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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—Portland, Ore., May 20, 2020—The Indy Pass has implemented a pass assurance program, lowered prices, and added new resorts in an effort to “get America skiing” post COVID-19. After a successful inaugural season, Indy Pass added another seven independent resorts to its roster: China Peak, Calif., Crystal Mountain, Mich., Granit...

SAM Magazine—Lakewood, Colo., May 19, 2020—Following a campaign led by NSAA’s Dave Byrd, state ski associations, and the governors of 18 ski states, the Small Business Administration (SBA) released new guidance on Payroll Protection Program (PPP) loan forgiveness, which should expand ski area benefits through the program. Sixteen of the stat...

SAM Magazine—Denver, May 19, 2020—Six weeks after the winter season was abruptly ended on March 15 by the Covid-19 pandemic, the 2019-20 ski season arrived at its traditional end. Lodging occupancy for the year through April 30 declined 21 percent, while the average daily rate (ADR) rose 7.1 percent, according to DestiMetrics in its monthly Mar...

SAM Magazine—May 18, 2020—Across the country, government officials are easing restrictions enacted to mitigate the spread of COVID-19, allowing many mountain resorts to resume operations. Some resorts are reopening with snow, while others are looking toward Welcoming passholders during reopening at Mt. Bachelor. Credit: Mt. Bachelor, Ore.summer...

SAM Magazine—May 15, 2020, Lakewood, Colo.—On Wednesday, May 13, the Outdoor Business Climate Partnership (OBCP) joined LEAD on Climate 2020. The event, facilitated by Google Hangouts and sustainability-focused NPO Ceres, brought together more than 330 business leaders for the largest ever call-to-action on climate change. OBCP is an alliance ...

SAM Magazine—Government Camp, Ore., May 13, 2020—Following an executive order by Oregon Gov. Kate Brown specifically allowing several outdoor recreation activities to reopen, including the state’s ski areas, Timberline Lodge on Mt. Hood will reopen for skiing and riding with modified operations on Friday, May 15. In its outline of the reopen...

SAM Magazine—Newry and Carrabassett Valley, Maine; Lincoln, N.H., May 11, 2020—After a winter cut short and looming uncertainties about the pandemic’s impact on next winter, the New England Pass—which includes Sunday River Resort, Sugarloaf, and Loon Mountain Resort—has unveiled the 2020-21 New England Pass Promise program for winter seas...

SAM Magazine—Natick, Mass., May 6, 2020—As focus shifts to the prospect of opening for summer business, we’ve had several organizations from different industries share with us the guidance they’ve carefully put together, with steps to ensure a reasonably safe environment for both staff and guests when operations resume. These resources are ...

SAM Magazine—Killington, Vt., May 1, 2020—In response to COVID-19 impacts, Powdr has launched the Passholder Promise at Killington Resort in Vermont. The Promise provides 2019-20 season passholders with discounts on 2020-21 passes or K-Tickets, a refund guarantee and extended spring pricing on 2020-21 season passes, and a guarantee for the reso...

SAM Magazine—Kelowna, British Columbia, April 30, 2020—The Canada West Ski Areas Association (CWSAA) named the 2020 recipients of its annual awards, which recognize extraordinary leaders in the western Canadian ski industry: Pat Boyle, Lars Fossberg Excellence Award; Rob McSkimming, Jim Marshall Leadership Award; and Mike Wiegele, Jimmie Spence...

SAM Magazine—Broomfield, Colo., April 30, 2020—Vail Resorts is raising $600 million through a bond offering, according to a report from Bloomberg news. A group of lenders granted a two-year waiver on some of the company's debt covenants to make the bond offering possible. The waiver applies until January 2022, making it one of the longest bank...

SAM Magazine—Denver, April 28, 2020—Alterra Mountain Company’s Ikon Pass will include access to two additional resorts beginning the 2020-21 season: Mt. Bachelor, Ore., and Windham Mountain, N.Y. The pass now includes access to 43 mountain destinations worldwide. Ikon Pass holders will have access to seven days each at Mt. Bachelor and Windh...

SAM Magazine—Seven Springs, Pa., April 28, 2020—The man behind the development of Seven Springs Resort, Pa., and HKD Snowmakers, Herman Dupré, died April 25 at his Seven Springs home. He was 87. Dupré took over managing Seven Springs Resort at age 23 upon the death of his father. He transformed the hunting and fishing camp into one of the to...

SAM Magazine—Broomfield, Colo., April 27, 2020—Vail Resorts (VR) is granting its 2019-20 season pass holders credits of at least 20 percent, and up to 80 percent if they weren’t able to use their passes at all. It is also offering free “Epic Coverage” for the 2020-21 season, which will provide cash refun...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magazine, with a subscription or gift su...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM Magazine—Natick, Mass., April 17, 2020—This year’s SAMMY Leadership Award honorees embody many of the mountain resort industry’s hallmarks: creativity, work ethic, entrepreneurship, selflessness, and involvement. The class of 2020 includes Danielle Kristmanson and MJ Legault, the guiding lights of some of our most successful brands, Ken...

SAM Magazine—Tamarack, Idaho, April 17, 2020—Tamarack Resort has named Scott Turlington as its new president. Turlington takes the helm as Jon Reveal, who has served in the role since December 2018, moves to a new position as director of skiing at Tamarack.Scott Turlington, New President of Tamarack Resort Turlington was an executive at Tamarac...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM Magazine—Newry, Maine, April 7, 2020—Sunday River Resort has hired Brian Heon as its new general manager, beginning May 1. Heon is currently the general manager at Wildcat Mountain, N.H., a role he’s held since 2013. In his new position at Sunday River, Heon will be responsible for the day-to-day operations of the resort, overseeing moun...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM Magazine—March 31, 2020, Broomfield, Colo.—Vail Resorts is once again shaking up the leadership ranks at its Eastern and Midwest properties. Vice president of terrain development Elia Hamilton—a 2016 SAMMY Award winner and Cutter’s Camp lead educator—will no longer be with the company, effective April 15, 2020. Also ending their time...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM Magazine—March 27, 2020—Gregg Blanchard of slopefillers.com surveyed resort marketers to gauge the state of marketing amid the COVID-19 pandemic. About 70 respondents shared where they were in terms of financial impact, season pass sales, marketing budget, and more. Plus, many shared their sentiments in written responses. At the time, two o...

SAM Magazine—Blandford, Mass., March 26, 2020—Ski Blandford in western Massachusetts will not operate next season. The ski area was purchased in 2017 by the owners of nearby Butternut, and they made a variety of improvements to lifts and snowmaking. However, the area has continued to lose money, and coupled with the current economic uncertainti...

SAM Magazine—Davis, W.Va., March 26, 2020—Timberline Mountain in West Virginia closed in the middle of the 2018-19 season, fell into bankruptcy soon after, and was purchased in December by the owners of Indiana’s Perfect North Slopes. Now, amid the COVID-19 turmoil, the new owners shared good news: plans to invest more than $10 million at Tim...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magazine, with a subscription or gift subscription for someone in need. Together, #WeGotThis.
SAM Magazine—Vail, Colo., March 24, 2020—These are stressful times, and there's not much time to plan ahead. So, on Saturday SAM talked to someone who thoroughly understands the business, and has time to think: Chris Jarnot, recently retired SVP of Vail Resorts and a veteran of more than 30 years in the industry (and 2007 SAMMY Hall of Famer). We asked about strategies and tactics for the coming days, weeks, and months, and what past crises might teach us.

By Tim Barnhorst, CPCU, ARM,MountainGuard If your resort is closed for the season, focus on discontinuing operations as you would during the end of a normal season. Some specific actions to consider: Unplug computer equipment and point of sale systems in on-mountain lodges and buildings that will not get used during the off-season to avoid dam...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM Magazine—Wilmington, Vt., March 20, 2020—The former Hermitage Club in southern Vermont was sold at auction today to a group of former members for $8,060,000. The sale includes the ski area on Haystack Mountain, a golf course, several local inns, and more. The Vermont Department of Taxes shut down the Hermitage Club in 2018 for missing more...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM Magazine—Natick, Mass., March 17, 2020—Is there a 20-something rising star at your ski area who is poised to make an impact and climb through the ranks? If so, we encourage you to submit a nomination for him or her to be profiled as one of the “10 Under 30” in the July issue of SAM magazine. Nominations are due by April 22. This annua...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM Magazine—Broomfield, Colo., March 14, 2020—Vail Resorts is suspending the operations of all its North American mountain resorts and retail stores beginning Sunday, March 15, 2020 through Sunday, March 22, 2020 and will use that time to reassess its approach for the rest of the season. Excerpts from an open letter from Vail Resorts CEO Rob ...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...

SAM is providing frequent updates, guidance, and ways to connect about the effects of the coronavirus pandemic. Visit our Coronavirus Update page for more resources and special reports. For email updates, sign up to receive Headline News, and, if possible, help support the voice of the mountain industry, SAM Magaz...