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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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Four Colorado Areas Lead Early-Opening Parade

SAM Magazine-Denver, Nov. 2, 2006-A series of early storms have allowed Colorado resorts to get the jump on the ski season. Currently Loveland, Arapahoe Basin, Wolf Creek and Copper Mountain are open, with more resorts planning to fire up the lifts soon-including Keystone tomorrow. The state benefited from substantial October snowfall, which left u...

American Skiing Co. Reports Greater Income, Smaller Loss in 2006

SAM Magazine-Park City, Utah, Oct. 30, 2006-American Skiing Company cited strong season pass sales, continued growth at The Canyons resort, and excellent performance at Steamboat resort as factors behind a record-setting revenue year. Significantly, ASC also made payment in full of the principal balances of all real estate-related debt as a result ...

Bender Promoted to CEO of Seven Springs

SAM Magazine - Champion,Pa, October 31, 2006 - Scott L. Bender has been promoted to the Chief Executive Officer position at Pennsylvania's Seven Springs Mountain Resort. A familiar face in the organization - he has been employed with the resort since 1983 - Bender's prior positions include President, Chief Operations Officer and Chairman of the Bo...

The Greening Of White: Renewable Energy Movement Accelerates

SAM Magazine - Lakewood, CO, October 30, 2006 - Alpine Meadows, Calif., Grand Targhee, Wyo., and Middlebury College Snow Bowl, Vt., have recently joined 16 other ski areas that are offsetting 100 percent of their energy use by purchasing renewable energy. Together, these 19 resorts are purchasing 258,574,498 kWh of green energy and their purchases ...

Magic Gets New Owners

SAM Magazine--Londonderry, VT, October 26, 2006--Magic Mountain is set to open for the 2006/2007 season under a new ownership group which has revamped several aspects of the resort. The group, JLS Magic LLC, a partnership headed by Jim Sullivan, agreed to purchase the resort from Magic Mountain Management LLC. Although the deal is expected to be fi...

Big Plans for Haystack as a Private Club

SAM Magazine - Wilmington, VT, October 26, 2006 - Vermont's Haystack Ski Area is on its way to becoming a private club. The ski area, which was sold approximately one year ago by the American Skiing Company to a group of local business people, is slated to undergo a five-year, $450 million dollar makeover, including new lifts and 100 percent snowma...

SMI Goes Small

SAM Magazine - Midland, MI, October, 26, 2006 - Snowmaking equipment manufacturer Snow Machines, Inc. (SMI) has introduced the quietest, lightest design in its more than 35-year history, the SMI Kid PoleCat. In addition, the machine also is light, and, according to manufacturers, has a delivery capability and throw of up to 100 feet, making it idea...

Magic Gets New Owners

SAM Magazine--Londonderry, VT, October 26, 2006--Magic Mountain is set to open for the 2006/2007 season under a new ownership group which has revamped several aspects of the resort. The group, JLS Magic LLC, a partnership headed by Jim Sullivan, agreed to purchase the resort from Magic Mountain Management LLC. Although the deal is expected to be fi...

Mt. Hood Meadows Under New Management

Founder Of Mt. Hood Retires SAM Magazine-Mt. Hood, OR, October 25, 2006-The founder of Mt. Hood Meadows Resort, Franklin Drake, has announced that he is turning management of the resort over to his two protegees. Drake, who was the president/CEO of Mt. Hood Meadows Ski Resort in addition to the founder of the ski area, has managed the mountain s...

Alta Hops On Green Wagon

SAM Magazine- Alta, Utah, October 25, 2006 - Alta ski resort has committed to purchasing 900,000 kilowatt-hours (kwh) of renewable energy over the next 12-month period. The purchase will offset more than 23 percent of the ski resort's annual energy usage. The move marks the latest effort by the Utah resort to limit the environmental impacts of...

Nor-Am Freestyle Schedule Set, Tamarack surprising choice for only halfpipe event

SAM Magazine-Park City, Ut, October 23, 2006-US Skiing has announced the 2006 Nor-Am Freestyle Schedule. The season opens with a selection round at Park City, Utah. These December events will determine which freestyle athletes compete on the Nor-Am Circuit, which officially opens with events at Mont Gabriel, Quebec. A surprising addition to this ye...

The Death Of The Chalk Board. Wireless Message Boards Come Of Age

SAM Magazine - Kingston, NY, October 24, 2006 -- The chalk boards at the base of ski lifts across North America have been an institution for decades, providing lift ops the opportunity to scrawl cryptic jokes, the ski patrol a forum for tracking down lost kids and the place to view-at least in Vail -updated NFL playoff scores if the skiing was too ...

Intrawest Lays Off 200 in Cost-Saving Effort

SAM Magazine-Vancouver, B.C., Oct. 20, 2006-Intrawest laid off 200 full-time employees, primarily managers, across its several divisions and resorts earlier this week as part of an effort to improve its bottom-line performance in the coming year. The move was made the day before Intrawest shareholders voted overwhelmingly in favor of the company's ...

Dalbello, Elan Form Alliance

SAM Magazine-Andover, N.H., Oct. 20, 2006-In a move that could have a big impact on the retail and rental ski equipment markets, Dalbello Skiboots and Elan Skis are beginning a new strategic global alliance as of Jan. 1. Clint Lyon, CEO of the newly formed Dalbello~Elan Sports, said, "Dalbello and Elan firmly believe that focused, specialized co...

Gambling A Bad Bet At Seven Springs

SAM Magazine--October 20, 2006--Pennsylvania's Seven Springs Resort has announced that it will be withdrawing its limited Category 3 gaming license application after the Pennsylvania Gaming Control Board determined that the reworked proposal would not comply with the current requirements of the gaming regulations. The inability to secure a g...