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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-New York, Sept. 13, 2006-Time Inc. has put 18 of its titles, including Ski, Skiing, and Warren Miller Entertainment and the TransWorld group, up for sale. A spokeswoman said the company hopes to complete a deal by early 2007. "While these titles are good performers, Time Inc. is focusing its energy, resources and investment on our l...

SAM Magazine-Lakewood, Colo., Sept. 13, 2006-The National Ski Areas Association (NSAA) and Snowsports Industries America (SIA) are working with the U.S. Congress to secure a White House Proclamation declaring January "National Ski and Snowboard Month." The designation is intended to call attention to the need for all people to exercise and get outs...

SAM Magazine--Ashland, OR, September 14, 2006--Mt. Ashland is jumping on the renewable energy bandwagon by announcing that the area is purchasing enough renewable energy to offset 100 percent of its annual electrical use. The program is called the Green Chair Renewable Energy Program and under that name, the ski area has contracted to purchase 780,...

SAM Magazine--Donnelly, Idaho, September 8, 2006--Andre Agassi and Stefanie Graf, through their company Agassi Graf Development LLC, and Bayview Financial LP, finalized an agreement to develop a luxury mountain project at Tamarack Resort. Called the Fairmont Tamarack, the development will include a resort and spa, with 285 units, located in Tamarac...

SAM Magazine--Wrightwood, CA, September 9, 2006--Mountain High kicked off its season pass sale with 80 tons of snow, seven features and a few thousand riders--giving guests a small taste of winter in the 90-degree heat. North Hollywood Ice Company trucked in 80 tons of blocked ice to Mountain High's East Resort, then ran the ice through giant chipp...

Sept. 1, Great Britain (SnowHunter)--On the 5th September the British Snowlife Schools Tour, now in its second successful year, hits the road again to educate and inspire over 8,000 school pupils to give snowboarding and skiing a go for the first time. The team of professionals - among them Olympians and British Champions - will visit a lucky 16 sc...

SAM Magazine-Vancouver, B.C., Sept. 1, 2006-Intrawest Corporation has acquired Whistler Heli-Skiing in a transaction that increases Whistler Blackcomb's skiing and snowboarding terrain to more than 500,000 acres. The purchase adds Whistler Heli-Skiing's permit area of 494,000 acres to Whistler Blackcomb's 8,171 acres of in-bounds skiing. The pre...

SAM Magazine-Beaver Creek, Colo., Sept. 1, 2006-Beaver Creek plans to open 180 acres of new terrain in the Stone Creek area for the coming season. By bringing these expert-oriented south facing chutes and glades within the resort's patrolled and controlled terrain, the resort removes a favorite poaching shot from the "off-limits" category. In prior...

SAM Magazine--Utah, August 31, 2006-- Three consecutive record breaking seasons for skier days in Utah have afforded ski areas the capitol to continue adding new features and making improvements. From new lifts to more terrain to North America's first ski area tunnel, Utah's ski resorts will welcome visitors with a host of new amenities for both wi...

SAM Magazine-Donnelly, Ida., Aug. 31, 2006-Tamarack Resort will offer guided backcountry services on 5,000 acres of terrain north and south of the resort boundaries this season under a special use permit from the U.S. Forest Service. The permit expands Tamarack's available terrain five-fold. The new National Forest terrain includes chutes, cliff...

SAM Magazine-Mount Prospect, Ill., Aug. 31, 2006-Wonder where resort prospects are likely to reside? The density of snowboarders is twice as high in California and New York as in other states; skiers are twice as likely to call New Jersey home than other states, according to a new report from the National Sporting Goods Association (NSGA). The "...

SAM Magazine-Denver, Aug. 31, 2006-Vail Resorts is partnering with the National Forest Foundation (NFF), a non-profit partner of the U.S. Forest Service that helps the USFS improve the health of the national forest system, to raise funds for conservation projects in both the White River National Forest and the Lake Tahoe Basin areas. The two groups...

SAM Magazine--August 30, 2006, Woodbury, CT--In response to recent survey results, SAM Magazine has hired an on-line editor, Tom Winter, to bring more original content and breaking news to its website at www.saminfo.com. "The survey results showed that SAM readers have come to rely on the breaking news service as its primary online source of up-to-...

SAM Magazine-Lakewood, Colorado August 28, 2006-The National Ski Patrol board of directors unanimously chose Mark Dorsey to become executive director of the NSP. Dorsey has been the acting interim director for the past eight months. Jim DeWeerd, NSP's recently elected national board chairman, said, "We've spoken directly to members, staff, and i...

SAM Magazine-New York, Aug. 24, 2006-The news that Ski and Skiing have shifted significant portions of their circulation from "paid" to "verified," a new circulation category recognized by the Audit Bureau of Circulations (ABC), has reminded industry advertisers once again of the need to evaluate the various types of circulation reported (verified ...