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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 --- Jackson Hole, Wyo., Mar. 1, 2005 --- A 16-year-old snowboarder was charged with manslaughter Feb. 25 following a fatal collision with a 28-year-old woman at Jackson Hole Mountain Resort, according to published reports. According to the Teton County Sheriff's Office, the crash occurred just after 11 a.m. Feb. 24 near the bottom o...

SAM Magazine --- Ludlow, Vt., Mar. 1, 2005 --- The snow gods blessed the Northeast for the all-important President's Birthday holiday week, helping to fuel a strong turnaround in resort visits and a solid President's holiday nationwide. However, low snow has continued to dampen visits in the Pacific Northwest. In Vermont, Okemo set single-day, f...

Just how bad has it been? The Summit at Snoqualmie and Stevens Pass have operated for three weeks or less for the season. In Oregon and Idaho, areas have fared better--though some areas have been closed for long stretches here, too. Among those operating in early February were Timberline, Mt. Bachelor, Mount Hood Meadows, Mt. Ashland, and Anthon...

STEAMBOAT SPRINGS, Colo. (February 11, 2005) -- From February 2-3, 2005, Ski Area Management (SAM) and Pepsi hosted a small group of senior executives from established corporations in the travel, communication and winter sports industries to discuss the subject of multi-cultural diversity as it relates to winter resorts. Companies and organizations...

SAM Magazine--Boulder, Colo., Feb. 16, 2005--Storm Mountain Publishing Company, parent of Freeskier Magazine, is launching a national ski title this fall aimed at the hard-core youth market, ages 12 to18. The new magazine complements Freeskier, which targets skiers ages 18-30 with more diverse editorial. The as-yet-unnamed magazine will have a r...

SAM Magazine--Salt Lake City, Utah, January 25, 2005--The lift supplier field just got smaller as Doppelmayr CTEC announced its acquisition of certain assets of Partek Ski Lifts, effective January 22, 2005. The acquisition includes the design and manufacturing rights of Partek lift systems, as well as Partek's rights to the older Borvig lift system...

SAM Magazine--Denver, Colo., Jan. 17, 2005--Colorado Ski Country USA (CSCUSA) reports 2,928,353 skier visits for the period from Oct. 15 through Dec. 31, 2004, an increase of 8 percent compared to the same period last year. "We are encouraged by strong patterns in out-of-state visitation for domestic and international markets alike," said Rob P...

SAM Magazine--McLean, Va., Jan. 17, 2005--Overall sales for the winter sports market were flat at $651 million for August through November 2004 compared to the previous year, according to the SnowSports Industries America (SIA) Retail Audit. Higher dollar sales per item were offset by lower unit sales, with overall unit sales down 5.5 percent. S...

SAM Magazine--South Lake Tahoe, Calif., Jan 12, 2005--Snowfall of up to 19 feet in the past two-plus weeks has left many Sierra resorts stocked with nearly a winter's worth of snow and created a publicity bonanza. But in the short run the storms have dampened travel and visits. The snowfall total in the Tahoe area is the greatest since 1916, acc...

SAM Magazine--Denver, Colo., Jan. 8, 2005--In spite of up-and-down weather in the East and Midwest, massive snows in California, and a snow drought in the Northwest, holiday traffic at ski areas nationwide was on a par with, or above, last year. And despite some continuing nasty weather in the week after the holiday, most areas are optimistic for a...

SAM Magazine--Durango, Colo., Jan. 8, 2005--Snow Monsters and Monster Cable have amicably resolved their dispute over any possible trademark infringement over the two companies' use of the word "monster." As a result, Snow Monsters has withdrawn its complaint against Monster Cable. According to Jack Turner of Sirdar, Snow Monsters' parent compan...

SAM Magazine--Seattle, Wash., Dec. 31, 2004--Winter resorts nationwide report strong visitation for the Christmas holiday week. The only exception to this cheery news is the Pacific Northwest, where low snowfall kept several resorts closed until Christmas Day or later. Several resorts are reporting the largest crowds in years. Learn-to programs are...

SAM Magazine--Beaver, Utah, Dec. 28, 2004--The Nimbus Loan Fund has repossessed Elk Meadows ski area in southwestern Utah from former owner Wayne Case for $1 million, with hopes that new management can turn it into a going concern. Nimbus is said to be seeking a new management group for the 450-acre area, located 250 miles northeast of Las Vegas. ...

SAM Magazine--Denver, Colo., Dec. 22, 2004--Sirdar, the company that created the Snow Monsters skier/rider development program, is seeking a declaratory judgment action for non-infringement and non-dilution of a trademark in Denver Federal Court. Monster Cable, a manufacturer of speaker wire, audio, video and other electrical cables, is trying to c...

SAM Magazine--Bretton Woods, N.H., December 22, 2004--The Mount Washington Cog Railway fired up its engines this past weekend and transported the first sliders part way up the hill for a 500-foot beginner run. The company anticipates being able top open the entire length of the track by December 26. The main trail, which is groomed and has snowm...