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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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Utah Visits Hit New Highs-Again

SAM Magazine-Salt Lake City, May 16, 2006-Utah resorts achieved their third consecutive record-breaking year for skier visits in 2005-06 as they topped 4 million for the first time. Utah skier days are at 4,045,030, up 3.8 percent over the previous season, with Snowbird sure to add a few thousand more before it closes at the end of May. Visits to U...

Apparel and Accessories Paced Strong Retail Season

SAM Magazine-McLean, Va., May 16, 2006-Overall sales for the winter sport market (including specialty and chain stores) rose 4 percent, to $2.3 billion for the August 2005 through March 2006 period, compared to $2.2 billion a year earlier, according to the SIA Retail Audit. Unit sales were up 6 percent. For the season, strong sales through December...

Pacific Northwest Has Stellar Year

SAM Magazine--May, 15, 2006, Oregon--The Pacific Nortwest Ski Areas Association announced that Oregon is on track for a record-breaking year and Washington had its second best. On the heels of one of the worst seasons in memory in 2004/05, great snow conditions allowed areas in the Pacific Northwest to rebound nicely. Oregon still has three areas i...

Jesse Boyd New GM at Big Boulder/Jack Frost

SAM Magazine--Blakeslee, Penn., May 12, 2006--Peak Resorts announced that Jesse Boyd will take on the GM position at Big Boulder and Jack Frost ski areas. Peak Resorts took over the operation of both areas during the winter of 2005-06 under the direction of Dave Grenier, executive VP of Peak Resorts. Grenier will continue to be involved with Jesse ...

Wildcat For Sale

SAM Magazine--May 12, 2006, New Hampshire--Wildcat Ski Mountain in Pinkham Notch, N.H., is up for sale again. The area features 225 acres of sliding on 47 trails and 2,112 feet of vertical. Accessing the terrain are three triples and a quad. The area operates on a 40-year extendable lease and there are 37 years remaining on the current lease. ...

Intrawest Releases Third Quarter Figures

SAM Magazine--May 10, 2006, Vancouver, Canada--Thanks to the sale of real estate holdings at Mammoth Mountain, Intrawest saw its total company EBITDA for the third quarter jump to $136.5 million, up from $109.5 million for the same period last year. (EBITDA stands for earnings before interest, income taxes, non-controlling interest, depreciation an...

Maine Skier Statute Upheld

SAM Magazine--May 8, 2006, Portland, Maine--Maine's assumption of risk law was tested last week when a tuber brought her case all the way to the state's Supreme Court. The Court threw out the lawsuit and upheld the definition of skiing which includes "sliding downhill on snow or ice on skis, toboggan, sled, tube, snowboard..." In its decision, t...

Bitterroot Resort Hits Another Snag

SAM Magazine--May 8, 2006, Missoula, Montana--It's back to the drawing board for the proposed Bitterroot Resort in Montana. According to published reports, the Forest Service rejected, for the second t ime, a proposal by rancher Tom Maclay to develop Forest Service land above his ranch into a ski resort. Last year, the resort submitted a proposa...

Bretton Woods To Get New Owners

SAM Magazine-Bretton Woods, N.H., April 28, 2006-The Mount Washington Resort at Bretton Woods, which includes the ski resort as well as the Mount Washington Hotel and golf course, has entered into an agreement with Celebration Associates and CNL Income Properties, Inc., to sell the resort, subject to the completion of further due diligence. U...

DeBoer Family Becomes Sole Owner of Brundage Mountain Resort

SAM Magazine-McCall, Ida., April 28, 2006-Brown's Industries, Inc. and Snowy Peaks, LLC, both owned by long-time Brundage Mountain Company co-owners Judd and Diane DeBoer and their family, have purchased the 50 percent ownership stake previously held by the J.R. Simplot Company. The purchase givefs the DeBoer family full ownership of the resort. ...

Richard Kohnstamm, Father of Timberline Skiing, Dies

SAM Magazine-Government Camp, Ore., April 25, 2006-Richard L. Kohnstamm, who transformed Timberline Lodge into a national skiing institution in the 1950s, died last Friday after becoming ill at his family's cabin on Mount Hood. He was 80 years old. Kohnstamm assumed management of the Depression-era Timberline Lodge in the early '50s, after it h...

Bitterroot Resort Submits New Plan

SAM Magazine-Missoula, Mont., April 25, 2006-Rancher and would-be resort developer Tom Maclay last week resubmitted a special-use permit application for a scaled-down resort on National Forest land adjacent to his 3,000-acre property in the Bitterroot Valley. Maclay seeks to develop 1,780 acres in the Bitterroot National Forest for skiing and ri...

2006 SAMMY Winners Announced

SAM Magazine--Woodbury, Conn., April 20, 2006--SAM Magazine is pleased to announce this year's SAMMY Future Leadership Awards. First up is Alexa Bernotavicz, mountain operations director at Wildcat Mountain, N.H. Next is Yves Juneau, sales and marketing director of Quebec's Mont-Sainte-Anne and Stoneham resorts. Third is Steve Kruse, director of mo...

Warm Weather Trims Retail Sales Gain for 2005-06

SAM Magazine-McLean, Va.. Apr. 19, 2006-Retail winter sports sales remained sluggish in February, but overall sales for specialty and chain stores nonetheless totalled $2.2 billion for the August 2005 through February 2006 period, up 6 percent from $2.1 billion a year earlier, according to the SIA Retail Audit. Unit sales were up 7 percent. Sales r...

Bear Valley Decision Reaffirms Assumption of Risk Doctrine

SAM Magazine-Calaveras County, Calif., April 10, 2006-A court here ruled late last week that Bear Valley Ski Company is not liable for a 2000 terrain park accident that left former employee Charlene Vine paralyzed from the waist down. Vine had sued the ski resort after she broke her spine in 2000 during an employee party while attempting to ride he...

Three Ski Patrollers Die at Mammoth

SAM Magazine-Mammoth Lakes, Calif., April 10, 2006-Three Mammoth Mountain ski patrollers died last Thursday while working to fence off a geothermal vent following a heavy snowfall. The snow they were standing on collapsed and they fell into a 20-foot-deep well around the vent. Two patrollers, John McAndrews and James Juarez, were attempting to r...

Crotched Mountain Refinanced

SAM Magazine--April 4, 2006--Crotched Mountain, N.H., was refinanced for $8 million with Entertainment Properties Trust, a real estate investment trust. Crotched Mountain was resurrected in 2002 when Missouri-based Peak Resorts signed a lease to run the area. Peak made significant investments in snowmaking, lifts, a new base lodge and more, and...

Jacques Hebert, Quebec Icon, Dies

SAM Magazine-St. Sauveur, Que., Mar. 21, 2006-Jacques Hebert, chairman of Mont Saint Sauveur International, which operates Jay Peak and several Quebec areas, died Mar. 17 after a brief illness. He had been involved in managing the company since the 1960s and was an icon in the Quebec ski industry. Under his leadership, the company purchased Jay Pea...

Investor Group Puts Faith in Magic

SAM Magazine-Londonderry, Vt., Mar. 20, 2006-An investment group led by a Connecticut lawyer is set to purchase Magic Mountain ski area here for about $3 million, according to the current owners. A report in the Brattleboro (Vt.) Reformer termed the deal "imminent." The sale would give Magic its fourth owner in the last 10 years. Magic general ...

American Skiing Co. Posts Higher Revenues, Smaller Loss

SAM Magazine-Park City, Ut., Mar. 16, 2006-American Skiing Company (ASC) reported total consolidated revenue of $112.5 million for the second quarter of fiscal 2006, up 6 percent from $106.1 million for the year-earlier period. Revenue from resort operations was $109.9 million compared with $103.4 million in 2005. This year's total represents a rec...

Arizona Snowbowl to Open Mar. 17

SAM Magazine-Flagstaff, Ariz., Mar. 14, 2006-The Arizona Snowbowl will open on Friday, Mar. 17, after a recent storm cycle dropped 56 inches of snow. Snowbowl had received just 22 inches in the 2005-06 season prior to the recent storms, leading to the latest opening in the resort's history. "We are happy to finally open for the skiers and snowbo...

Despite Warm January, Retail Sales Rock On

SAM Magazine-McClean, Va., Mar. 14, 2006-Overall sales for the winter sport market were up 9 percent to $1.8 billion for the August 2005 through January 2006 period, compared to $1.7 billion a year earlier, according to the SIA Retail Audit. Unit sales were up 8 percent. Sales at specialty ski and snowboard shops were up 8 percent, to $1.4 billi...

Colorado Resorts on Pace for Record Visits

SAM Magazine-Denver, Colo., Mar.14, 2006-Colorado resorts hosted a record 5.2 million-plus skiers and snowboarders from Jan. 1 through Feb. 28, according to Colorado Ski Country USA (CSCUSA). This represents an increase of more than five percent over the same time period last season, and more than 230,000 visits ahead of the state's previous best J...

intrawest Sells Mammoth Real Estate

SAM Magazine--March 13, 2006, Vancouver, B.C.--After the sale of Mammoth Mountain to Starwood Capital, Intrawest announced today that it will sell the majority of its real estate holdings in the town of Mammoth Lakes for $60 million pre-tax profit to the same company. The real estate comprises the future development of over 1,100 residential units ...

Vail Posts Record Fiscal 2006 Second Quarter

SAM Magazine--Vail, Colo., March 13, 2006--Vail Resorts released its second quarter results today (three months ended January 31) and the snow gods were kind. First, the company reports that skier visits increased 7.9 percent over the same period last year, giving Vail Resorts a new skier visit record--2,875,000 million versus 2,664,000 during the...

Holiday Retail Sales Foretell Banner Season

SAM Magazine-McLean, Va., Feb. 28, 2006-Overall sales for the winter sport market (including specialty and chain stores) rose 13 percent, to $1.5 billion, for the August through December period of 2005, compared to $1.3 billion a year earlier, according to the SnowSports Industries America (SIA) Retail Audit. Unit sales were up 14 percent. Sales...

U.S. Resort Tops World Lift Ticket Price Survey

SAM Magazine-The U.S. has the world's most expensive six-day lift pass, priced at more than $500, according to the 2005-06 World Lift Ticket Price Survey. The survey, the fifth annual such report from Snow Hunter Ltd., presents a broad review of six-day lift ticket prices from more than 300 ski areas in 30 countries. For bargain-hunters, Iran is...

Intrawest Reviewing Stragetic Options, Including Possible Sale

SAM Magazine-Vancouver, B.C., Feb. 28, 2006-Intrawest has initiated a review of strategic options for enhancing shareholder value, including, but not limited to, a capital structure review, strategic partnerships or business combinations. The company has retained Goldman, Sachs & Co. to assist in the review, which is already underway. No timetable ...

Vail Resorts Names Katz CEO, Promotes Others, Moves HQ to Denver

SAM Magazine-Avon, Colo., Feb. 28, 2006-Vail Resorts has named Robert Katz as chief executive officer, effective immediately, and promoted several other executives, including Vail VP/COO Bill Jensen and Breckenridge and Keystone VP/COO Roger McCarthy. Last but not least, Joe R. Micheletto has been elected chairman of the board. As part of its reorg...

Steamboat to Auction Grand Summit Condos

SAM Magazine-Steamboat Springs, Colo., Feb. 28, 2006-American Skiing Co. (ASC) is selling the remaining units in its Steamboat Grand Resort Hotel & Condominiums on Mar. 18 during a live and online auction Mar. 18. The auction will offer one-, two- and three-bedroom units and penthouse residences, including more than 200 fractional shares and more t...

Vermont Ski Areas Association Gets New Leaders

SAM Magazine--Montpelier, Vt., February 8, 2006--The Vermont Ski Areas Association announced that Parker Riehle has been named the new president of the trade association. Victoria Provost was also promoted to VP of marketing. Riehle replaces departing president David Dillon, who has accepted the head position at the Haystack Club. Riehle has rep...

Don't Forget the Next Snow Show

SAM Magazine--February 7, 2006--This is a reminder that on February 11, the Sports Illustrated for Kids Next Snow All Stars program will lead NBC's opening-day coverage of the Winter Olympic Games. The show will air at 2 p.m. EST, 1 p.m. Central, 12 p.m. Mountain, and 11 a.m. Pacific time. The Next Snow event, which was created by Jack Turner of...

Aron to Leave Vail Resorts June 28

SAM Magazine-Vail, Colo., Jan. 30, 2006-Vail Resorts, Inc. chairman and CEO Adam Aron will resign June 28, ten years after he first accepted the position. Vail will immediately commence a search for Aron's successor, which will include external and internal candidates. Aron said he will work closely with the company's board of directors to ensur...

David Dillon To Head Up Haystack

SAM Magazine--Wilmington, Vt., January 25, 2006--After six years as president of the Vermont Ski Areas Association, David Dillon will move into the head position at the Haystack Club starting in mid-February. Haystack was purchased from the American Skiing Company last spring for $5 million by 2Cornell, Inc., and will be renovated and turned int...

Peek 'n Peak To Get New Owners

SAM Magazine--Findley Lake, N.Y., January 25, 2006--According to published reports, after being on the market for a year, Peek'n Peak Resort has announced the sale of their western New York ski area to Kiebler Recreation, LLC, a real estate development and management company. Peek'n Peak has been owned by brothers Eugene and Norbert Cross since the...

Retail Sales Showed Broad Strength In Fall

SAM Magazine-McLean, Va., Jan. 12, 2006-If early retail sales are a barometer for resort visits, this could be a banner year. Overall sales for the winter sports market were up 8 percent in both dollars and units for the August through November period of 2005. Sales totaled $696.9 million for the period, compared to $647.8 million reported last yea...

Colorado's Early-Season Visits Hit All-Time High

SAM Magazine-Denver, Colo., Jan. 11, 2006-The 25 member resorts of Colorado Ski Country USA (CSCUSA) set a new record for skier visits during the first part of the 2005-06 ski and snowboard season. Collectively, the areas hosted more than three million skier visits through Dec. 31, 2005, up 5.6 percent from last season and nearly 11 percent ahead t...

No Such Thing as a Perfect Avalanche?

SAM Magazine-Lawrenceburg, Ind., Jan. 11, 2006-In a truly freak act of nature, the headwall at Perfect North Slopes fractured and avalanched Jan. 4 after a warm spell destabilized the machine-made snow at this Midwestern resort. The slide took out a lift tower on one lift and the electrical system on another. (SAM will provide photographic evidence...

USSA Not Amused by Bode Miller's 60 Minutes Comments

SAM Magazine--Salt Lake City, Utah, January 9, 2006--The United States Ski and Snowboard Association (USSA) issued a statement today following Bode Miller's appearance on "60 Minutes" on January 8. In the interview, Bode talked about racing while intoxicated and the dangers that lie therein. He was referring to celebrating a World Cup victory and w...

Izzy Slutzky Dies at 92

SAM Magazine--Hunter Mountain, January 9, 2006--The Slutzky family and staff of Hunter Mountain were saddened today with the death of one of the resort's founding fathers, Israel Slutzky. He died of natural causes in the early morning hours of January 8, 2006. He was 92. Israel (Izzy), along with his brother Orville, provided the vision for Hunter ...

Fire Damages Bretton Woods Motor Lodge

SAM Magazine-Bretton Woods, N.H., Jan. 3, 2006-A three-alarm fire on New Year's Eve destroyed half of the 50 guest rooms at The Lodge at Bretton Woods, the resort-owned motor lodge that sits between the Bretton Woods ski area and the famed Mt. Washington Hotel. No one was injured in the fire, according to resort spokesmen. The resort relocated the ...

Tremblant, Union End Strike

SAM Magazine-Mont Tremblant, Que., Jan. 3, 2006-The strike by 1,500 employees at Mont Tremblant ended today when union members accepted terms recommended by a provincial mediator. Terms of the agreement were not disclosed. For Tremblant, the important news is that the resort will return to normal staffing quickly, perhaps by the coming weekend. ...

Strike Hobbles Mont Tremblant Resort

SAM Magazine-Mont Tremblant, Que., Dec. 19, 2005-More than 700 Mont Tremblant workers voted today to stay off the job until a contract settlement is reached with the resort. The strikers include all mountain ops and hotel employees-among them ski instructors, lift operators, maintenance workers, parking lots attendants, and food and beverage employ...

Kelly Pawlak to Head Mount Snow

SAM Magazine--Park City, Utah, December 13, 2005--American Skiing Company (ASC) didn't have to look far for the new managing director of Mount Snow. The company announced that Kelly Pawlak has been promoted to the position. Pawlak has been with Mount Snow for 20 years, most recently as VP of brand management. Pawlak replaces Stan Hansen who was pro...

Peak Resorts Adds Jack Frost/Big Boulder

SAM Magazine--December 2, 2005--Peak Resorts, based out of St. Louis, Missouri, has entered into a long-term agreement to operate the Jack Frost and Big Boulder ski areas in Pennsylvania starting this season. The areas are owned by The Blue Ridge Real Estate Companies. With the addition of the two ski areas, Peak Resorts will now operate nine wi...

Ginn Company Buys Burke

SAM Magazine--December 1, 2005, East Burke, VT--According to the Caledonian-Record, the long-speculated-upon sale of Burke Mountain in Vermont to the Ginn Company was completed on Tuesday November 29. Burke Mountain was bought out of auction by the Burke Mountain Academy in 2000. Other parcels of land surrounding the ski area were also sold at ...

Early Openings For Many

SAM Magazine--November 16, 2005--The ski and snowboard season kicked off, as it does most years, at Loveland Ski Area in Colorado on October 14. Two weeks later, Killington kicked off its season on October 29 after almost two feet of snow fell in Vermont. Warmer temperatures after the Halloween weekend forced the area to close with a reopening plan...

Boyne to Sell, Lease Back Cypress Mountain

SAM Magazine-Boyne, Mich., Nov. 14, 2005-Boyne USA, Inc., is selling Cypress Mountain, B.C., and the scenic Gatlinburg Sky Lift to CNL Income Properties Inc., a real estate investment trust (REIT)-and then leasing them back. The $47.5 million agreement is expected to close by the first quarter of 2006. CNL Income Properties will own 100 percent...

Schwarzenegger Lends Muscle to California Resort Marketing

SAM Magazine-Sacramento, Calif., Nov. 2, 2005-Governor Arnold Schwarzenegger, the California Travel and Tourism Commission (CTTC) and California's winter resorts have launched a California Snow Campaign to boost visits to the state. The California Snow Campaign includes a 30-second spot featuring Governor Schwarzenegger skiing, along with upbeat...

Hawkes Named GM of Ski Roundtop

SAM Magazine-York, Pa., Nov. 2, 2005-Ron Hawkes is the new GM at Ski Roundtop in south central Pennsylvania. "Ron brings well-rounded expereience and much enthusiasm to the resort," said Scott Romberger, president of Roundtop parent company Snow Time, Inc. Hawkes was previously at Hunter Mountain, where he served in several capacities over the p...

Three Valleys Go Green

SAM International, France (SnowHunter)--In the continuing trend to identify and quantify the efforts mde by ski resorts to minimise their environmental impact, Courchevel in France has detailed what the Three Valleys, the world's largest ski area, is doing in this regard. The Three Valleys, which operates 1,920 snow cannons, 183 ski lifts and 67...

Respect the Mountain Campaign Wins Innovation Award

SAM International, Great Britain (SnowHunter)--The Ski Club of Great Britain's Respect the Mountain Campaign, which was launched to help safeguard the natural environment and the long-term future of skiing, has been jointly awarded the Lucy Dicker Award which acknowledges innovation and outstanding contribution to the ski industry. The Lucy Dick...

Despite Wilma, Marco Island is Still a Go

SAM Magazine--Lakewood, Colo., October 28, 2005--The National Ski Areas Association (NSAA) announced that the Marco Island Marriott in Florida, slated to host the 2006 national convention, incurred minimal damage from Hurricane Wilma. In an ironic twist, the 2006 national trade show and convention had already been moved from New Orleans to Marco Is...

Intrawest Plans Dramatic Interconnect for Whistler/Blackcomb

SAM Magazine-Whistler, B.C., Oct. 26, 2005-In an effort to further cement its position as one of North America's top resorts, Intrawest plans to construct a high-capacity gondola nearly three miles long, linking the peaks of Blackcomb and Whistler mountains, according to a report in Canada's The Globe and Mail. The C$50 million project will link...

Jim Weinstein, SIA Founding Member, Dies

SAM Magazine-McLean, Va., Oct. 25, 2005-Jim Weinstein, 101, one of the original founders of the trade organization that became SIA and for four decades the organization's corporate counsel, died Oct. 20 in Woodstock, Vt. Weinstein teamed with client Lew Russfield, owner of Sun Valley Skiwear, to help organize the National Ski Equipment and Cloth...

Windham Mountain Sold to Local Investors

SAM Magazine-Windham, N.Y., Oct. 24, 2005-Snow Time, Inc., owner of Ski Roundtop, Liberty Mountain Resort and Whitetail Mountain Resort in Pennsylvania, is selling Windham Mountain to a group of local investors, including Windham president Dan Frank. Terms of the deal were not disclosed. The investors include Dick Jordan, a local developer, and ...

Raymond to Leave Intrawest

SAM Magazine-Vancouver, B.C., Oct. 19, 2005-Gary Raymond, the head of Intrawest Placemaking (read: real estate development) who has played a significant role in building Intrawest's resort villages, is resigning from the company later this year to pursue other business interests. Placemaking CFO Drew Stotesbury will serve as interim head of the div...

Sunlight On Sale for $50 Million

SAM Magazine-Glenwood Springs, Colo., Oct. 13, 2005-Sunlight Mountain Resort, 10 miles southwest of Glenwood Springs, Colo., is for sale for $50 million, according to Richard Schafstall, president and CEO. The sale includes the U.S. Forest Service permit for the 2,081 acres (including 67 trails and 470 acres of skiable terrain), four lifts, a ba...

Loveland First to Open for Sixth Straight Year

SAM Magazine-Bakerville, Colo., Oct. 13, 2005- Mid-winter conditions arrived last weekend in Colorado, allowing Loveland Ski Area, situated atop the Continental Divide, to open for the 2005-06 ski season on Friday, Oct. 14. Loveland will be the first resort in North America to open for the sixth year in a row. The area will offer skiing and riding ...

Prinoth Takes Over Camoplast Grooming

SAM Magazine--Granby, Que., October 12, 2005--After just over a year under the Camoplast umbrella, the grooming division, which includes the BR 350 and the BR 180, will be bought by Prinoth, which is part of the Leitner Group. As of November 7, Prinoth will be in charge of design, engineering, R&D, service, parts and sales, while Camoplast will ...