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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

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 ...

 HEADLINE NEWS - Ski Area Management

Camelback Sold

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 ...

 HEADLINE NEWS - Ski Area Management

Founding Publisher of SAM Magazine, David Rowan, Died on June 8

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...

 HEADLINE NEWS - Ski Area Management

Vail Revenues Rise in Third Quarter

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. ...

 HEADLINE NEWS - Ski Area Management

Strong Spring Lifts N.H. Areas to Second-Best Season Ever

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...

 HEADLINE NEWS - Ski Area Management

CSCUSA Resorts Post Third-Best Year

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....

 HEADLINE NEWS - Ski Area Management

Highs and Lows at Whistler Blackcomb

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 ...

 HEADLINE NEWS - Ski Area Management

14 Areas Remain Open for Memorial Day

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...

 HEADLINE NEWS - Ski Area Management

NSAA Convention Honors Moretz, Fairbank

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 ...

 HEADLINE NEWS - Ski Area Management

Whistler/Blackcomb Earns 2005 Golden Eagle Award

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...

 HEADLINE NEWS - Ski Area Management

Skier Visits Total 56.4 Million for 2004-05

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...

 HEADLINE NEWS - Ski Area Management

SIA Retail Audit Shows Dollar Sales Rise, Units Drop

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...