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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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Revelstoke Primed for December Debut

SAM Magazine-Revelstoke, B.C., Oct. 9, 2007-Revelstoke Mountain Resort, the massive development in British Columbia's interior, is expected to open on schedule by Dec. 22. Upon completion, the resort will boast the longest vertical in North America at a whopping 7,000 feet from top to bottom. For the coming season, two major lifts will serve 4,7...

New Resort For Utah?

SAM Magazine-Salt Lake City, Oct. 9, 2007-Utah may have another major ski resort soon. The proposed resort, 18 miles from the Salt Lake City Airport, would be a first for the Oquirrh Mountains to the west of the city. The resort would be developed by Kennecott Land, part of the Kennecott Utah Copper Company. The proposed ski area would have a b...

Arapahoe Basin to Open for Season on Oct. 10

SAM Magazine-Arapahoe Basin, Colo., Oct. 9, 2007-Arapahoe Basin will open on Oct. 10 for the 2007-2008 ski season. This marks the Basin's earliest opening in its 61 years of operation and the second year it has been the first area in the country to open. The Exhibition chair will open to the public at 9 a.m. Skiers and riders will find an 18-inc...

H2-B Visa Cap Hits Resorts Hard

SAM Magazine--October 8, 2007--Ski resorts across North America are scrambling to find workers after the H2-B visa cap was hit. The cap, which limits H2-B visas to a total of 33,000 workers was reached on October 1. While many resorts and other hospitality companies had expected that returning workers would be exempt from the cap, Congress failed t...

Doppelmayr CTEC President, Jan Leonard, Moving On

SAM Magazine--Salt Lake City, Utah, October 2, 2007--As of yesterday, October 1, the president of Doppelmayr CTEC, Jan Leonard has left his position. Leonard has worked in the ropeway business for more than 35 years and oversaw the merger between Doppelmayr and Garaventa/CTEC in 2001. Leonard will continue his association with Doppelmayr CTEC an...

Colorado Resorts Start Making Snow

SAM Magazine-Vail, Colo., Sept. 27, 2007-Colorado ski areas have started to blow snow. Both Loveland and Arapahoe Basin fired up the guns this week, with Copper Mountain expected to start snowmaking operations shortly. Breckenridge has announced that the ski area will start making snow in October. Loveland has traditionally been the firs...

Goar Chosen to Head The Canyons

SAM Magazine-Park City, Utah, Sept. 27, 2007-Michael Goar has been named managing director of The Canyons. He has 31 years of ski resort industry experience, most recently as executive vice president and general manager of Solitude Mountain Resort. Goar joined Solitude in 1981 and has held a variety of management positions; since 1991 he has been r...

Vail Resorts Net Rose 34% in 2007

SAM Magazine-Broomfield, Colo., Sept. 27, 2007-Vail Resorts posted a net income gain of 34.2 percent for 2007 over the 2006 fiscal year. The company netted $61.4 million in 2007, with increases across the board. Mountain revenue grew $44.9 million, or 7.2 percent, for the twelve months ending July 31, 2007, to $665.4 million from $620.4 million for...

Massicotte Named CEO of Mont Tremblant

SAM Magazine-Vancouver, B.C., Sept. 27, 2007-Charles Massicotte has been named president and CEO for Intrawest's Mont Tremblan. In this newly created position, Massicotte will be responsible for all aspects of Tremblant's resort operations, including real estate development and sales. Massicotte will report directly to Alex Wasilov, president and C...

Intrawest Discounts Push Early Booking

SAM Magazine-Vancouver, B.C., Sept. 21, 2007-In an effort to promote advance bookings, Intrawest's new early-season Destination: Snow vacation package deals lure travelers with discounts up to 44 percent at Blue Mountain, Mont Tremblant, Panorama Mountain Village and Whistler Blackcomb. Prices are valid for bookings made through Nov. 15. Intra...

Angel Fire Adds Glades, Revamps Hotel

SAM Magazine-Angel Fire, N.M., Sept. 21, 2007-Angel Fire is embarking on a multi-million dollar facelift of the resort's 120- room base area hotel. The 18-month project starts this fall and will include a new fitness center, upscaled common areas, and four "showcase" hotel rooms providing a preview look at the finished product. The finished remodel...

Squaw Lights Pipe

SAM Magazine-Squaw Valley, Calif., Sept. 21, 2007-A trenched superpipe headlines terrain park improvements at Squaw Valley for the 2007-2008 season. The in-ground pipe will be lit for nighttime pipe riding, making it the only illuminated pipe in the Lake Tahoe area. The pipe was constructed on the site of the resort's original trenched pipe to redu...

European Expansions: Terrain, Lift, and Ticket Options

SAM Magazine-Gavarnie, France, Sept. 21, 2007-French Pyrenees resort Gavarnie is expanding its terrain by nearly a quarter as the ski area adds 12 new runs for the 2007-08 season. The expansion brings the resort's total to 32 miles of marked trails. Additional improvements include the BuzzPark, Gavarnie's new terrain park. In other news from Fra...

Whistler Gondola Proceeds On Schedule

SAM Magazine-Whistler, B.C., Sept. 20, 2007-Construction of Whistler's massive Peak to Peak gondola is wrapping up for the season. The project, which will link Whistler and Blackcomb mountains, is being undertaken in two phases, with the second phase occurring next summer. It's part of an extensive makeover of the resorts in anticipation of hosting...

Wolf Creek Village Slammed By Court

SAM Magazine-Denver, Sept. 20, 2007-The Colorado Court of Appeals in Denver has ruled against a massive village at the base of Wolf Creek ski area. The Court upheld a lower court ruling that voided Mineral County's approval of the project, which could have resulted in approximately 2,000 units on 288 acres. Davey Pitcher, Wolf Creek Ski Area pre...