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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—Flagstaff, Ariz., June 25, 2018—The threat of wildfires in the west has prompted the U.S. Forest Service to close access to several areas of public lands, including access to some businesses that operate through permits in public lands. This includes Arizona Snowbowl, which was ordered to close summer operations a few days before M...
SAM Magazine—Denver, June 25, 2018—Alterra Mountain Company is gradually covering all its competitive bases, the most recent being a pass partnership with Thredbo, Australia. This is the first resort outside of North America to be included on the Ikon Pass, and inserts the company into a market that, until now, was only occupied by Vail Resorts...
SAM Magazine—Eagle, Colo., June 21, 2018—A jury ruled in favor of Vail Resorts on June 20 in the wrongful death trial of 13-year-old Taft Conlin, who was killed in an in-bounds avalanche at Vail in 2012. Vail’s ski patrol had closed the upper Prima Cornice run, but a lower entry to the slope had remained open. Conlin had entered and climbed up toward the cornice when the avalanche occurred. Conlin’s parents, Dr. Louise Ingalls and Dr. Stephen Conlin, had sued the ski company for negligence, saying the resort had violated Colorado’s Skier Safety Act because it did not close the run properly.
SAM Magazine—Wrightwood, Calif., June 21, 2018—Colorado’s Monarch Mountain—one of the pioneers in season pass partnerships—has joined the Powder Alliance, becoming the 20th mountain resort to be a part of the reciprocal pass partnership.
SAM Magazine—Waltham, Mass., June 21, 2018—BEWI Productions, Inc., the organizer of the Colorado Ski and Snowboard Expo, has partnered with Sun & Ski as the exclusive retailer for this year’s event, Nov. 16-18 at the Colorado Convention Center. Sun & Ski has recently expanded to Colorado, opening shops in Avon and Dillon, with more lo...
SAM Magazine—Vail, Colo., July 30, 2018—Vail has become the first U.S. destination and the first mountain resort in the world to achieve certification as a "sustainable destination" by Sustainable Travel International. Certification efforts took more than five years, and required work and involvement by the resort, the town of Vail, and the U.S...
SAM Magazine—Natick, Mass., June 20, 2018—Registration is open for SAM’s ninth annual Summer Ops Camp, a series of seminars, workshops, and site visits that explore the state of the art in summer operations. Camp also provides a great opportunity to get hands-on with a wide range of summer activities, and to explore product offerings with a d...
SAM Magazine—Salt Lake City, Utah, June 18, 2018—Despite limited help from Mother Nature during the 2017-18 ski season, Utah ski areas posted their sixth-best season in terms of skier visits. Starting Nov. 21 at Brighton Resort and ending May 13 at Snowbird, visits for the season totaled 4,145,321—down 9.6 percent from last season’s all-tim...
SAM Magazine—Jackson, Wyo., June 18, 2018—As part of its master development plan, Snow King Mountain Resort (SKMR) intends to build an on-site facility that will house approximately 50 seasonal employees. The Jackson town council must approve the plan before construction can begin. SKMR hopes to start building it by 2020. The site for the prop...
Snow People is where we highlight recent happenings to prominent people in the mountain resort industry.
SAM Magazine—June 14, 2018—As winter weather remains unpredictable and skier visits stagnate, resorts are continuing to invest capital in their summer operations. Bike parks are booming, and adventure parks dominate the summer development field. More diversified summer operations are also popping up thanks to some exciting new partnerships. Acr...
SAM Magazine—Broomfield, Colo., June 7, 2018—Vail Resorts reported earnings and pass sales increases in its all-important February-April third quarter. Net income grew 41 percent in the quarter, to $256.3 million, boosted by a reduction in income taxes as a result of U.S. tax reform and by the addition of Stowe to the VR portfolio for the 2017-...
SAM Magazine—Denver, June 7, 2018—Colorado Ski Country USA (CSCUSA) announced today at its 55th Annual Meeting in downtown Denver skier visits at its now 24-member ski resorts tallied 7.1 million during the 2017-18 winter season. This year’s total is just slightly ahead of the five-year average, and only 2 percent lower than in 2016-17. “T...
SAM Magazine—Montpelier, Vt., June 18, 2018—The Vermont Ski Areas Association (VSAA) reported 3.97 million skier visits at its member resorts during the 2017-18 season, a year-over-year increase of 1.2 percent, but just below the state’s 10-year average. Those visits helped generate $1.6 billion in economic activity during the winter season i...
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SAM Magazine—Denver, June 20, 2018—It didn’t take long for Alterra Mountain Company to answer Vail Resorts’ recent plans for new acquisitions. Alterra has entered into an agreement to purchase Solitude Mountain Resort in Utah, which would bring the company’s total to 13 destinations throughout North America, including CMH heli-skiing oper...
SAM Magazine—Broomfield, Colo., June 4, 2018—It’s been about 15 months since Vail Resorts added a new ski area to its portfolio, and today the company said it plans to add four more, with the acquisition of Triple Peaks, LLC, which is the parent company of Okemo, Vt., Mount Sunapee Resort, N.H., and Crested Butte, Colo., plus Stevens Pass, Wash., in a separate transaction. All four properties are currently operated under lease agreements with Ski Resort Holdings, LLC, an affiliate of Oz Real Estate.
SAM Magazine—Park City, Utah, June 7, 2018—Powdr is shaking up its executive group, starting at the top. The company's founder and chairman John Cumming, has stepped down as CEO, making way for Wade Martin and Justin Sibley, who will serve as co-presidents. Tim Brennewald has been promoted to chief operating officer of Powdr. All moves are effe...
SAM Magazine—Incline Village, Nev., June 4, 2018—The community-owned Diamond Peak Ski Resort near Lake Tahoe was recently recognized as being STOKE Certified for its sustainability efforts. The resort joins Oregon’s Mt. Ashland Ski Area as the only two ski areas in the nation to achieve the recognition.
SAM Magazine—Dummerston, Vt., May 25, 2018—Maple Valley Ski Area, just outside of Brattleboro in southern Vermont, has sat idle for 18 years. This week, a Connecticut-based “member managed” company purchased the 375-acre property for $745,000 from another Connecticut-based company that has owned it for several years.
SAM Magazine—Pittsfield, Mass., May 25, 2018—Berkshire East owners Jon, Jim, and Roy Schaefer have closed on their acquisition of nearby Catamount Ski Area. Total purchase price was $2.3 million, which includes $1.66 million in outstanding debt.
SAM Magazine—Denver, May 21, 2018—Western mountain destinations eked out a lodging revenue increase of 1.8 percent over last year as of April 30. The aggregated figure set a new revenue record among participating properties, even though occupancy finished the season down one percent compared to the previous winter. Increases in the average daily rate (ADR) elevated total revenues. The season-end summary was reported by Inntopia in its monthly DestiMetrics Market Briefing.
SAM Magazine—Lakewood, Colo., May 17, 2018—Resorts interested in joining the NSAA Climate Challenge have until tomorrow, May 18, 2018, to complete the enrollment form, or at least alert NSAA of intention to join.
SAM Magazine—Lakewood, Colo., May 17, 2018—In its most recent edition of “Capital Watch,” the National Ski Areas Association (NSAA) said the list of co-sponsors in the House and Senate for the Ski Fee Retention Act of 2018 is growing, thanks in part to efforts by ski areas that operate on public lands and state associations reaching out to their respective federal lawmakers—but the more the merrier.
SAM Magazine—Marco Island, Fla., May 11, 2018—The National Ski Areas Association recognized six ski areas and one state association with Safety Awards for exceptional initiatives to educate guests and employees about skiing and snowboarding responsibly.
SAM Magazine—Wildwood, Mo., May 11, 2018—The presence of the Ikon Pass and Epic Pass in the Northeast market doesn’t appear to have impacted sales of Peak Resorts’ incumbent Peak Pass. The company reported that consolidated sales of the five Peak Pass products through April 30, 2018 increased 14 percent in units and 16 percent in revenue year-over-year, buoyed by a 47 percent jump in unit sales of the Drifter Pass, an unrestricted discounted pass for the 18- to 29-year-old crowd.
SAM Magazine—Marco Island, Fla., May 8, 2018—The National Ski Areas Association (NSAA) presented its 2018 Lifetime Achievement Awards to Jerry Blann, the former longtime president of Jackson Hole Mountain Resort, Wyo., and Onno Wieringa, the longtime general manager of Alta, Utah, at the National Convention and Tradeshow here.
SAM Magazine—Marco Island, Fla., May 8, 2018—Bear Valley Mountain, Calif.; Crystal Mountain, Mich.; and Boreal Mountain, Calif., won the 2018 Golden Eagle Awards for excellence in environmental initiatives. Sha Miklas of Arapahoe Basin, Colo., was named the “Hero of Sustainability” honoree for 2018.
SAM Magazine—Snowbasin, Utah, May 8, 2018—Snowbasin Resort came home with two awards from the National Ski Areas Association convention in Florida: the Conversion Cup and Best Overall Safety Program.
SAM Magazine—Pittsfield, Mass., May 7, 2018—The owners of Berkshire East Mountain Resort in western Massachusetts have reached an agreement to acquire nearby Catamount Ski Area. SAM reported in April that Catamount president Tom Gilbert and vice president Rich Edwards were actively seeking an investor, a joint venture partner, or a new owner/operator for the mountain. The deal is expected to close in the next two weeks. The purchase price was not disclosed.
SAM Magazine—Lakewood, Colo., May 1, 2018—The National Ski Areas Association (NSAA) selected four member ski areas to receive its annual Sustainable Slopes Grants: Blue Mountain Resort, Pa., Mountain High Resort, Calif., POWDR Resorts, and Snow Creek Ski Area, Mo. The Sustainable Slopes grant program provides cash and in-kind funding to support sustainability projects at NSAA member ski areas.
SAM Magazine—Tremblant, Quebec, June 5, 2018—Mont-Tremblant hosted the Quebec Ski Areas Association annual meeting last week that welcomed a record crowd of 380 attendees from 51 ski areas across the province of Quebec. The province’s ski areas drew more than 6 million skier visits, up 1.4 percent compared to last season despite some challeng...
SAM Magazine—April 24, 2018, Vernon, N.J.—Mountain Creek is debuting a new ecommerce and point-of-sale solution called SnowCloud this summer. Aimed at simplifying guest transactions, SnowCloud will replace all other sales and access software at the resort, including online sales, onsite sales and management, and lift gate access. It is built around the same ultra-high frequency RFID technology as Vail Resorts’ Epic Mix and the Disney Magic Band.
SAM Magazine—Snowbasin, Utah, April 20, 2018—Snowbasin Resort appointed Davy Ratchford as its new GM effective May 2018. Ratchford will succeed retiring GM John Loomis.
SAM Magazine—Denver, April 19, 2018—Significant snowfall in many regions continued through March and raised March occupancy 0.5 percent compared to year-ago levels. That cut the decline for the 2017-18 winter season from 2.6 percent to 1.3 percent, according to Inntopia in its monthly DestiMetrics Market Briefing.
The word innovation connotes creative, forward-moving success. But as a principal theme of the Forum portion of the 2018 Mountain Travel Symposium, April 11-12 in South Lake Tahoe, there was a reminder that innovation is best used remembering the lessons of yesteryear, and that nothing comes easy.
SAM Magazine—Durango, Colo., April 18, 2018—Mountain Capital Partners, which owns Purgatory and Arizona Snowbowl among other resorts, has entered into an operating agreement with Skyline Mountain Base, LLC, to manage and operate Nordic Valley Ski Resort, Utah.
SAM Magazine—Denver, April 12, 2018—“We’re listening. And we heard you loud and clear. We’ve adjusted our January dates.” That was the message from Outdoor Retailer VP and show director Marisa Nicholson in a letter to the industry, unveiling a return to late-January dates for the Outdoor Retailer Snow Show in Denver—Jan. 30–Feb. 1. The new dates are about three weeks later than the schedule announced back in February.
SAM Magazine—Boone, N.C., April 11, 2018—D. Grady Moretz Jr., one of the co-founders of Appalachian Ski Mountain in Blowing Rock, N.C., died on April 8, 2018 at the age of 88.
SAM Magazine—Wrightwood, Calif., April 5, 2018—The Powder Alliance has added Sugar Bowl Resort, Calif., Loveland Ski Area, Colo., Castle Mountain Resort, Alberta, Canada, and Ski Marmot Basin, Alberta, to its list of participating resorts for the 2018-2019 winter season.
SAM Magazine—Woodbury, Conn., April 4, 2018—SAM Magazine is bestowing its 2018 SAMMY Leadership Awards on a remarkable quartet: Nadia Guerriero, Tish Lopez, Ryan Lavoie, and Aaron Maddox. The four, nominated by their peers, have demonstrated the leadership skills needed to help steer the snowsports industry into the future. They will receive their awards during a ceremony at the NSAA National Convention in Marco Island, Fla., May 4.
SAM Magazine—Hillsdale, N.Y., April 3, 2018—Catamount Ski Area owners Tom Gilbert and Rich Edwards are seeking an investor, joint venture partner, or new owner/operator for the mountain. The pair has enlisted real estate brokerage firm Mirus Resort Advisors to assist in the search.
SAM Magazine—Jamesville, N.Y., April 3, 2018—The lift-maintenance training program coordinated and subsidized by Ski Areas of New York (SANY) will offer an expanded curriculum starting this, its seventh year, when the program kicks off in May. The program will include a group of advanced fixed grip and detachable lift classes, as well as condensed basic fixed grip training.
SAM Magazine—March 28, 2018—The month of March came in like a lion for ski areas across the country, a welcome shot in the arm after what was turning out to
be a challenging season from coast to coast. The first two-and-a-half weeks of the month brought a parade of storms—powerful systems off the Pacific, and complicated Nor’easters on the East Coast—that dumped several feet of snow, attracting crowds and extending the seasons for many ski areas.
SAM Magazine—Jay, Vt., March 23, 2018—Jay Peak is the only mountain resort in Vermont to be designated as a Gold-level participant in the 3>4>50 initiative, a statewide Department of Health program that helps residents understand and address the impact of chronic disease in Vermont. This designation stems from the resort’s dozen-plus wellness measures designed to enable employees to live a healthy life. Gold is the highest designation, followed by Silver- and Bronze-level participation.
SAM Magazine—Olympic Valley, Calif., March 23, 2018—The inaugural Ski California Lift Maintenance and Operations Education (LMOE) Conference will take place June 5 – 7, 2018 at Squaw Valley. This new event will include a variety of classroom sessions, hands-on training, and networking opportunities, all aimed at advancing the knowledge of ski resort lift maintenance and ops personnel.
SAM Magazine—Killington, Vt., March 22, 2018—After several years of building out its summer activities, Killington is offering a new year-round “season pass” for $99 a month. The Beast 365 Year-Round Pass provides access to all of Killington’s year-round activities, from golf, mountain biking, and the Adventure Center to the lifts at Killington and Pico.
Every year, it seems, the list of educational seminars and programs grows. Here are the events on the calendar this spring, including the newest, the Ski California Lift Maintenance and Operations Education Conference, June 5-7:
SAM Magazine—District of Columbia, March 21, 2018—Resort partners in the 10th annual Learn to Ski and Snowboard (Month)/Bring a Friend initiative provided nearly 90,000 beginner lessons during January. Since its inception in 2009, participating resorts in the program have taught roughly 960,000 beginner lessons.
SAM Magazine—Lakewood, Colo., March 21, 2018—NSAA is encouraging resorts on public land to help line up co-sponsors for the Ski Area Fee Retention Act of 2018, which was introduced in the U.S. House of Representatives and the Senate earlier this month. According to the NSAA “Capital Watch,” the bill would earmark a major portion of USFS permit fees, roughly $22 million to $24 million of the roughly $37 million resorts on public lands pay in permit fees, for improving ski area permit administration, processing of ski area proposals, and addressing any backlogs in permit administration or processing. The fees can also be used for interpretation, visitor services and support of USFS Avalanche Information/Education.
SAM Magazine—Wilmington, Vt., March 20, 2018—The members-only Hermitage Club, which until yesterday operated a ski area on Haystack Mountain in southern Vermont, was closed by the Vermont Department of Taxes on Monday for failure to pay a “progress payment” on taxes it owes to the state. Last Thursday the state took the same action, but the club made a payment of $112,000 for unpaid meals, rooms, and sales taxes in time for it to be allowed to open for the weekend.
Welcome to the March edition of Snow People, where we highlight happenings to prominent ski industry and supplier personnel.
SAM Magazine–Denver, March 16, 2018–The snowfall throughout the month of February boosted lodging numbers for resorts throughout the West. However, it was not enough to deliver a year-over-year increase in occupancy compared to the 2016-2017 season according to Inntopia’s monthly DestiMetrics Market Briefing.
SAM Magazine—Park City, Utah, March 15, 2018—Snow Park Technologies (SPT) founders Chris and Genevieve Gunnarson are joining the leadership at POWDR—Chris as the senior vice president of youth development, and Genevieve as vice president of Woodward brand and marketing. Both will focus on the evolution and integration of the company’s Woodward brand and experiences.
SAM Magazine—Broomfield, Colo., March 14, 2018—Vail Resorts launched sales for its 2018-19 Epic Pass products last week, but that didn’t stop it from entering a “long-term alliance” this week with Triple Peaks, LLC, adding the portfolio of Okemo, Vt., Mount Sunapee, N.H., and Crested Butte Mountain Resort, Colo., to next season’s Epic Pass.
SAM Magazine—Boyne Falls, Mich., March 13, 2018—Boyne Resorts has entered an agreement to acquire six mountain resorts and a scenic chairlift attraction that the company currently leases from Ski Resort Holdings, LLC, an affiliate of Och-Ziff (Oz) Real Estate.
SAM Magazine—Denver, Colo., March 12, 2018—Alterra Mountain Company will invest $555 million across its portfolio of 12 mountain resorts over the next five years, including $130 million for the 2018-19 winter season.
SAM Magazine—Aspen, Colo., March 9, 2018—SAM's ninth annual Summer Ops Camp will be held at Aspen Snowmass, Sept. 4-6, 2018. The hands-on educational, networking, and 
demo event gathers mountain resort managers and operators from around North America and overseas to explore opportunities in four-season attractions and revenue growth. The format ensures a constant stream of insights from experts, manufacturers, colleagues, and personal experience.
SAM Magazine—Big Sky, Mont., March 8, 2018—Big Sky Resort plans to install North America’s first eight-passenger chairlift ahead of the 2018-19 winter season. The “Ramcharger 8” will be a deluxe Doppelmayr D-line high-speed lift, featuring heated seats and blue bubbles. The new lift will replace the existing Ramcharger high-speed quad.
SAM Magazine—Broomfield, Colo., March 6, 2018—Yesterday, Vail Resorts unveiled a partnership with Resorts of the Canadian Rockies (RCR) to include seven total days at RCR properties—Fernie, Kicking Horse, and Kimberly in B.C., Nakiska in Alberta, and Mont Sainte Anne and Stoneham in Quebec—on the Epic Pass. The pass went on sale today for the 2018-19 season, with the top tier priced at $899—the same price as Alterra Mountain Company’s Ikon Pass.
