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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-Snowbird, Utah, Mar. 6, 2009-High winds derailed the Peruvian Express chairlift at Snowbird on Wednesday, when wind gusts topped 70 mph. According to the resort, wind caused a misalignment in the way one of the chair grips attached to the haul rope, shutting the lift down after the misalignment was detected by one of the tower sheave s...

SAM Magazine-Boulder, Colo., Mar. 6, 2009-Resorts are looking to lock in customers for next winter as well as get new customers this season with a variety of season pass deals, including discounted rates on next year's offerings and affordable spring passes. Both Massachusetts' Jiminy Peak and Minnesota's Wild Mountain are pushing season pass of...

SAM Magazine-Donnelly, Idaho, Mar. 2, 2009-Tamarack Resort, which has been in receivership since last fall, is shutting down after the close of business on Mar. 4. The area has been operating on funds provided by the lender group that has been attempting to foreclose on the resort, and that group has agreed to provide only limited funding for the n...
SAM Magazine-Vancouver, B.C., Mar. 2, 2009-Hugh Smythe, Intrawest's senior vice president of mountain resorts, is retiring on Mar. 12. He will remain an advisor to the company. Smythe, a 43 year veteran of the ski industry,has been with Intrawest since 1986, including 20 years as president of resort operations. Currently, he oversees the managem...

SAM Magazine-Whitefish, Mont., Feb. 27, 2009-On Feb. 24, the nearly 8,000 season pass holders at Whitefish Mountain Resort surpassed 1 billion vertical feet of skiing and snowboarding, as tracked by the resort's "Big Vertical" program. Resort officials were ecstatic to have an unfathomably large number to talk about-and a positive one at that. "...

SAM Magazine-McCall, Idaho, Feb. 27, 2009-Yes, even before many areas begin to sell next year's passes, Brundage is ending the first phase of its advance sales. This is the last week for customers to save up to $160 on the purchase of a 2009-10 season's pass. Prices currently range from $79 (ages 7 to 11) to $289 (adults ages 18 to 69); they rise i...

SAM Magazine-Bend, Ore., Feb. 27, 2009-Mt. Bachelor is one of the most recent resorts to partner with SOS Outreach, the Colorado-based organization that builds character and confidence for underserved youth through snowsports. The five-day program emphasizes core values and positive adult interaction. Clothing, equipment and lift tickets are provid...

SAM Magazine-West Lebanon, N.H., Feb. 24, 2009-Nordica has issued a recall for approximately 4,500 pairs of the company's XBi ALU skis. The skis were produced and sold between August 2006 and December 2008. There are concerns that the binding plates could fail, causing a loss of control. The recall involves the XBi binding component, which was used...

SAM Magazine-Krippenstein, Austria, Feb. 24, 2009-The snow just keeps falling across Europe as some areas are seeing record snowfall. In Austria, storms have been pounding most parts of the country with an additional meter expected for the week. "It's been amazing, says Kästle Skis president Siegfried "Sigi" Rumpfhuber. "One of the best seasons ...

SAM Magazine-Woodbury, Conn., Feb. 24, 2009-Cutter's Camp has opened registration for both of this year's sessions, at Mount Snow, Vt., and Timberline, Mt. Hood, Ore. Space will be filled on a first-come basis. Registration is processed on the SAM website at www.saminfo.com/events/register.php. For the past six years, Cutters Camp has hosted ter...

World Snow Resort News--February 12, 2009--Recent snow in urban areas has led to ski instructors working indoors year-round in the growing number of indoor snow centers in Europe to come outdoors to see the recent snowfall in parking lots and ride them as well. Britian's SNOzone! staff enjoy their lunch break from indoor snow. Back on Eur...

SAM Magazine-Wellington, N.Z., Feb. 9, 2009-With travelers worldwide staying closer to home, Tourism New Zealand is mounting an early run of TV commercials in Australia to promote New Zealand's ski resorts. The move is aimed at promoting early bookings, and marks the first time that New Zealand has gone into Australia with ski ads this early. The c...

SAM Magazine-Copper Mountain, Colo., Feb. 9, 2009-Woodward at Copper, a year-round training center that focuses on terrain park and pipe progression for skiers and snowboarders, will open Feb.28. The center's main facility, The Barn, is an evolution of Pennsylvania's highly successful Camp Woodward. The 20,000 square foot indoor complex houses Snow...

World Snow Resort News--February 6, 2009--Although the snow arrived a few days later in Scotland than the south of England, domestic resorts have received up to two feet of fresh snow over the past 36 hours, which falling on top of an established base has led to extremely good powder and what Nevis Range describes as, "Near alpine conditions." C...

World Snow News--February 6, 2009--Statistics published by tour operators, ski resorts and even airlines continue to reflect increased sales this winter, contrary to mainstream media reports. Figures released by easyJet indicate a 17 percent increase in customer bookings in a bid to escape the UK for destinations across Europe in December 2008, ...