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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--Big Bear Lake, Calif., May 14, 2004--Big Bear Mountain Resorts (BBMR) areas Bear Mountain and Snow Summit totaled nearly 800,000 visits this past season. As a result of positioning Bear Mountain as a snowboard and ski pipe and park mountain and downplaying those features at sister area Snow Summit, the two areas have developed two ...

SAM Magazine--North Woodstock, N.H., May 14, 2004--New Hampshire recorded its third best winter in the past decade, posting 2,044,422 alpine skier and snowboarder visits. The figure is slightly above the state's 10-year average and down just 9 percent from last year, the state's second-best ever. Mid-season estimates were for visits to fall by 10 t...

SAM Magazine--Oceanside, Calif., May 13, 2004--TransWorld Media is launching TransWorld Business, a new monthly trade magazine for retailers, that will cover the skate, surf, and snowboarding industries. The new title will debut in September and incorporate elements of, and replace, TransWorld SNOWboarding Business, TransWorld SKATEboarding Busines...

SAM Magazine--Vancouver, B.C., May 13, 2004--Intrawest recorded improved revenues for the fiscal 2004 third quarter ended March 31, 2004 despite reduced skier visits. Total revenue for the quarter was $437.3 million compared with $402.5 million for the same period last year. Total Company EBITDA was $128.1 million compared with $125.5 million in...

SAM Magazine--Scranton, Pa., May 10, 2004--Montage Mountain Ski Area, owned by Lackawanna County, is for sale. The minimum sale price is $9.6 million in cash. Three potential bidders have shown interest, including one group led by Joe Aichholz Jr., owner of nearby Blue Marsh Ski Area. A northern Poconos ski area is also said to be interested. The c...

SAM Magazine--Salt Lake City, Utah, May 10, 2004--Utah's 13 ski areas achieved record attendance this past season, with 3,386,141 skier-rider visits. That is three percent above the previous best season (2000-01) and seven percent better than 2002-03. And the record will grow, as Snowbird is still open through May 31. Ski Utah credited early and...

SAM Magazine--Telluride, Colo., April 23, 2004--Telluride Ski & Golf Resort has named Raymond Jacobi as the company's new chief executive officer (CEO). Jacobi will oversee all aspects of resort operations, sales, marketing and management as well as the overall growth and development of properties recently purchased by the resort's new majority ...

SAM Magazine--Lakewood, Colo., April 23, 2004--Troy Hawks has been named managing editor of the NSAA Journal, effective May 3. Hawks joins NSAA after a decade-long writing and editing career that includes positions with several mountain newspapers and contributions to national trade and consumer magazines, among them SKI, Fly Rod & Reel, Rocky M...

SAM Magazine--Vancouver, B.C., April 22, 2004--Intrawest has combined all of its travel and resort businesses into the newly formed Leisure and Travel Group, which includes Intrawest's mountain and warm-weather resorts, lodging and central reservations businesses, and Club Intrawest. This group of businesses generated $650 million in revenues in fi...

SAM Magazine--Sandpoint, Idaho, April 22, 2004--Ron Nova, VP of Operations for Schweitzer Mountain parent company Harbor Resorts, is Schweitzer's new GM. He replaces Tom Fortune, Schweitzer's GM for the past 5 years, who is resigning to join a local real-estate company. Nova has spent most of his career at Stevens Pass, also owned by Harbor Reso...

SAM Magazine--Boulder, Colo., April 21, 2004--Marc Peruzzi has been named editor-in-chief of Skiing Magazine. He replaces Perkins Miller, who was recently promoted to vice president, managing director of Mountain Sports Media, Skiing's parent company. Peruzzi began with Skiing in 2002 as senior editor and served as acting executive editor for mo...

SAM Magazine--Wolf Creek, Colo., April 16, 2004--The owners of Wolf Creek Ski Area are opposing a planned second home development on 288 acres in the midst of the resort's 1,300-acre permit area, arguing that the project, which would be one of the largest in Colorado, would destroy the character and the nature of the minimalist ski area. Wolf Cr...

SAM Magazine--Woodbury, Conn., April 13, 2004--Ski Area Management Magazine (SAM) is pleased to announce this year's recipients of the SAMMY Future Leadership Awards. The awards, now in their seventh year, honor those in the wintersports industry whose strong innovative leadership demonstrated at mid-career shows exciting promise for even more acco...

From April 1-4, over 300 ski and snowboard industry executives gathered at Copper Mountain, Colorado, at a summit geared to take over the roles that the Transworld Industry Conference and Ski Industry Week once played. By uniting the two conferences, Transworld Snowboarding, Mountain Sports Media and Snowsports Industries America, hope to provide a...

SAM Magazine--Keystone, Colo., April 6, 2004--Twenty-seven skiers and snowboarders, including two adaptive athletes, from 22 different resorts were named to the Next Snow Team at Keystone this past weekend. The team, chosen at the Next Snow Search finals, culminated three days of competition that drew 200 tweener athletes ages 9 to 13 from 51 North...