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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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In every issue of SAM we run a section called "SAM on the Road"-- a photo wrap up of happenings in the industry. Now, with the help of a helmet cam, SAM on the Road will be... in Action. This video kicks off a series of resort profiles featuring summer attractions across the country. These profiles will also be covered more in-depth in our Summe...

SAM Magazine--July 21, 2009--The purchase of the Yellowstone Club by Cross Harbor Capital Partners, LLC, was completed on July 17. Boston-based CrossHarbor, which includes several members of the private ski and golf club in Montana, will manage the property with Discovery Land Company. "Today the Club emerges from Chapter 11 as a well capitaliz...

SAM Magazine-Telluride, Colo., July 14, 2009-While Telluride Ski Resort is keeping its base 2009-2010 season pass pricing the same as last season, those who buy early can receive substantial discounts. For example, if four adults purchase season passes (the 4Pass) together during the annual Pass Sale Aug. 3 to Oct. 30, the price drops to the 2007 r...

SAM Magazine-Bariloche, Argentina, July 13, 2009-Catedral ski area in Bariloche, Argentina, the biggest ski area in South America, is selling an online ski pass this winter enabling guests to purchase ski passes wherever they are with a credit card. The online ski pass then automatically downloads to a KeyCard or Proximity Card electronic lift tick...

SAM Magazine-Mount Prospect, Ill., July 13, 2009-According to data in the NSGA Sports Participation survey, there were 6.5 million Americans age 7 or older who skied more than once in 2008, along with 5.9 million snowboarders. Those figures represented increases of 1.9 percent and 15.6 percent, respectively, from 2007. Snowboarding was one of six s...

SAM Magazine-London, England, July 13, 2009-The Snow Train, which operated an overnight sleeper service between London and the French Alps, has been discontinued by operator Rail Europe for the coming winter. In operation for 20 years, the service was famous for its high quality staff and low quality rolling stock. It had been reported to be doing ...

SAM Magazine-Bend, Ore., July 9, 2009-Mt. Bachelor has introduced innovative, season-long, conditions-based pricing for single day tickets for 2009-10. The area has also released its season pass programs, including a payment plan to spread payments over several months, along with a guide that points out the most appropriate pass and day-ticket choi...

SAM Magazine-North Woodstock, N.H., July 7, 2009-New Hampshire ski resorts hosted 2,289,426 alpine skier and snowboarder visits in 2008-09, a slight decline of 3 percent from the record winter of 2007-08, as consistent snowfall and cold temperatures trumped a weak economy. The 2008/09 season was the third-best year since statewide skier visits were...

SAM Magazine--July 1, 2009--www.Skiinfo.com reports that summer ski and southern hemisphere resort openings takes the world tally past 60 choices in a dozen countries www.skiinfo.com reports that all three of the glacier ski areas that are still opening each year for summer skiing in France are now open, following Val d'Isere's summer snow o...

SAM Magazine-Red Lodge, Mont., June 30, 2009-Red Lodge Mountain Resort has named Jeff Schmidt as its new general manager. Schmidt joined Red Lodge in 2008 as director of mountain operations and has 24 years experience in the ski industry. Having grown up in Billings, Mont., Schmidt spent much of his youth skiing at Red Lodge and is familiar with...

SAM Magazine-Londonderry, Vt., June 29, 2009-Magic Mountain is selling shares of the mountain, offering ownership opportunities to the resort's skiers, snowboarders and enthusiasts. Modeled after the Mad River Glen ski area co-op, the move aims to increase customer loyalty and fund significant upgrades to the resort. The resort is establishing a...

SAM Magazine-New York, June 23, 2009-New York State surpassed four million skier visits over the 2008-09 season, a record-breaking number for the state that made it the fourth most popular ski state last winter, behind Colorado, California, and Vermont. To support the state's resorts last winter, New York State's Division of Tourism partnered wi...

SAM Magazine-Telluride, Colo., June 18, 2009-Telluride Resort will be the sole U.S. stop of the LG FIS Snowboard World Cup and will feature an SBX and PGS competition during what will be the second in a series of five Olympic qualification events for the two sports. "We're thrilled to bring the World Cup to Telluride," said Telluride Ski & Golf ...

SAM Magazine-Park City, Utah, June 18, 2009-Rossignol has named Tim Petrick vice president of global sales and marketing, effective July 1. Petrick will oversee the worldwide strategic direction of the Dynastar, Lange, Look and Rossignol ski and snowboard brands, working from Rossignol's global headquarters in France. Petrick had been vice presiden...

Snow Hunter--Massachusetts. June 16, 2009--Massachusetts' Jiminy Peak Mountain Resort was the first ski area to erect a wind turbine, one of the largest ever built by a private company, but now a second New England ski resort will construct a big turbine to generate power itself. The smaller Berkshire East ski area will build a smaller windmill g...