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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-Strandafjellet, Norway, Oct. 28, 2008-Five Norwegian ski areas are launching a new joint pass, giving access to a combined 25 lifts and 53 slopes in the Sunnmore region. The "Alpepass" will be available this season, and includes the ski resorts of Strandafjellet Skisenter, Sunnmørsalpane Skiarena Fjellseter, Stordal Alpinsenter, ...

SAM Magazine-London, England, Oct. 28, 2008-The United Kingdom ski and snowboard market has grown over the past year by three percent, according to the Ski Club of Great Britain's annual Snowsports Analysis, with more than 1.35 million people taking ski and snowboard holidays from the UK. The research report, published for the eighth year, showe...

SAM Magazine-Taylor's Falls, Minn., Oct. 28, 2008-With colder temperatures across the nation, resorts are starting to drop the ropes and fire up the lifts. The latest is Minnesota's Wild Mountain, which opens today at 1 p.m. The resort usually leads the pack when it comes to early openings in the region, and this week's opening date is no exception...

SAM Magazine-Vail, Colo., Oct. 28, 2008-Several resorts are banning employees from using the Primo and Love series of Burton snowboards while on the job. The Primo series features gory images of self-mutilation, while the Love series features images of Playboy models. While there is no graphic (only suggestive) nudity in the Love series of board...

SAM Magazine-Maggie Valley, N.C., Oct. 27, 2008-Colder temperatures in the Southeast have sparked snowmaking at both Snowshoe and Cataloochee ski areas, with the latter announcing an Oct. 28 opening day. That will make Cataloochee Ski Area, located in the Great Smoky Mountains of western North Carolina, the first ski resort in the Mid-Atlantic regi...

SAM Magazine - Vail, Colo., October - In the wake of headlines around the globe proclaiming an economic meltdown, resorts are scrambling to bolster business via a wide variety of creative discounting programs from burritos to free lift tickets. The discounts are as varied as the resorts that offer them, but all have a singular purpose: to bring gue...

SAM Magazine - Malone, N.Y., October 24, 2008 - New York ski resort Titus Mountain and the ski area's former manager, Zachary L. White, have been charged with one felony and three misdemeanor violations of Environmental Conservation Law by the New York State Department of Environmental Conservation's (DEC) Division of Law Enforcement. The charges s...

SAM Magazine-Vancouver, B.C., Oct. 23, 2008-Intrawest successfully completed an agreement to refinance a $1.7 billion loan which was due today when it received unanimous support from its existing lender group. "We are very pleased to have reached an agreement with our lenders, particularly given the challenges of the global credit markets," sai...

SAM Magazine - West Dover, Vt.., October 12, 2008 - Taking advantage of cold temperatures at the end of last week, Mount Snow was able to open Launch Pad, a learning hill near the base area over the weekend. The resort set up a small park with half a dozen features, becoming the first ski area to open in the East. The Launch Pad terrain ...

Snow Hunter - Stockholm, Sweden, November 1, 2008 - Visitors to Stockholm this winter will be able to enjoy a spot of city centre skiing thanks to the opening of Skistar's Hammarbybacken skiing complex. Skistar is Scandinavia's leading ski resort operator, owning the region's top resorts of Are, Trysil and Hemsedal amongst others. Convenie...

Snow Hunter - Demark, November 1, 2008 - Despite global warming, Denmark's rather low lying hills and the global growth of indoor snow centres, the country has opened its first outdoor snow ski resort. Local media reports say that Danish businessman Ole Harild received a 100,000 Euro grant from the European Union to construct his ski run on the ...

Snow Hunter - New Zealand, November 1, 2008 - Snow was still falling last week as New Zealand's Mt. Hutt prepares for its final weekend opening of the winter from Friday, October 24th until 4p.m. on Monday, October 27th after closing during this week. Ski Area Manager Dave Wilson commented, "It's been one of the best seasons in decades," he said...

SAM Magazine-McCall, Idaho, Oct. 21, 2008-Brundage Mountain has upgraded the ski area's grooming fleet, adding new terrain parks and enhancing food and beverage operations for the 2008-09 season. Improvements include a new mid-mountain refuge, the Bear's Den, an eight-sided 1,300 square-foot log building with seating for approximately 88 people. Th...

SAM Magazine -Aspen, Oct. 21, 2008-Mountain operations crews at Snowmass have been experimenting with a product called Ice Protector Optiforce, a "snow blanket" which covers existing snow, insulating and preserving it. Produced by the Swiss flooring firm Landolt and distributed by Eiger International, Ice Protector Optiforce is used in Europe to pr...

SAM Magazine-Copper Mountain, Colo., Oct. 17, 2008-Copper Mountain will open Nov. 7, one week ahead of its scheduled opening date. Traditionally, the mountain has run the lifts in late October and early November, but the sessions are reserved for race training and other private access, including PSIA demo team training. Expected open terrain includ...