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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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Ski Industry Pioneer Nick Badami Dies

SAM Magazine-Park City, Utah, June 5, 2008-Nick Badami, a visionary leader who helped make Park City Mountain Resort a world-class resort, died June 4 at his house in Tucson, Ariz., surrounded by family. He was 87. "We are deeply saddened to lose such an inspirational mentor and strong leader who made significant contributions to the ski indu...

Jensen, Collins Take Over at Intrawest

SAM Magazine-Vancouver, B.C., June 3, 2008-Intrawest's selection of Bill Jensen as CEO, announced last January, becomes effective today. In addition, the company has named Brian Collins president, with initial responsibility for the company's real estate operations. Jensen brings to Intrawest 35 years of ski industry experience and a demonstrate...

Crested Butte to Restructure Top Management

SAM Magazine-Mt. Crested Butte, Colo., June 2, 2008-Crested Butte Mountain Resort (CBMR) is making several changes in key management positions as part of a restructuring of the company, including the departure of vice president and general manager Randy Barrett. "Randy will step down as general manager as we look to make changes in our managemen...

Vail to Cut 10 Percent of Energy Use

SAM Magazine-Vail, Colo., June 2, 2008-Vail Resorts has recently mandated across-the-board cuts in energy use of at least 10 percent for all departments by 2010. In a company memo, CEO Rob Katz said, "The issue of energy usage needs to be a company-wide imperative. Now, when you waste energy, you are not only impacting the environment and squand...

Schladming To Host 2013 World Championships

SAM Magazine-Schladming, Austria., June 2, 2008-This Austrian resort outpolled Vail/Beaver Creek and will host the 2013 Alpine World Ski Championships. The decision emerged from the FIS 46th International Ski Congress in Cape Town, South Africa. Schladming defeated competing bids from St. Moritz, Switzerland and Cortina, Italy, in addition to Vail....

Snowbird Extends Season to June 15

SAM Magazine-Snowbird, Utah, June 2, 2008-On the heels of an epic winter, it should come as no surprise that Snowbird is adding more days to its season, which is shaping up to be one of the longest in North America. The resort will now stay open through Sunday, June 15, for weekend skiing and riding. "Consistent snowfall throughout the winter p...

Vail Resorts Quits CSCUSA

SAM Magazine-Vail, Colo., June 2, 2008-In yet another headline-making move, Vail Resorts has axed the company's relationship with Colorado Ski Country USA (CSCUSA), the non-profit marketing group which represents the state's ski industry. CSCUSA plans to continue operations on behalf of its 22 remaining members, but with a much smaller budget. R...

Minturn Voters Favor Private Ski Resort

SAM Magazine-Minturn, Colo., May 27, 2008-Residents of this small mountain town between Vail and Beaver Creek voted 87 percent in favor of development of a private ski and golf resort outside of the community. The ski resort and golf community, a project spearheaded by the Ginn Company, will feature approximately 1,700 homes and condos, an 18-hole ...

Inaugural Year A Success For Revelstoke

SAM Magazine-Revelstoke, B.C., May 27, 2008-The first season was a good one for Canada's newest resort. Revelstoke Mountain ceased winter operations on April 27, chalking up 44 percent more skier visits than expected. Selkirk Tangiers Helicopter Skiing, owned by the resort, also posted strong numbers, with skier visits up 20 percent. Revelstoke...

Dubai's Indoor Ski Center Tallies Two-Millionth Visitor

SAM Magazine-Dubai, UAE, May 27, 2008-Ski Dubai, the indoor skiing center in the most unlikely of locations, has hosted its two-millionth visitor, reaching the mark after just two and a half years of operation. "It was very exciting for us to welcome our two millionth customer here," said Mike Mahoney, GM at Ski Dubai. "The figure proves that we...

Mammoth Axes 15 Management Positions

SAM Magazine-Mammoth Lakes, Calif., May 27, 2008-Mammoth Mountain has eliminated 15 primarily middle-management positions, cutting the year-round workforce by five percent. The job cuts are expected to save the company approximately $1 million in benefits and salaries, and were, according to resort officials, a response to the weakening economy. Th...

Mammoth Extends Season Till June 1

SAM Magazine-Mammoth Lakes, Calif., May 26, 2008-Skiers and snowboarders have one more week to enjoy spring conditions at Mammoth Mountain. Cool temperatures and a foot of fresh snow over the Memorial Day holiday spurred the resort to stay open anothr week, through June 1. "I know this is very last minute, but so was the snow," said Mammoth M...

Mt. Bachelor Shakes Up Management

SAM Magazine-Bend, Ore., May 22, 2008-GM Matt Janney and three other executives at Mt. Bachelor have lost their jobs after a disappointing season punctuated by persistent operational problems and customer dissatisfaction with a 30 percent increase in season pass prices over the past two seasons. The changes come less than a year after Janney, a...

Sixpack Highlights Australian Investments for 2008

SAM Magazine-Mt. Buller, Australia, May 19, 2008-Australia's first sixpack highlights more than $25 million (AUD) worth of investment across the country as the 2008 ski season is primed for kickoff. The lift, at Mt. Buller, is the first of its kind for the nation. Other investments include a whopping AUD $16.25 million in snowmaking improvements at...

Extended Openings, Reopenings Wrap Up the Season

SAM Magazine-Denver, May 19, 2008-With snow still falling in the Rocky Mountains and the bean counters working overtime at many resorts after record seasons in both snowfall and skier days, a few areas are keeping the good times alive by reopening or extending their seasons. New York State's Windham Mountain is reopening on Saturday, May 24 to h...