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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—Park City, Utah, July 10, 2014—As the lawsuit between Park City Mountain Resort (PCMR) and Talisker Land Holdings heads toward two key August dates, the two sides have agreed to a series of steps aimed at resolving the case—or to deal with a failed effort at agreement. Talisker attorneys have submitted a timeline f...

SAM Magazine—Butler, Ohio, July 7, 2014—The main creditor for Clear Fork Resort here has begun foreclosure proceedings against the area. However, general operations manager Kelly Donaldson told SAM that the filing is only part of a broader effort to reorganize and consolidate the ownership group, Slater Run Land Development LLC, and tha...

SAM Magazine--Tupper Lake, N.Y., July 5, 2014--After nearly 10 years, a ruling made by the appellate division of New York's Supreme Court on July 3 paves the way for the development of the Adirondack Club and Resort in Tupper Lake. Several environmental groups, including Protect the Adirondacks, the Sierra Club and some local landowners, filed ...

SAM Magazine--June 30, 2014--Registration for SAM's 5th Annual Summer Ops Camp is officially open. The camp, which will take place at Vail Mountain, Colo., September 3-5, will explore the many benefits of the growing opportunities in summer recreation in the mountains. The Summer Ops program is a hands-on educational and networking event tha...

SAM Magazine—Bessemer, Mich., June 23, 2014—The following news was just released on Blackjack's Facebook page: Blackjack LLC, owner of Blackjack Mountain Resort, Mich., has executed a definitive agreement to acquire the assets of nearby Indianhead Mountain Resort, a combination that would combine two of the best and most well known ...

SAM Magazine--Park City, Utah, June 19, 2014--Park City Mountain Resort (PCMR) will finally get their wish. Judge Ryan Harris today ordered both PCMR and Talisker Land Holdings (PCMR's landlord) to sit down with a formal, neutral, third-party mediator to try to resolve a land battle that threatens to leave Park City, Utah, without its anchor re...

SAM Magazine—Park City, Utah, June 17, 2014—Park City Mountain Resort (PCMR) made several filings last week in advance of 3rd District Judge Ryan Harris’ decision on whether to sign an eviction order for the resort, as landlord Talisker Land Holdings has requested. PCMR has urged the judge to not sign the order, or to at least pos...

SAM Magazine—Denver, June 17, 2014—Occupancy and revenues at mountain destinations across the Rocky Mountains and Far West are trending positively and looking strong throughout the summer for the third consecutive year, according to Denver-based DestiMetrics, which tracks forward-looking reservation data year-round at mountain resorts. ...

SAM Magazine—Copper Mountain, Colo., June 12, 2014—Statewide skier visits in Colorado soared to an estimated 12.6 million for the 2013-14 ski season, the best season ever for the state, according to Colorado Ski Country USA (CSCUSA). Visits rose more than 10 percent compared to last season, and more than 8 percent compared to the state&...

SAM Magazine—Salt Lake City, Utah, June 12, 2014—Utah ski and snowboard resorts tallied 4,161,585 million skier day visits in 2013-14, up 3.6 percent from the previous season’s 4,018,812. The 3.6 percent increase marks a great success for the industry, ending above four million for the seventh time in the last nine years, and rank...

SAM Magazine—Terrebonne, Que., June 9, 2014—Total visitation at Quebec ski areas in the 2013-14 season increased a slight .6 percent to a total of 6,044,000 skier days in la belle province, according to the Quebec Ski Areas Association (ASSQ). Participation in the province's various first-timer programs increased significantly, thou...

SAM Magazine—Barcelona, Spain, June 6, 2014—Aspen has been chosen to host the 2017 FIS Alpine World Cup Finals, which include men’s and women’s competitions in downhill, super G, giant slalom, slalom and nation’s team event. The Finals, set for Mar. 15-19, 2017, will be the first to be held outside Europe since 1997, a...

SAM Magazine--Lincoln, N.H., June 6, 2014--At its annual meeting at Loon Mountain, Ski NH reported its sixth best season ever with 2,272,826 visits for the 2013-14 season, just 4,000 less than last season. In addition, there were 147,259 cross-country visits and 120,053 tubers. The skier visit number represented a slight decrease over last season o...

SAM Magazine—Broomfield, Colo., June 6, 2014—Vail Resorts’ (VR) has reported increased net revenues for the third quarter (February through April) due to both increased visits at its Colorado areas and the addition of Canyons, Afton Alps, and Mount Brighton to its resort portfolio. Net income hit $117.9 million, up 20.8 percent fr...

The 2019 World Championships bid team, including (from left) Tiger Shaw, Calum Clark, Jenni Smith, Bob Wheaton and Mike Goar, poses after its successful presentation to win the event for Park City. SAM Magazine--Barcelona, Spain, June 5, 2014--The International Ski Federation (ISF) announced today that the U.S. Ski and Snowboard Association...

SAM Magazine--Killington, Vt., June 4, 2014--At the Vermont Ski Areas Association annual meeting, the final visit tally for the 2013-14 season was announced, which was 4,503,269. The number is nearly identical to the previous season's visits. The 2013-14 season numbers ranks Vermont number one in the east and third in the country, according to ...

SAM Magazine—Eden, Utah, June 2, 2014—The Summit Series, which purchased Powder Mountain ski resort here in 2013, has revealed its plan for a village and cultural/entrepreneurial paradise at the resort. If approved, Summit Powder Mountain will consist of 500 homesites and a village core. Luxury homesites will sprout around the mi...

SAM Magazine—Duluth, Minn., May 30, 2014—The Spirit Mountain recreation area has hired a new executive director, Brandy Ream, to replace Renee Mattson, who is stepping down from the post. Ream will assume her new role in June after she and her family relocate from Washington State to Duluth. Before ascending to her new position, Ream...

SAM Magazine—Park City, Utah, May 21, 2014—Utah District Judge Ryan Harris has ruled that Park City Mountain Resort failed to properly renew its lease in 2011, and dismissed all but one of PCMR’s claims for relief. In addition, the judge ruled in favor of Vail Resorts and Talisker (current leaseholder of the disputed land and the ...

SAM Magazine—Denver, May 19, 2014—Resorts East and West saw destination visits increase in the 2013-14 season, and revenues for summer lodging are poised for double-digit growth, according to the latest data from DestiMetrics. DestiMetrics draws its data from a sample of approximately 300 property management companies in 31 mountain ...

SAM Magazine--Whistler, B.C., May 15, 2014--Despite a downtick in visits, revenue saw a slight uptick for the three and six months ended March 31, 2014. Total revenue was $138.8 million (all amounts in Canadian dollars) and $188.6 million for the three and six months, respectively, increases of $6.6 million or 5% and $6.2 million or 3%, respectivel...

SAM Magazine—Denver, May 14, 2014—Intrawest Resorts Holdings, Inc. results for the three months ended March 31 improved, largely due to reduced interest expense following its successful IPO offering in February. Net income for the January-March quarter was $108.9 million, compared to $62.1 million for the year-ago quarter. Intrawest ...

SAM Magazine--West Dover, Vt., May 13, 2014--A jury found that there was a two-year contract in place between Mount Snow and Alli (whose parent company is NBC) with an option for a third year to host the Winter Dew Tour event. Alli performed the first year of the contract by holding the Winter Dew Tour at Mount Snow in January of 2010 but did no...

SAM Magazine—Park City, Utah, May 12, 2014—Snowbird Resort’s Dick Bass has partnered with Ian Cumming in a move that took many by surprise. The families have formed a partnership that makes billionaire Cumming majority owner of the resort. Bass remains as chairman. Cumming has the deep financial pockets Snowbird needs for capit...

SAM Magazine--Cheyenne, Wyo., May 10, 2014--A Wyoming Federal Court jury took less than 30 minutes to decide that Snow King Ski Area and Mountain Resort in Jackson Hole, Wyoming, was not liable for a minor’s fall from a chairlift in December of 2009. Texas residents Leya and Glenn Oswald, the child’s parents, sued Snow King Ski Area and...

SAM Magazine—Washington, D.C., May 9, 2014—In a sign of the underlying strength of the winter sports market, snowsports retail sales rose 7 percent this past season, to $3.6 billion, compared to the prior year, according to the RetailTRAK report from Leisure Trends and Snowsports Industries America (SIA). For the season, apparel sale...

SAM Magazine--North Woodstock, N.H., May 9, 2014--Jessyca Keeler has been selected by Ski New Hampshire's board of directors to serve as executive director of the state association, which represents 33 Alpine and cross-country resorts. Keeler is an avid skier and snowboarder and has been involved in the winter sports travel and tourism industry...

SAM Magazine—Lakewood, Colo., May 5, 2014—Resorts nationwide tallied 56.2 million visits for the 2013-14 season, making a strong rebound in the latter stages after a weather-challenged start. The total represented a mere 1.3 percent drop from the previous season, according to preliminary results from the most recent Kottke National End ...

SAM Magazine—Park City, Utah, May 1, 2014—Powdr Corp and Vail Resorts have continued to address one another through the media and public forums, including a series of public letters between the two companies’ CEOs and the Mountain Travel Symposium, as they await a judge’s ruling on the status of Park City Mountain Resort&rsq...

SAM Magazine--April 28, 2014--Several resorts announced record-breaking seasons today. First up, Stevens Pass, Wash., hosted more than 406,000 visits this winter making 2013/14 its largest season since visits have been electronically tracked. While much of the West Coast saw below average snowfall, Stevens Pass surpassed its 450-inch average with a...

SAM Magazine--Broomfield, Colo., April 24, 2014--Vail Resorts, Inc. (VR) reported certain season metrics for the comparative periods from the beginning of the season through April 20, 2014 and were adjusted as if Canyons was owned in both periods (but they do not include Afton Alps and Mt. Brighton). In short, visits were up 2.3% and lift revenue w...

SAM Magazine—Vail, Colo., April 22, 2014—SAM's fifth annual Summer Ops Camp, a hands-on educational and networking event, will head to Vail, Colo., Sept. 3-5. The Camp gathers resort managers and operators from around North America to explore the exciting opportunities in four-season attractions. In addition to a full schedule of...

SAM Magazine—East Stroudsburg, Pa., April 23, 2014—A father and son team, Kevin Fabiano and Kevin Jr., has bought Alpine Mountain Ski Resort and launched a multi-million dollar renovation of the area, estimated to reach $3 million in improvements by December 2014. The Fabianos purchased the area from Appletree Resource Group, which h...

SAM Magazine—Houghton, Mich., April 17, 2014—Vern Barber, manager of Marquette Mountain, Mich., for the past 32 years, is joining Mount Bohemia as general manager. He starts his new job May 5. Mount Bohemia president Lonie Glieberman said that Barber will be charged with managing the resort’s growing lodging facilities and year...

SAM Magazine—Washington, D.C., April 16, 2014—The U.S. Forest Service has finalized policy guidelines that will open opportunities for ski areas to develop and offer a variety of year-round recreation activities on the National Forests. The revised directives stem from the Ski Area Recreational Opportunity Enhancement Act of 2011. &q...

SAM Magazine—Breckenridge, Colo., April 16, 2014—Occupancy and revenue remained on an upward trend at destination resorts through March, according to Denver-based DestiMetrics. Results varied with the weather for the three major regions covered in the firm’s monthly report. But strong summer reservations across all three regions f...

SAM Magazine--Queensbury, N.Y., April 3, 2014--April Fool's Day was no joke for West Mountain--the area has exited bankruptcy. According to the Post Star, the final decree was made public this past Tuesday. Apex Capital, which has been operating the area since last summer and who bought the first mortgage on the property in November of last yea...

SAMâMagazine—Woodbury, Conn., April 3, 2014—SAM Magazine is proud to announce the 2014 SAMMY Leadership Award winners: Patricia Campbell, Kevin Stickelman, and Laura and Matt O’Brien. The awards, given annually to individuals who will shape the future of the mountain resort industry, are in their 17th year. Patricia C...

SAM Magazine--Orlando, Fla., March 31, 2014--CNL Lifestyle Properties, Inc., a real estate investment trust (or REIT), today announced its operating results for the fourth quarter ended Dec. 31, 2013. As of March 14, 2014, CNL owned a portfolio of 145 lifestyle properties, 73 of which are wholly-owned and run by operators under long-term, triple-ne...

SAM Magazine--Boise, Idaho, March 28, 2014--In an effort to reflect the changing landscape of the mountain resort, Idaho is the latest state to update its bill that oversees ski areas. The governor signed Bill 462 on March 26 and the new Bill goes into effect on July 1, 2014. The update expanded the skiing language to include snowboarding and other...

SAM Magazine—Park City, Utah, Mar. 26, 2014—As the Talisker-Vail-Park City Mountain Resorts’ (PCMR) lease lawsuits head toward two crucial court dates in April, action has been heating up. The latest move: Vail Resorts (VR) has said it is willing to buy PCMR’s base facilities. Vail CEO Rob Katz made this bid in a letter t...

SAM Magazine--Mars Hill, N.C., March 26, 2014--A lodge located at the top of Wolf Ridge Ski Resort burned to the ground during the early hours today. Called the Ridge Lodge, it was built to handle overflow from the base area lodge and to accommodate guests staying in the resort's cabins at the summit. The lodge was unoccupied at the time of the...

SAM Magazine—Denver, Mar. 21, 2014—Intrawest saw increased visits at its resorts in the early season, and that fueled revenue growth for the quarter ended Dec. 31, 2013, Intrawest Resort Holdings reported earlier this week. The report and subsequent call with analysts also indicated that Intrawest sees potential for growth in the future...

SAM Magazine--Salt Lake City, Utah, March 19, 2014--Ski Utah and representatives from Alta, Brighton, Canyons, Deer Valley, Park City Mountain Resort (PCMR), Snowbird, and Solitude held a news conference today at Ski Utah’s headquarters to announce their support for an over-the-snow connection between all seven resorts via chairlift and ski r...

SAM Magazine—Broomfield, Colo., Mar. 17, 2014—Reflecting its diversified holdings across Colorado, Utah, and California, where this winter’s weather has been both favorable and not, Vail Resorts saw net income decline 2.1 percent, to $59.1 million, for the second quarter of fiscal 2014 ended Jan. 31, 2014. Visit growth of 11.9 per...

SAM Magazine--Denver, Colo., March 17, 2014--Colorado Ski Country USA (CSCUSA) announced today that its 21 member resorts reported an increase in skier and snowboarder visitation in January and February. Visits at CSCUSA resorts, which do not include any resorts owned by Vail Resorts, were up by 8.6 percent during the second period of the 2013/14 s...

SAM Magazine—Denver, March 13, 2014—Advance reservations at mountain resorts in both the Rockies and the Northeast were strong in February. As of Feb. 28, with nearly 95 percent of all winter lodging business either completed or on the books, lodging visits showed a 4.6 percent increase for the 2013-14 season (November through April) co...

SAM Magazine--Crystal Mountain, Wash., March 11, 2014--Guests checking out Crystal Mountain's website this morning for the Mountain Report found this: The bottom of the High Campbell chairlift was taken out by a very large avalanche late yesterday afternoon. The area was closed and nobody was hurt. The avalanche was triggered by an explosive...

SAM Magazine--Tamarack, Ida., March 11, 2014--In an auction on Monday, Credit Suisse, the main creditor for Tamarack, was the only bidder for three large sections of Tamarack Resort at a sheriff's sale. According to KTVB news, Credit Suisse now owns most of the physical properties instead of collateral interest, including the mountain assets an...

SAM Magazine--March 11, 2014-- Whistler, Aspen/Snowmass, Jackson Hole, Alta, Snowbird and Squaw Valley/Alpine Meadows, members of the Mountain Collective, which offers purchasers two days at each of the destinations, plus a 50% discount on all additional days, have released an expanded pass product for the 2014/15 season. A limited number of passes...

SAM Magazine—Washington, D.C., March 10, 2014—The snow sports retail market finished January up 4 percent in units sold and up 7 percent in dollars, reaching $2.8 billion for the season to date (August through January), according to the SIA RetailTRAK. The report is prepared by Leisure Trends for SnowSports Industries America (SIA). Tot...

SAM Magazine--Olympic Valley, Calif., March 10, 2014--Squaw Valley and Alpine Meadows are teaming up with Sugar Bowl next season to offer passholders sliding privileges at all three resorts, plus Royal Gorge Cross Country. Holders of Squaw/Alpines's Gold pass are allowed four free days at Sugar Bowl and Royal Gorge. Sugar Bowl's unrestricte...

SAM Magazine--Albany, N.Y., March 10, 2014--New York Governor Andrew M. Cuomo today announced the launch of the ‘I Ski NY’ Bus, a new, dedicated bus line to 13 upstate ski mountains from New York City and Toronto to begin service for the 2014-2015 winter ski season. Currently, only two mountains—Hunter and Windham Mountains...

SAM Magazine—Pagosa Springs, Colo., Mar. 7, 2014—On Tuesday, Mar. 4, Wolf Creek Ski Area avalanche technician and senior patroller Colin Sutton was caught in an avalanche while conducting an exploration and research mission via helicopter on Conejos Peak. The avalanche occurred at about 1:30 p.m. He was immediately dug out by his partne...

SAM Magazine—Aspen, Colo., Mar. 7, 2014—Some of the world’s best snowboarders will descend on Aspen March 19-23 to try their hand on a halfpipe—or two—that is unlike anything done before. For this Red Bull Signature Series event, two competition-spec halfpipes will be constructed side-by-side, complete with rails, wall...

SAM Magazine--Richmond, Utah, March 6, 2014--A new resort in Cache County, Utah, (close to Logan) is set to open its doors next season, bringing the state's total to 15 mountain resorts. Called Cherry Peak Ski Resort, the small 200-acre resort will postion itself as a teaching mountain. According to Utah Public Radio, the resort will feature th...

SAM Magazine--Denver, Colo., March 6, 2014--Like cell phone companies, Intrawest has roled out a new pass product designed for the "modern" family. Called the Intrawest Passport, the pass will offer children 12 and under free skiing and riding, as well as redefine who can be included in the product. The season pass includes six days of sk...

SAM Magazine—Broomfield, Colo., Feb. 28, 2014—With many resorts already selling season passes for the 2014-15 season, Vail Resorts (VR) is adding one of the snowiest powder skiing resorts in the world—Niseko, Japan—to its Epic Pass program. Epic Passholders will receive five complimentary consecutive days at Niseko, Japan, f...

SAM Magazine—Park City, Utah, Feb. 28, 2014—Olympian Tiger Shaw will take over as president and CEO of the U.S. Ski and Snowboard Association (USSA) effective Mar. 3 as part of a planned transition, replacing longtime USSA chief Bill Marolt. Shaw was named chief operating officer last fall. He has spent the last five months working c...