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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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2016 MSAA ANNUAL MEETING AND TRADE SHOW HELD AT SHANTY CREEK, MICH.

msaaAbout 400 ski area and supplier members attended the 2016 Midwest Ski Areas Association Annual Meeting and Trade Show, Aug. 21-24, at Shanty Creek Resorts in northern Michigan. The event addressed a wide range of issues, from beginner trial and conversion to leadership succession, lift maintenance and safety.

Summer Ops Camp Registration Closes in a Week

SAM Magazine—Natick, Mass., Aug. 29, 2016—Registration for SAM’s seventh annual Summer Ops Camp—a series of seminars, workshops, and site visits that explore the state of the art in summer operations—closes summeropslogoSept. 6. A few spots are still available for the Camp, Sept. 14-16 at Park City, Utah.

Big Sky to Invest $150 Million Over 10 Years

SAM Magazine—Big Sky, Mont., Aug. 25, 2016—An ambitious, top-to-bottom enhancement project called “Big Sky 2025” with an anticipated price tag of $150 million is underway at Big Sky, Mont.bigsky emailsize

All Aboard! Denver–Winter Park Ski Train Returns: Updated

SAM Magazine—Denver, Aug. 25, 2016— The Winter Park Express will once again ferry skiers and riders round-trip from Denver to Winter Park every mid-winter weekend this season, for the first time in seven years. The ski train was a popular mode of transportationskitrain emailsize from the city to the resort and back from 1940 to 2009.

Peak Resorts Stock Offering Raises $20 million

MountSnow bnSAM Magazine—Wildwood, Mo., Aug. 24, 2016—Peak Resorts has reached an agreement to sell $20 million of its Series A cumulative convertible preferred stock and warrants to purchase common stock to CAP 1 LLC, a family client of Summer Road LLC. Summer Road will also have the right to nominate a person for election to Peak’s board of directors. Peak plans to use the proceeds from this offering for working capital and for future growth, including expansion through acquisition.

Red Mountain Turns to Crowdfunding

RedMountain bnSAM Magazine—Rossland, B.C., Canada, Aug. 24, 2016—Red Mountain, the oldest ski resort in Western Canada, is turning to a new funding source: the internet. In what may be an industry first, it is turning to equity crowdfunding.

Telluride Air Service Expands Again

MontroseAirport bnSAM Magazine—Telluride, Colo., Aug. 24, 2016—In addition to the return of regular commercial flights into Telluride Airport (see earlier report), increased traffic into nearby Montrose will also ease access to Telluride this winter. Montrose is getting new Denver service with the addition of twice-weekly Allegiant Air flights. In addition, the region will see a major jump in service to Montrose on the American Airlines network.

Valemount Master Plan Earns B.C. Government Approval

SAM Magazine—Valemount, B.C., Canada, Aug. 17, 2016—The Valemount Glacier Destinations Ltd. master plan for a proposed ski resort on Mount Pierre Elliott Trudeau in interior British Columbia has been approved by the government. The proposedvalemount emailsize project has gotten tremendous local support, which developers say helped expedite the recent approval.

Summer Bookings in West Continue Strong Pace

SAM Magazine—Denver, Aug. 17, 2016—Occupancy figures nearly reaching winter levels during the summer? It’s true. Western mountain destinations participating in DestiMetrics’ tracking program have reported visits and reservations that are Destimetrics emailsizeexpected to eclipse last summer’s record, which reached 92.5 percent of occupancy rates for the winter of 2015-16. This would be the fifth consecutive record summer for aggregated lodging occupancy and revenues at western mountain resorts.

M.A.X. Pass Adds 10 More Resorts

SAM Magazine—Denver, Aug. 17, 2016—Apparently, everybody wants in on the M.A.X. Pass. One of the newest products in the rapidly growing space of season passes that offer access to multiple, mostly unaffiliated properties, M.A.X. is adding 10 MaxPass emailsizemore resorts to its roster.

Squaw Valley Expansion Plan Gets Initial Approval

SAM Magazine—Squaw Valley, Calif., Aug. 16, 2016—A controversial $1 billion, 25-year development plan for Squaw Valley cleared a major hurdle after the Placer County Planning Commission approved the plan in a 4-2 vote last week. Now, the plansquaw emailsize moves on to the Placer County Board of Supervisors for the final verdict.

New Ownership at Magic Mountain, Vt.

SAM Magazine—Londonderry, Vt., Aug. 16, 2016—Magic Mountain, a classic New England ski area that has stuck to its roots—both out of preference and financial limitations—appears to finally have stable ownership taking the reigns.magicmountain emailsize

Snow People - August 2016

The August edition of our monthly highlight of happenings to prominent people and suppliers in the mountain resort industry.

Mountain Collective Adds Telluride and Revelstoke

SAM Magazine—Telluride, Colo., and Revelstoke, B.C., Canada, Aug. 9, 2016—The collection of destinations accessible via The Mountain Collective just grew to 14,revelstoke emailsize for now, with the addition of Telluride, Colo., and Revelstoke, British Columbia.

27-Year-Old to Buy Echo Mountain for $3.8 Million

SAM Magazine—Denver, Aug. 8, 2016—After filing for bankruptcy in February, Echo Mountain owner Nora Pykkonen appears to have found a buyer for the small ski area just outside of Denver.echo2 emailsize

Vail Outlines Initial Plans for Whistler Blackcomb Purchase

SAM Magazine—Broomfield, Colo., Aug. 8, 2016—In revealing its plan to acquire Whistler Blackcomb (see separate report), Vail Resorts (VR) outlined some initial intentions:WhistlerBlackcombnight emailsize

Vail Resorts to Acquire Whistler Blackcomb

SAM Magazine—Broomfield, Colo., and Whistler, British Columbia, Aug. 8, 2016—Vail Resorts (VR) is purchasing Whistler Blackcomb, the largest ski resort in North America. In what the company calls a “strategic business WhistlerBlackcomb emailsizecombination,” VR will acquire 100 percent of Whistler Blackcomb stock in a cash and stock deal worth a total of about USD$1.056 billion. The transaction is expected to close in fall of 2016.

Commercial Flights Return to Telluride

telluride airportSAM Magazine—Telluride, Colo., July 28, 2016— Commercial air service to Telluride Airport will resume Dec. 17 following a two-year hiatus, now that Colorado Flights has completed a deal with Great Lakes Airlines to reinstate its service from Denver.

Casey Blann New VP of Mountain Operations at Alpine Meadows

SAM Magazine—Olympic Valley, Calif., July 21, 2016—Industry veteran Casey Blann will be taking the reigns as vice president of mountain operations for Alpine Meadows, as well Blann emailsizeas overseeing risk management and loss prevention for both Alpine and Squaw Valley.

Vail Resorts Withdraws Application to Trademark “Park City”

SAM Magazine—Park City, Utah, July 21, 2016—Vail Resorts abandoned its effort to trademark the name “Park City” on July 16 in the face of opposition from a long line of critics.parkcitylogo emailsize

Concrete Grout Failure Possible Cause of Sunday River Lift Incident

SAM Magazine—Newry, Maine, July 20, 2016—Investigators think they may have discovered why the upper terminal of the Spruce Peak Triple seemed to uproot from the ground at Sunday River on July 10.SundayRiverLift 2 emailsize

David Norden Named CEO of Taos

david nordenSAM Magazine—Taos, N.M., July 14, 2016—Resort industry veteran David Norden has been appointed chief executive officer of Taos Ski Valley and will begin work on July 25. He will oversee all existing Taos Ski Valley resort operations including The Blake, a new slopeside hotel, which is slated to open this winter.

Idle Chairlift Terminal Uprooted at Sunday River

SAM Magazine—Newry, Maine, July 13, 2016—In one of the more unusual lift failures to occur in recent memory, the upper terminal of the Sunday River, Maine, Spruce sundayriverliftfail emailsizePeak Triple chairlift “detached” from the ground underneath it.

Snöbahn Indoor Training Center Opens in Denver

SAM Magazine—Centennial, Colo., July 11, 2016—Reviving an old concept, the Snöbahn indoor ski and snowboard center in suburban Centennial hopes to entice both new and veteran skiers and snowboarders to its revolving-deck facility. It’s the first of its kind in the Denver area, and it has the backing of some impressive skiing athletes: Bode Miller, Eric Schlopy, and Chris Anthony.

July Snow People

Welcome to this month’s update on happenings about people in the ski industry. Two former colleagues at the Tecnica Group return to the ski biz, inside and outside the Group, and two managers with Vail Resorts ties take on new jobs, inside and outside VR.

Northeast Kingdom EB-5 Update

SAM Magazine—Northeast Kingdom, Vt., July 8, 2016—There have been several developments and goings on at Jay Peak and Burke Mountain in Vermont burkehotel emailsizesince the SEC came to town. Some relate to the SEC’s case against the resorts’ operators for alleged EB-5 fraud, some relate to general operations.

Russian Ski Resort to be “War Themed”

SAM Magazine—Nizhny Novgorod, Russia, July 8, 2016—Ski resorts have been built in war zones (Syria/Israel, Iraq, and Pakistan, for example), or in areas that have become war zones (Bosnia), and some war movies have been filmed at ski areas, but a plan to build a “war themed” ski resort is believed to be a first.

Epic Discovery Debuts at Vail Mountain

SAM Magazine—Vail, Colo., July 1, 2016 —Vail Mountain unveiled its new Epic Discovery summer mountain experience at a ribbon cutting ceremony June 28. Epic Discovery immerses guests in “learn-through-play” activities that provide big-time thrills, challenge guests physically, and guide them to explore and better understand their natural surroundings. Vail Mountain and Heavenly, Calif., are implementing the concept this summer, and in 2017, Breckenridge will follow.

Mt. Baldy, B.C., Sale Approved

SAM Magazine—Oliver, B.C., June 30, 2016—Mt. Baldy in British Columbia is about to get new owners, who plan to revive the ski area after several years of financial instability. The area was placed under receivership in 2014 and MtBaldy emailsizedid not open for the 2015-16 season. The court approved the sale of Mt. Baldy to an investment group led by Vancouver-based lawyer Victor Tsao for $3.4 million, plus $300,000 for one serviced lot—a steal considering the booming real estate market in the province. The property will now do business as Baldy Mountain Resort.

Snowshoe Mountain Establishes Disaster Relief Fund to Aid West Virginia Flood Victims

SAM Magazine—Snowshoe, W.Va., June 28, 2016—Snowshoe Mountain and the Snowshoe Foundation have established a disaster relief fund to assist those affected by the devastating flooding in nearby parts of West Virginia. The resort and the foundation have each committed $5,000 to the cause, and are accepting donations through July 8, 2016. All contributions will be donated to the American Red Cross of West Virginia.

Summer Ops Camp Registration Opens

SAM Magazine—Park City, Utah, June 24, 2016—Registration for SAM's seventh annual Summer Ops Camp opens today. The camp will take place at Park City Sept., 14-16, 2016, one week later than originally planned. Please make a note of the change! It's the ideal time and place to pursue this year's theme, "play. discover. profit."

Western Resorts Continue Strong Booking Pace

SAM Magazine—Denver, June 21, 2016—Following a record-breaking winter, summer bookings at Western destinations are continuing at the same torrid pace. According to DestiMetrics, which compilessummer copper emailsize data from 290 property management companies in 19 western mountain destination communities, aggregated summer occupancy and reservations are up 10.5 percent and revenues are up a whopping 17.9 percent compared to the same time last year. Numbers are for the six months from May through October, tallied as of May 31.

Powdr Proposes Woodward Facility in Park City

SAM Magazine—Park City, Utah, June 21, 2016—Powdr Corp has submitted plans to build a 52,000-square-foot indoor action sports center at Gorgoza Park outside of Park City that would be called Woodward Park City. This would be the fifth Woodward location in the U.S.woodwardPC emailsize

Snow People, June 2016

Welcome to this month’s update on important happenings about prominent people in the ski industry. The July issue of SAM will have a full list of people, awards, and obituaries in the Industry Report department.

Vail Resorts Reports Record Third Quarter, Season

SAM Magazine—Broomfield, Colo., June 10, 2016—Vail Resorts (VR) saw net income rise to $157.6 million in its all-important third quarter, as visits jumped nearly 14 percent for the period. For the season overall, visits were up 18.2 percent from a year ago, to 9.7 million from 8.1 million. The company also reported very strong early season pass sales for 2016-17.vailresorts emailsize

SIA Plans to Relocate to Park City

SAM Magazine—Mclean, Va., June 10, 2016—The staff at SnowSports Industries America (SIA) will all soon have skis hanging from the walls of their offices in Park City, Utah—a sight not necessarily seen at its current digs outside of Washington D.C. The decision to move SIA’s headquarters to one of the nation’s premier snow sports hubs came after a unanimous vote by the SIA board of directors in May, and an approval from the Utah Governor’s Office of Economic Development for a post-performance Industrial Assistance Fund grant. The relocation will happen in August.

Colorado Ski Country USA Resorts Set Skier Visit Record

SAM Magazine—Denver, June 10, 2016—The 21 member resorts of Colorado Ski Country USA (CSCUSA) recorded a record 7.4 million skier visits during the 2015-16 winter season, up five percent year-over-year and 10 percent over the five year average. Combined with Vail Resorts’ areas, which are not included in CSCUSA figures, visits for all Colorado resorts likely topped the 12.5 million statewide record set two seasons ago.

Powder Alliance Adds Kiroro, Japan

SAM Magazine—Wrightwood, Calif., June 8, 2016—The unique reciprocal program known as the Powder Alliance has partnered with Kiroro Snow World in Japan to offer three free days of skiing to anytime season passholders from the other 14 member resorts.

Hooper Named General Manager of Lee Canyon

DanHooper LeeCanyonSAM Magazine—Las Vegas, Nev., June 7, 2016 —Dan Hooper has assumed the title of general manager at Powdr Corp-owned Lee Canyon outside of Las Vegas.

Herrin Named PSIA-AASI CEO

SAM Magazine—Lakewood, Colo., June 7, 2016—The Professional Ski Instructors of America and the American Association of Snowboard Instructors (PSIA-AASI) will welHerrin emailsizecome Nicholas Herrin as their new chief executive officer starting July 18. Herrin succeeds longtime PSIA-AASI CEO Mark Dorsey, who stepped down in August 2015, and PSIA-AASI CFO Tom Spiess, who has served as interim CEO since.

POWDR ACQUIRES ELDORA MOUNTAIN RESORT

eldoraSAM Magazine—Boulder, Colo., June 6, 2016—Powdr Corp. has purchased Eldora Mountain Resort here, it was announced today, completing a long-rumored move. This amplifies Powdr’s presence in Colorado and serves as a strategic complement to Powdr’s other Colorado resort, Copper Mountain.

Memorial Day Weekend Kicks Off Summer for Many Resorts

SAM Magazine—Dover, Vt., June 2, 2016—Mountain resorts nationwide opened for summer operations over the long Memorial Day weekend, kicking off the warm season with a growingloonaerial emailsize number of attractions aimed at boosting the bottom line.

SIA Headquarters Headed West

SAM Magazine—Washington, D.C., June 2, 2016—Snowsports Industries America (SIA) has informed its staff that the organization’s headquarters will be relocating out west. The organization SIAlogo emailsizesaid the move will put it in better proximity to partner brands, like-minded organizations, and the winter sports environment as a whole.

Utah Ski Areas Set Record for Skier Visits

SAM Magazine—Salt Lake City, June 2, 2016—Prolific early season snow set the tone for a record-setting winter at Utah’s ski areas. The state tallied 4,457,575 skier visits during the 2015-16 season, up 5 percent from the previous record set in 2007-08. According to Ski Utah, visits were up 13 percent compared to last season, and beat the ten-year average by 10.4 percent.SkiUtahlogo emailsize

SEC Pressing Its Case Against Ariel Quiros

SAM Magazine—Northeast Kingdom, Vt., June 2, 2016—Recent developments in the Securities and Exchange Commission’s case against Jay Peak owner Ariel Quiros include presentation of quiros2 emailsizea preliminary injunction by the SEC and additional financial implications for Quiros, according to local news website VTDigger.org.

Colorado Supreme Court Rules Avalanches an Inherent Risk of Skiing

SAM Magazine—Denver, June 1, 2016— The Colorado Supreme Court ruled that avalanches are an inherent risk of skiing and fall under the state’s liability-limiting Ski Safety Act. In a 5-2 decision, the court agreed that avalanches result from changing snow conditions, changing weather, and variations of steepness and terrain, all of which are specifically noted in the Ski Safety Act.

Australian Resorts Could Open Early

SAM Magazine—Perisher, Australia, May 27, 2016—With the start of Australia’s ski season a fortnight away, there’s been consistent snow across the country’s main ski areas, which forecasters say should continue for most of the coming week.buller emailsize

More International Expansion Possible for Vail Resorts

SAM Magazine—Bloomfield, Colo., May 27, 2016—Vail Resorts’ CEO Rob Katz said that the company is looking to expand its portfolio of resorts, with possible acquisitions in perisher resort ski emailsizeCanada and Japan “a higher priority,” according to Snow Hunter’s World Weekly Snow News. The strength of the dollar has increased Vail’s buying power in recent years.

Squaw Valley Alpine Meadows Partners with China’s Genting Secret Garden Resort

SAM Magazine—Zhangjiakou City, China, May 27, 2016—In a move aimed at tapping into the growing Chinese tourist market, Squaw Valley Alpine Meadows has entered into a “strategic alliance” with China’s Genting Secret Garden Resort, one of the host areas for the 2022 Beijing Winter Olympics. California is currently the top U.S. destination for Chinese travelers, who spent $2.5 billion in California in 2015, according to research by Visit California.chinasecretgarden emailsize

Peak Resorts’ Mount Snow EB-5 Project Approved

SAM Magazine—Wildwood, Mo., May 26, 2016—Peak Resorts has gained approval from the United States Citizenship and Immigration Services (USCIS) for its $52 million project at Mount Snow, Vt., providing a shot of good news for the recently maligned EB-5 immigrant investor program.

NSAA Hands Out Annual Awards at Convention

SAM Magazine—Lakewood, Colo., May 26, 2016—At the 2016 NSAA National Convention and Trade Show, several resorts and individuals were honored with annual awards. NSAA awards emailsizeThe various awards recognize environmental efforts, marketing acumen, safety, bringing new skiers and riders to the sport, and more.

Revenue and Occupancy Records Set Out West

SAM Magazine—Denver, May 24, 2016—Western resort destinations set all-time records for occupancy and revenue during the 2015-16 winter season, according to DestiMetrics. As of April 30, occupancy was up 4.4 percent and revenues were up 5.2 percent compared to last season. That surpassed the previous record set in 2007-08.

Skier Visits Rose Slightly, to 53.9 Million, in 2015-16

SAM Magazine—Nashville, Tenn., May 20, 2016—U.S. ski areas tallied an estimated 53.9 million skier and snowboarder visits during the 2015-16 season, up slightly from last kottke emailsizeseason’s 53.6 million total, according to the National Ski Areas Association (NSAA). A record year in the Pacific Northwest and the Rockies was offset by steep declines in visitation in the eastern half of the country.

NSAA Honors Dorsey for Impact on Sustainability

SAM Magazine—Nashville, Tenn., May 20, 2016—Judy Dorsey, the principal and founder of Brendle Group, a sustainability engineering and planning firm based in Colorado, judydorsey emailsizereceived the Industry Impact Award from the National Ski Areas Association (NSAA).

Soda Springs, Gore Mountain, Aspen Win Golden Eagle Awards

SAM Magazine—Nashville, Tenn., May 20, 2016—Soda Springs, Calif., Gore Mountain, N.Y., and Aspen Skiing Co., Colo., earned the 2016 Golden Eagle Awards for Environmental goldeneagle emailsizeExcellence, presented by SKI Magazine. Additionally, SKI named Kristyn Lingenfelter of Squaw Valley/Alpine Meadows in California as the “Hero of Sustainability” honoree for 2016.

SIA to Keep Snow Show Dates in January, After All

SAM Magazine—Nashville, Tenn., May 19, 2016—Since his first day on the job four months ago, SnowSports Industries America (SIA) president Nick Sargent has had to address the decision to shift the organization’s longtime Snow Show and On-Snow Demo from late January to early December, starting in 2017. Following comprehensive meetings with stakeholders, Sargent and the SIA board of directors unanimously decided to abandon the December time shift and maintain the January dates moving forward.

2016 RMLA Spring Conference and Trade Show

More than 500 lift mechanics, operations staff, managers, suppliers, and instructors attended the 45th annual Rocky Mountain Lift Association (RMLA) Spring Conference May 2-5 in Grand Junction, Colo. The theme was “Expanding Winter into Summer” but focus was clearly on lift maintenance training and winter operations. There were fewer sessions on risk management and guest service this year, and more about how to keep older lifts healthy.

SPECIAL REPORT :: Burton at 40: Is Snowboarding Really Middle-Aged?

chloe and group

It was 40 years ago that Jake Burton Carpenter began testing his early snowboards at Stratton Mountain, Vt., and launched snowboarding’s love/hate affair with winter resorts. Ironically, it was resorts’ initial wariness of snowboarding that set Burton on a course that has made the company Jake founded one of the best partners winter resorts have known.

Skier Visits For 2015-16 Rose In New Mexico

SAM Magazine—Santa Fe, N.M., May 16, 2016—New Mexico’s nine alpine and four Nordic ski areas saw 938,000 skier visits during the 2015-16 season, up 3 percent year-over-Ski NM emailsizeyear and 20 percent above the previous five-year average of 783,000. Ski area visitation contributed $524 million to the local economy, almost $17 million more than in 2014-15, according to Ski New Mexico.

Crystal, Taos Win 2016 NSAA Sustainable Slopes Grants

SAM Magazine—Lakewood, Colo., May 16, 2016—The National Ski Areas Association (NSAA) has named Crystal Mountain, Mich., and Taos Ski Valley, N.M., as recipients of its HKD emailsizeannual Sustainable Slopes Grant Program. Funds from the program target carbon emission reductions, snowmaking improvements, and climate adaptation at U.S. ski areas.