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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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Longtime Ski Journalist Michael Strauss Dies

SAM Magazine-Palm Beach, Fla., Oct. 16, 2008-Michael Strauss, who was the voice of skiing in The New York Times for two decades, died Oct. 11 at the age of 96 in Palm Beach. In his extensive and remarkable 75-plus years as a sports journalist, Strauss covered everything from archery to yachting, but he especially loved skiing. He served as The Time...

National Ski Hall of Fame Names 2008 Inductees

SAM Magazine-Ishpeming, Mich., Oct. 16, 2008-American ski mountaineering pioneer and famed instructor Bill Briggs joins the U.S. Ski Team's Liz McIntyre, Nelson Carmichael, and Cary Adgate as this year's inductees into the U.S. National Ski and Snowboard Hall of Fame. The induction ceremony will take place in April. Briggs became a fully certifi...

Utah Valley University and Deer Valley To Offer Ski Instructor Courses

SAM Magazine - Heber, Utah, October 14, 2008 - Deer Valley ski resort has teamed up with Utah Valley University's Heber campus to offer a ski instructor training course. The course will include six hour-and-a-half classroom sessions at the UVU Heber campus and two full days of on-mountain training. The sessions will be lead by Deer Valley Resort D...

Tunnel Collapses At Mammoth

SAM Magazine - Mammoth Lakes, Calif., October 15, 2008 - A 200-foot-long tunnel under Mammoth's Lupine ski run and the Eagle Express chairlift collapsed on Friday, closing the Lake Mary Road. The road services the Tamarack Lodge and the Eagle Lodge base area. There were no injuries in the incident and a cause has yet to be determined. Lake Mary Roa...

Rice Named VP and Managing Director of CNL

SAM Magazine-Orlando, Fla., Oct. 15, 2008-Stephen Rice has been named vice president and managing director at CNL Lifestyle Company, LLC. In his new role, Rice will focus on asset management within CNL's ski and mountain lifestyle portfolio and work closely with the company's acquisitions team to expand CNL's holdings. CNL Lifestyle Company is the ...

Intrawest and Coca-Cola Expand Partnership

SAM Magazine-Vancouver, B.C., Oct. 14, 2008-Intrawest and The Coca-Cola Company have entered into a new multi-year strategic partnership to expand upon their existing relationship. Coca-Cola remains the official beverage providers (Coke, Diet Coke, Coke Zero and Sprite, Minute Maid juices, Evian and Dasani waters, glacéau enhanced waters and Odw...

Loveland to Match Arapahoe's Oct. 15 Opening

SAM Magazine - Boulder, Colo., Oct. 14, 2008-Arapahoe Basin and Loveland have agreed to a truce in the first-to-open war this year, as both will drop the ropes at 8:30 a.m. on Oct. 15. Over the past several years Arapahoe Basin and Loveland have jousted to win "first to open" honors in a competition that's been spirited and intense. For many yea...

Squaw Offers Automated Ticket Scanning, Backcountry Tours For 2008 - 2009

SAM Magazine - Squaw Valley, Calif., October 13, 2008 - Skiers and snowboarders at Squaw won't have to fumble for lift tickets or passes this winter. For the 2008 - 2009 season, the resort will implement a new ticketing system from Axess. The AX500 Smart Gates and Smart Card allow guests to access lifts more efficiently and quickly by automatically...

Boyne/CNL Deal Values Big Sky at $74 Million

SAM Magazine-Big Sky, Mt., October 12, 2008-Boyne Resorts' recent financing agreement with CNL Lifestyle Properties (see earlier report) could lead to the sale of Montana's Big Sky ski and snowboard resort to CNL for $74 million during the next two years. According to documents filed with the U.S. Securities and Exchange Commission (SEC) last w...

Arapahoe Basin To Open October 15

SAM Magazine-Arapahoe Basin, Colo., Oct. 13, 2008-Arapahoe Basin will open Oct. 15, 2008, joining Timberline, Ore., which currently offers glacier skiing from Friday to Sunday 8 a.m. to 2 p.m. as part of that ski area's "autumn" season, as one of two American ski areas open to the public. Arapahoe will have machine-made snow on one intermediate...

Mountain High Doubles Park Investment

SAM Magazine-Wrightwood, Calif., Oct. 10, 2008-Mountain High has doubled the ski area's investment in its Faultline terrain park offerings for 2009. The investment will result in a wide range of new features including a massive 20' x 20' wallride. In addition, two new park-specific Prinoth grooming machines costing more than $800,000 have been adde...

Vail Resorts Stock Price Tumbles

SAM Magazine-Vail, Colo., Oct. 10, 2008-Vail Resorts stock price is tumbling along with the market. The stock lost more than 10 percent of its value on Thursday, dropping $2.90, and closing at $24.07. That came on the heels of a bad Wednesday for the company, when the stock tumbled $2.28. Nearly a month ago, in mid-September, the stock traded as hi...

Gore Mountain, North Creek Interconnect Approved

SAM Magazine-Ray Brook, NY., Oct. 10, 2008-Plans to link New Yorks's Gore Mountain Ski Center with nearby North Creek Ski Bowl were given the nod by the Adirondack Park Agency Agency at its October meeting today. The Agency confirmed that ski trails proposed for the link comply with State Land Master Plan requirements. The interconnect plan cal...

Ski Utah Launches Online Job Board

SAM Magazine-Salt Lake City, Oct. 8, 2008-Ski Utah is launching a new online job board, SkiUtahJobs.com to help the state's ski and snowboard resorts fill jobs this winter. Postings include those for seasonal help to work the lifts, restaurant, hotels, and other facilities as well as year-round employment opportunities. Employers will be able to po...

Lake Louise To Get Four-Year World Cup Commitment

SAM Magazine -Lake Louise, Alberta, Oct. 9, 2008-The International Ski Federation (FIS) World Cup Committee has approved a tentative schedule that includes hosting races at Lake Louise for the next four years. Lake Louise was also the first resort outside of Europe to be named to the prestigious Club 5+, an organization that brings together 13 o...