in Denver on Tuesday. VR had claimed in 2008 that American Skiing Company had breached a contract to sell the resort to VR. After it failed to block the sale, VR continued to pursue control of The Canyons. VR's latest annou...

SAM Magazine-Vancouver, B.C., Oct. 20, 2009-Intrawest and Sprint have formed a strategic alliance that will put Sprint's mobile devices, voice plans and air cards in the hands of Intrawest's staff at Copper Mountain and Steamboat Resort in Colorado. In return, the three-year agreement gives Sprint the exclusive right to promote, advertise and marke...

SAM Magazine-Denver, Oct. 20, 2009-Market indicators in most sectors of the economy remained mixed through Sept. 30, and continued to depress lodging reservations for the next six months at mountain travel destinations in the West, according to the most recent data from the Mountain Travel Research Program (MTRiP). But early bookings for January an...

SAM Magazine-Boise, Idaho, Oct. 20, 2009-Homeowners at Tamarack Resort, hoping to secure a $7.9 million loan to fund skeletal operations for the upcoming season, had their day in court on Monday. However, it is far from certain that the judge will agree to the conditions necessary to obtain the loan. Homeowners said they worry that lifts and oth...

SAM Magazine-Mammoth Lakes, Calif., Oct. 16, 2009-Mammoth Mountain and Great Divide, Mont., join the growing ranks of areas that are now open for the season. In addition, Mount Snow, Vt., hopes to open for a fundraising event this weekend. Mammoth Mountain opened its doors today with a 24-inch base and free lift tickets for every customer. A sto...

SAM Magazine--Newry, Maine, October 14, 2009--Sunday River announced its opening today--the first in the East for the third year in a row. This year's opening is 13 days before its last two openings. Sunday River offered free skiing and riding this afternoon from 1:00 until 3:30 p.m. Sunday River received three inches of natural snow yesterday,...

SAM Magazine--October 9, 2009--The former mountain manager at Titus Mountain, N.Y., Zachary White, was ordered to pay the National Grid $25,000 for electricity he stole at the ski area. According to published reports, White also has to pay the state $15,000 for environmental violations, namely dumping raw sewage into a drainage ditch that led to a ...

SAM Magazine--October 8, 2009--Boreal's snowmaking efforts are about to pay off--the Tahoe resort will turn its first lift tomorrow, the earliest opening in the resort's history. Boreal will also be the first resort to open in California. A quad will operate from 9 a.m. to 4 p.m. and lift tickets will sell for $15 for kids 12 and under and $30 for ...

SAM Magazine-- Hancock, MA, October 8th, 2009--In our fourth video edition of "SAM on the Road," we visited Jiminy Peak's Adventure Park. Installation of the park began in 2006 with Wiegand's Mountain Coaster and the replacement of the old 1973 cement Alpine slide with Alpine Product's Super Slide non-abrasive fiberglass track. After that, they add...