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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 - Whistler BC., - Crews have completed the ropework for the Whistler/Blackcomb Peak 2 Peak Gondola. The ropework crosses an unsupported three-kilometer (1.88 mile) span between Whistler and Blackcomb mountains. Cabins for the gondola have also arrived, and installation should commence by the end of the month. The splicing of the hau...

SAM Magazine - Stevens Pass, Wash., September 8, 2008 - Washington resort Steven's Pass will be adding RFID technology to the ski area's lift tickets this season. The system will use technology from RTP and SKIDATA. Stevens Pass will be one of the first resort-wide deployments of the new RTP-SKIDATA integrated ticketing, RFID access control and ...

SAM Magazine - GALENA, Il., September 8, 2008 - Chestnut Mountain Resort, a popular Midwestern resort destination, which features skiing with Mississippi River views and the largest terrain park in the Midwest, has been sold. The mountain, previously owned by St. Louis businessman Joe Burnsein since 1979, was purchased by the Paul Family. The ...

SAM Magazine--September 8, 2008, Ironwood, Michigan-The Roger and Lilah Stangeland Trust, owner of Indianhead Mountain ski resort, has executed letters of intent to acquire the assets of nearby Big Powderhorn and Blackjack ski resorts, a combination that would combine three upper Midwest resorts into one. "We are extremely excited about the opp...

SAM Magazine--September 5, 2008--New lifts and additional terrain highlight a summer construction season, which also saw improvements to snowmaking systems. Here's an overview of some of the more noteworthy developments at Colorado Ski Country USA member resorts. Arapahoe Basin Arapahoe Basin invested $1.2 million dollars over the summer, a...

Mammoth Mountain is also adding four new "Adventure Zones" this winter to complement their Parks. These new runs will be fun tracks built into the trees featuring a variety of berms, rollers and small bumps. These "Adventure Zones" will be located near Disco Park, Forest Trail Park, Wonderland Park and Eagle Express Lift. Rounding out the list o...

SAM Magazine - Taos, NM., September 4, 2008 - Taos is doubling the size of the ski area's terrain park and adding additional terrain for the 2008 - 2009 season. The Out To Launch Terrain Park will get additional features and is now twice the size. Other on-mountain enhancements include an expanded Children's Center and two new runs. North American,...

SAM Magazine - Steamboat Springs, Colo., September 4, 2008 - Steamboat Springs will host the 2010 NCAA Men's and Women's Skiing Championships. The event will be hosted by the University of Colorado, Boulder. Howelsen Hill will host the Nordic events along with the Slalom while the men's and women's giant slalom will be held on Mount Werner at Steam...

SAM Magazine - Salt Lake City, Utah, September 2, 2008 - Improved lifts, new lodges and more highlight Utah ski resort investment over the summer. Here's an overview of the most notable projects. Beaver Mountain Recent upgrades to Beaver Mountain's food service have caused more skiers to gather in the resort's traditional A-frame lodge for lun...

SAM Magazine - Crested Butte, Colo., August 29, 2008 - Crested Butte Ski Area has named Andrew Cesati to the new position of mountain sports manager. In his new role, Cesati will create and manage the Mountain Sports Team and program offerings, as well as head the Mountain Sports Division, new this year to CBMR. The creation of the program will ...

SAM Magazine - Eagle, Colo., September 2, 2008 - Eagle County Commissioner Peter Runyon is promoting a provision in Colorado State Law that would allow counties to assess a "use tax" on lift tickets. Runyon told the "Vail Daily" that he envisions a statewide tax on lift tickets, which currently are exempt from taxation. "Exempting the ski indust...

Dady, Mueller Named to Echo Mountain Positions SAM Magazine-Echo Mountain, Colo., Aug. 27, 2008-Cindy Dady, an industry veteran with over 18 years of experience in ski area operations and management, has been named general manager of Echo Mountain ski and snowboard area. The resort has also promoted Molly Mueller to marketing director. Mueller jo...

SAM Magazine-Huntington Beach, Calif., Aug. 27, 2008-Quiksilver, Inc. will sell the Rossignol Group to Chartreuse & Mont Blanc, headed by Bruno Cercley, a former Rossignol CEO. Chartreuse & Mont Blanc is majority-owned by Macquarie Group, and supported by a non-voting minority interest by Jarden Corporation, owner of skiwear and ski equipment brand...

SAM Magazine-Park City, Utah, Aug. 26, 2008-With the H2-B visa cap reached, Park City-based Premiere Resorts, which needs a staff of approximately 500 to manage an inventory of over 2,850 units at a variety of Western resorts, has launched a web site to help recruit employees. The site, Funresortjobs.com, describes jobs that allow employees to move...

SAM Magazine-Snowbird, Utah, Aug. 26, 2008-Following its cleanup efforts on the Pacific Mine, Snowbird is embarking on a second mine restoration project. With assistance from Trout Unlimited (TU), Snowbird is redirecting water from the Live Yankee Mine in Mary Ellen Gulch, adjacent to the resort's Mineral Basin terrain, away from its current path o...