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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--Snowshoe, W.V., May 5, 2005--Bill Rock will become vice president and general manager at Intrawest-owned Snowshoe Mountain effective June 6. Rock moves to Snowshoe from Durango Mountain Resort, where he has been chief operating officer and general manager for the past two years. He replaces Bruce Pittet, who is moving within Intrawest...

SAM Magazine--San Clemente, Calif., April 27, 2005--Allen Crolius has been named vice president and group publisher of the four-title Adventure Sports Network (ASN), including Powder and Bike magazines, which is part of the Primedia empire. Crolius is responsible for the business operations of the ASN, and will also assist the larger Action Sports ...

SAM Magazine--Woodbury, Conn., Apr. 21, 2005--Jon Mahanna, Carla Marcus, Jay Roberts, and Bill Rock are the 2005 SAMMY Future Leadership Award recipients, chosen for their accomplishments to date and for their potential for even greater achievements in the future. This is the eighth year for this annual awards program, created by SAM Magazine. A...

SAM Magazine--Stevens Pass, Wash., Apr. 5, 2005--In a fitting end to a winter of wacky weather, several areas in the Pacific Northwest have reopened-some after more than a month of being closed. And in the East, areas that were planning to extend their seasons abruptly called it quits last weekend after warm weather and heavy rains washed the seaso...

SAM Magazine--Wilmington, Vt., Mar. 31, 2005--American Ski Company (ASC) subsidiary Mount Snow is selling the Haystack ski resort to Tyringham Ridge, Inc. for $5 million. Tyringham also receives a two-year right of first refusal for the Howe farm, which could become a real-estate development in the future. The deal is expected to close later this s...

SAM Magazine--Copper Mountain, Colo., Mar. 29, 2005--Perkins Miller, formerly director of business development for Mountain Sports Media, will become VP of marketing and sales for Intrawest Colorado in mid-April. Miller will assume responsibility for conference and leisure sales, business development, call center operations, corporate partnershi...

SAM Magazine--Vail, Colo., Mar. 24, 2005--Booth Creek Ski Holdings, Inc., reported net income of $1,155,000 for the fiscal quarter ended Jan. 28, 2005, a decrease of more than 90 percent from the $12,482,000 net income in the corresponding period of 2004. The company attributed the sharp drop to the poor season at the Summit areas in Washington sta...

SAM Magazine--Denver, Mar. 24, 2005--Colorado resorts reported little change in skier visits in January and February compared to the previous year, according to Colorado Ski Country USA (CSCUSA). However, early-season gains place year-to-date visits at 7.9 million, 2.3 percent ahead of 2004. CSCUSA president Rob Perlman said that destination and in...

SAM Magazine--Paris, France, Mar. 22, 2005--Quiksilver is buying a majority stake in Rossignol from the controlling Boix-Vives family for 241 million euros ($318 million), paying with cash and shares. The acquisition will create one of the world's biggest suppliers of outdoor clothing and equipment, to be called Quiksilver Rossignol. The two firms ...

SAM Magazine--Park City, Utah, Mar. 18, 2005--American Skiing Company (ASC) reported a $22.1 million net loss for the 14 weeks ended January 30, 2005, compared to a net loss of $21.7 million for the 13 weeks ended January 25, 2004. The loss from resort operations was $21.4 million for the 14 weeks ended January 30, 2005 versus a loss of $17.7 milli...

SAM Magazine--Lenzerheide, Switzerland, March 12, 2005--Bode Miller clinched the overall World Cup title today with a second-place finish in GS . Miller is the first American to win a World Cup overall title in alpine since Phil Mahre and Tamara McKinney in 1983. Outdoor Life Network will have coverage of all the action from World Cup Finals Sun...

SAM Magazine--Seattle, Wash., Mar. 11, 2005--The ski and ride season is winding down in Washington state this weekend. Today, only Mission Ridge and Mt. Baker are operating, and both plan to close at least for the midweek period following the weekend. With little prospect for a change in the warm, dry weather that has plagued the Northwest since la...

SAM Magazine--Vail, Colo., Mar. 10, 2005--Vail Resorts achieved a revenue gain of 7.2 percent in its fiscal second quarter compared to the year-earlier period as both mountain and lodging revenue grew. However, increased expenses served to offset much of the gain. Mountain revenue for the second quarter of fiscal 2005 was $214.2 million, a 7 per...

SAM Magazine--McLean, Va., Mar. 8, 2005--Overall sales for the entire winter sport market (including specialty and chain stores) were up 2.8 percent in dollars to $1.76 billion for the August 2004 through January 2005 period, compared to $1.71 billion reported for the same period last year, according to the SnowSports Industries America (SIA) Retai...

SAM Magazine--Oceanside, Calif., Mar. 4, 2005--The second-ever Snow Industry Summit will focus on growth markets--ethnic Americans, women, kids, and "Generation Active"--Mar. 29-Apr. 1 at Copper Mountain. And it will address the key means of reaching these markets: one-to-one marketing, advertising, websites, and branding, with advice from sources ...