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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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 HEADLINE NEWS - Ski Area Management

Vail Joins Denver Katrina Relief Effort

SAM Magazine-Vail, Colo., Sept. 2, 2005-Vail Resorts' cash contribution of $50,000 makes it a gold-level sponsor of the City and County of Denver's efforts to raise money for victims of Hurricane Katrina. The focal point of this effort will be a concert at Denver's Red Rocks Amphitheater on Monday, Sept. 12 by the Dave Matthews Band. Promoters beli...

 HEADLINE NEWS - Ski Area Management

Spirit Mountain and Welch Village Offer Joint Pass

SAM Magazine--Minnesota--Spirit Mountain in Duluth and Welch Village, south of the Twin Cities, will offer an unlimited season pass good at both areas, whihc are unaffiliated. The Spirit Village Pass goes on sale today for $369. "The joint promotion really highlights the benefits of a cooperative marketing effort, rather than a competitive sales...

 HEADLINE NEWS - Ski Area Management

Echo Mountain Terrain Park Will Serve Denver Riders

SAM Magazine-Evergreen, Colo., Sept. 2, 2005-Thirty years after a small ski area called Squaw Pass closed its doors here, new owners are transforming the overgrown slopes into Echo Mountain Snowboard and Ski Park. For 2005-06, the park will have a triple chair, handle tow, 600 vertical feet, and 30 acres of terrain features, along with a new base l...

 HEADLINE NEWS - Ski Area Management

Acordia Teams with Markel Re

SAM Magazine-Seattle, Wash., Aug. 18, 2005-Acordia Resort & Recreation is partnering with Markel Re's SMART (Specialized Markel Alternative Risk Transfer) division. "The addition of SMART as a key partner will allow us to expand the scope and competitiveness of the Resort program," said John Roberts, managing director of Acordia Alternative Risk. ...

 HEADLINE NEWS - Ski Area Management

Thiess Moves to Durango Resort as GM, COO

SAM Magazine-Durango, Colo., Aug 10 2005-Hank Thiess will become general manager and COO for Durango Mountain Resort in September, with responsibility for all aspects of resort operations. That includes the mountain, village, lodging, food and beverage and sales and marketing. He replaces Bill Rock, who left in June to become GM at Snowshoe, W.Va. ...

 HEADLINE NEWS - Ski Area Management

SIA Launches Fall Education Seminars

SAM Magazine-McLean, Va., Aug. 9, 2005-SnowSports Industries America (SIA) is launching a pilot education seminar series, "Capitalizing on Today's Business Environment," in September. Workshops will focus on sales, marketing and effective small business practices, with separate tracks for retailers, suppliers, and reps. The seminars will take place...

 HEADLINE NEWS - Ski Area Management

NextSnow All Stars to Kick Off Olympics on NBC

SAM Magazine-Durango, Colo., Aug. 9, 2005-The signature Snow Monsters event, the NextSnow SEARCH, will stage a special "All Stars" event that will serve as the warm-up act for NBC's opening-day coverage of the 2006 Winter Olympics, which begin in Torino, Italy, on Feb. 11. The event will air from 2 to 3 p.m. EST; it will actually take place in Keys...

 HEADLINE NEWS - Ski Area Management

Mountain High Sold

SAM Magazine--Wrightwood, Calif., July 14, 2005--Mountain High Resort in southern California was bought by Valor Equity Partners and former GM Karl Kapuscinski and key members of his management team. Valor is a Chicago-based private equity investment fund and licensed Small Business Investment Company. Kapuscinski will now become president and CEO ...

 HEADLINE NEWS - Ski Area Management

Wildcat Ski Area For Sale

SAM Magazine-Pinkham Notch, N.H., July 13, 2005-Wildcat Ski Mountain is for sale. The area, located across the valley from Mt. Washington, has 225 acres of trails on a 2,100 vertical , served by four chairlifts, including a base-to-summit detachable. Wildcat's owner for the past 20 years is Franchi Management, a Boston-based real estate firm he...

 HEADLINE NEWS - Ski Area Management

Schweitzer-Stevens Pass Partnership Dissolves

SAM Magazine-Sandpoint, Ida., July 11, 2005-The two partners who comprised Harbor Resorts, MIG and Harbor Properties, have dissolved their partnership. As a result, Schweitzer Mountain Resort is now wholly owned by MIG (the estate of Keith McCaw, whose family established a regional cellphone company later bought by AT&T). Stevens Pass, Wash., rever...

 HEADLINE NEWS - Ski Area Management

Jackson Hole Ski Area to Retire Aerial Tram

SAM Magazine-Jackson Hole, Wyo., June 28, 2005-Jackson Hole Mountain Resort will retire its Aerial Tramway, estimated to have carried over 2 million passengers winter and summer since 1966, in September 2006. A replacement for the lift has not yet been determined. Owners of the resort, the Kemmerer Family, and the mountain's management decided t...

 HEADLINE NEWS - Ski Area Management

Big Sky, Moonlight to Offer Combined Ticket

SAM Magazine-Big Sky, Mont., June 28, 2005-Big Sky Resort and its new neighbor on Lone Peak, Moonlight Basin, will give visitors next winter the option to purchase tickets and passes allowing unlimited access to both resorts. The resorts shared several trails and a lift in the past. But previously, it was necessary to purchase a ticket or season pa...

 HEADLINE NEWS - Ski Area Management

California Resorts Post Record Season

SAM Magazine-South Lake Tahoe, Calif., June 24, 2005-Prodigious and early snowfall helped lift California ski areas to record visits of 8.1 million, far surpassing the previous mark of 7.6 million recorded in the 1997-98 El Nino season, according to the California Ski Industry Association. Among individual areas, Heavenly, Kirkwood and Sierra-at...

 HEADLINE NEWS - Ski Area Management

Vermont Hosted 4.4 Million Visits

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...

 HEADLINE NEWS - Ski Area Management

Vail and ASC Announce Third Quarter Results

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 ...