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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--West Dover, Vt., June 17, 2005--The Vermont Ski Areas Association announced its skier/boarder visit numbers for the 2004-05 season, which were 4.4 million. The total makes Vermont the third largest ski/ride state behind Colorado and California. This year's numbers represent a five percent increase over the 2003-04 season, which cam...

SAM Magazine--Tannersville, Pa., June 16, 2005-- Camelback Ski Corporation, located in Pennsylvania's Poconos Mountains, was sold to a local entrepreneur, Arthur B. Berry III. In the acquisition, Berry will take over Camelback's winter operations and its large waterpark, which draws nearly as many visitors in the summer as the ski area does during ...

SAM Magazine--June 16, 2005--American Skiing Company (ASC) and Vail Resorts both announced their third quarter results and the numbers seem to be on the rise. ASC, thanks to good conditions across the board at all of it resorts, saw an increase in resort revenue of $16 million over the same period last year, and an increase in skier visits of 3 ...

SAM Magazine--June 10, 2005--David Rowan, founder of the industry's trade publication Ski Area Management (SAM Magazine) died on Wednesday, June 8, from a rare cancer, mesothelioma. Rowan started his industry career in 1949 when he joined Ski Magazine as editor, interim publisher and ad salesperson. Rowan stayed with Ski until 1961 when the maga...

SAM Magzine-Denver, Colo., June 9, 2005-Colorado Ski Country USA (CSCUSA) resorts reported their third best year ever as record numbers of international skiers and snowboarders helped drive visits to 11.81 million, up more than 550,000 from a year ago. International visits grew 28 percent, indicating that the after-effects of 9/11 have disappeared....

SAM Magazine-North Woodstock, N.H., June 9, 2005-New Hampshire resorts posted 2,270,106 alpine skier and snowboarder visits during the 2004-05 season, the state's second-best winter on record, just short of the all-time record of 2,357,000 visits in 2000-01. The season got off to a slow start with erratic weather in early December. But as the wi...

SAM Magazine-Vail, Colo., June 9, 2005-Vail Resorts (VR) saw total revenues grow by 13.5 percent in its fiscal third quarter ended April 30, and resort revenue rise by 10.1 percent. Net income, however, dropped to $58.8 million, compared to $62.5 million for the same period last year, due to a favorable one-time real-estate transaction in 2004. ...

SAM Magazine-Whistler, B.C., June 6, 2005-Whistler Blackcomb closed June 5 after a season of record-breaking highs and lows. Heavy snowfall through the latter half of March and early April delivered exceptional conditions that lasted well into the spring, and set the base for summer glacier skiing and riding. The resort had its share of weather ...

SAM Magazine--Fort Collins, Colo., May 27, 2005--The skiing and snowboarding season isn't over yet. Fourteen North American resorts will be in operation this Memorial Day weekend, according to SkiTown.com. In California, seven areas are operating at least through Memorial Day: Alpine Meadows, Donner Ski Ranch, Mammoth Mountain, Sierra Summit, Sq...

SAM Magazine--Scottsdale, Ariz., May 25, 2005--The National Ski Areas Association (NSAA) estimates 56.4 million skier/snowboarder visits at U.S. ski resorts for the 2004/05 season, based on preliminary results of the Kottke National End of Season Survey. If these figures hold up in the final Kottke report, 2004-05 would be the fourth best season on...

SAM Magazine--Scottsdale Ariz., May 25, 2005--Whistler/Blackcomb earned the 2005 Golden Eagle Award for Overall Environmental Excellence, presented at the NSAA national convention here. The resort, which also won the Golden Eagle in 2003 and is a five-time Silver Eagle award winner, was nominated in four other Silver Eagle categories. Whistler r...

SAM Magazine--Scottsdale, Ariz., May 25, 2005--The National Ski Areas Association (NSAA) honored D. Grady Moretz Jr., president of Appalachian Ski Mountain, and Brian H. Fairbank, president, CEO and co-owner of Jiminy Peak Mountain Resort, at the annual convention here. Moretz received the Lifetime Achievement Award. Fairbank earned the Sherman ...

SAM Magazine--McLean, Va., May 18, 2005--Retail sales at winter sports specialty and chain stores rose 1.9 percent, to $2.25 billion for the August 2004 through March 2005 period, compared to $2.20 billion a year ago, according to the SnowSports Industries America (SIA) Retail Audit. Unit sales dropped 7.8 percent. The trend toward higher-priced me...

SAM Magazine--Salt Lake City, Utah, May 17, 2005--Thanks to great snow that came early and often, increased marketing efforts and the unfortunate lack of snow in other regions, Utah logged 3,895,578 visits--a new all-time record. The visits represent a 12 percent increase over last year which logged the state's second-most skier visits at 3,386,141...

SAM Magazine--Portland, Ore., May 5, 2005--The Amer Group of Finland is acquiring the Salomon winter sports division of Adidas-Salomon for about 485 million euros (approximately $627 million). The deal is expected to be completed by the end of September. The sale includes Bonfire and Arc'Teryx apparel, Mavic (cycling components) and Cliché ...