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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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NSAA President Declares 60 the new 50

SAM Magazine--Lakewood, Colo., June 29, 2007--In a move designed to address the aging population of Boomer skiers, Michael Berry, president of the National Ski Areas Association, has declared that 60 is the new 50. Ironically, the move coincides with Berry's own 60th birthday tomorrow, June 30. "Age is a frame of mind," declared Berry, rather ...

Heavenly, VR To Donate $75,000 to Tahoe Fire Victims

SAM Magazine-Broomfield, Colo., June 28, 2007-Vail Resorts (VR) will donate $5 from the sale of each 2007-08 Heavenly season pass sold between now and December 2007 to residents impacted by the Angora fire currently ravaging the South Lake Tahoe area. The program is expected to raise about $75,000. By early Thursday morning, the South Lake Tahoe...

Big Horn Resorts Back on the Auction Block

SAM Magazine-Buffalo, Wyo., June 28, 2007- The auction sale of Big Horn Mountain Resorts-consisting of Big Horn Ski Resort and its sister resorts Meadowlark Lake Resort, Deer Haven Resort, and Wilderness Ranch-has been postponed until July 3, to give potential buyers more time to assess the properties. The auction includes all the buildings, equipm...

Park City To Be Site of USSA Training Center

SAM Magazine-Park City, Ut., June 28, 2007-Park City will be the home of USSA's new national training center. Dubbed the Center of Excellence, the facility will be a state-of-the-art structure with world-class facilities designed to improve athletic performance. Construction on the $22.5 million center will begin this summer, with groundbreaking Ju...

Aspen Skiing Co. Cleared By Tramway Board

SAM Magazine-Denver, Colo., June 26, 2007-The Colorado Tramway Safety Board has cleared the Aspen Skiing Company of any wrongdoing in conjunction with a Feb. 19 incident that involved a 10-year-old German girl who fell approximately 60 feet from a chairlift at Aspen Highlands. The Board voted 4 to 3 to dismiss the complaint. The girl, who was in...

Killington Cuts Year-Round Staff

SAM Magazine-Killington, Vt., June 26, 2007-Powdr Corp.'s new management at Killington and Pico has restructured its workforce, laying off many longtime, year-round employees as a result. Officials said the job cuts touched all departments and levels. The company did not release numbers, but affected employees estimated that 30 to 90 people lost th...

Dave Riley to Head Telluride

SAM Magazine-Telluride, Colo., June 26, 2007-Dave Riley will become the new president and CEO of the Telluride Ski and Golf Resort in late July. Riley has been president and CEO of Mt. Hood Meadows ski resort, where he has worked since 1993. Telluride has operated without a CEO for the past few years-since the days when Booth Creek managed the a...

Fries Named Ragged Mountain President

SAM Magazine-Danbury, N.H., June 26, 2007-Industry veteran Bob Fries is the new president of Ragged Mountain. Fries will be responsible for all facets of resort operations, including skiing, golf, and real estate. Fries takes the position after a five-year stint as co-owner and president of Bolton Valley, Vt. He previously served as president of...

Maine Resorts Post Modest Gain In Visits

SAM Magazine-Portland, Me., June 22, 2007-Maine ski resorts fought off a brutal early season to post a modest gain of 1 percent on total skier visits for the 2006-07 season. The gain came in the face of a 6.7 percent downturn on the year for the Northeast region, and a 6.9 percent drop for the nation as a whole. Late-season storms saved the stat...

Aspen Faces Complaint In Chairlift Incident

SAM Magazine-Aspen, Colo., June 22, 2007-The Colorado Tramway Safety Board (CTSB) has received a complaint from the family of a girl who fell off an Aspen chairlift last winter. Celine Ofenito, age 10, slipped and fell approximately 60 feet off of Aspen's Cloud 9 lift in February. The girl suffered several injuries as a result of the fall, includin...

ASC To Dissolve Following Sale of Maine Resorts

SAM Magazine-Park City, Utah, June 21, 2007-American Skiing Company (ASC) plans to dissolve itself now that it has agreed to sell Sunday River and Sugarloaf, Me., to Boyne USA. As a result of the move to dissolve the corporation, ownership of the remaining ASC resort, The Canyons, will pass to Oak Hill Capital Partners, currently the majority stock...

New Hampshire Numbers Down--But Not By Much

SAM Magazine--North Woodstock, N.H., June 20, 2007--Ski NH reported a total of 1,960,251 visits for the 2006-07 season, which is three percent less than last season. Thanks to warm temps and little snow in New England for the first half of the season, visits were off in the state by 40 to 60 percent as of Martin Luther King weekend. Once the weathe...

Colorado Announces Record Visits

SAM Magazine--Copper Mountain, Colo., June 14, 2007--Colorado Ski Country USA announced that the state set a new visit record during the 2006-07 season with 12.56 million skier visits. It's the second year in a row that Colorado's 26 ski and snowboard resorts have set visitation records, although this past season's 12.56 million visits bested last ...

Montana's Big Mountain Changes Name

SAM Magazine - Whitefish, Mt., June 14, 2007 - The Montana ski resort of Big Mountain, outside of Whitefish, has announced that the ski area is launching a new branding and positioning initiative for Big Mountain Resort. As a result, Big Mountain will change its name to Whitefish Mountain Resort As part of the resort's positioning strategy, the...

Utah Breaks Record, Gains on Colorado

SAM Magazine - Salt Lake City. Ut., June 13 - Utah ski resorts set the state's fourth consecutive record for skier visits, racking up 4,082,094 skier days. The total bucked a national trend, which saw skier days slip 7% on the year overall. "We've seen some strong growth over the past five years." Commented Ski Utah President Nathan Rafferty. "M...