Jay Peak has sold! And not to Vail!

What a relief. It's definitely go built up even just since my first time there in 2010 back when the old stateside lodge was around. Vail would have completely ruined a east coast gem for sure.
 
Anyone know if vail was one of the three bidders? Haven't seen if they released the companies
 
14460604:mikemac said:
Who was the buyer?
Click to expand...

"JAY, VERMONT – Michael Goldberg, the court-appointed receiver for Jay Peak Resort, announced today that Pacific Group Resorts, Inc. (PGRI) has made the highest and best final bid to buy Jay Peak following an auction with multiple bidders. The prevailing bid remains subject to approval by the United States District Court in Southern Florida during a final hearing tentatively scheduled for September 16, 2022. If approved by the court, and subject to closing which is anticipated to be this fall, Jay Peak will become the sixth ski resort in PGRI’s portfolio including properties in British Columbia, Colorado, Virginia, Maryland, and New Hampshire."

Pacific Group Resorts; they own Mount Washington BC, Wintergreen, Wisp, Powderhorn and Ragged Mountain.https://pgri.us/resorts.php
 
14460605:DummyBears said:
it says in the article
Click to expand...

Didn’t see the link…. Had a sarcastic comment ready but I’m the dumbass here so I’ll just go with thanks!

Pacific Group Resorts for 76 million… damn never heard of them but obviously they got some cheddar…. What else do they own?
 
When i used to run the ski club at my Uni, Jay Peak would hookup 1st year students with a 99$ season passes. Such a sick mountain with killer vibes and lots of Grateful Dead.
 
14460655:tdollo said:
When i used to run the ski club at my Uni, Jay Peak would hookup 1st year students with a 99$ season passes. Such a sick mountain with killer vibes and lots of Grateful Dead.
Click to expand...

They do indeed be back, 150 for froshies now, but still a wicked deal. did y'all used to get free passes for the exec team too?
 
14460737:johnoble said:
They do indeed be back, 150 for froshies now, but still a wicked deal. did y'all used to get free passes for the exec team too?
Click to expand...

Yea we'd get free passes as execs if we hit a certain threshold of passes sold. Back in 2018 i rode the lift with this hippy dude who smoked me a fatty J and claimed to have skied the past 10 years without a ticket lmao homie is above tha law
 
14460922:yugona said:
You realize this company is just a smaller version of those two...
Click to expand...

Yeah but they don’t own very many resorts at all so they can pour their attention better to each resort. Also this company has a good history of maintaining the more independent resort vibe in the past. If vail or alterra bought them traffic would significantly increase at Jay, this will not do that to the same degree, not even close.
 
76 mill is a steal, correct me if I'm wrong, but when they built all the new hotels, waterpark etc, wasn't several hundred million spent on it ?
 
topic:CatdickBojangles said:
https://unofficialnetworks.com/2022/09/08/jay-peak-sold-76-million/

Same group that owns my home mountain. Really hoping my $350 season pass gets me a few days a Jay. Thanks for not letting Vail buy it.
Click to expand...

why this thread. why post a smaller resort on ns nobody goes too. waist of time.
 
14460608:mikemac said:
Didn’t see the link…. Had a sarcastic comment ready but I’m the dumbass here so I’ll just go with thanks!

Pacific Group Resorts for 76 million… damn never heard of them but obviously they got some cheddar…. What else do they own?
Click to expand...

Again its in the article. But Ragged and some others
 
You must log in or register to reply here.
Back
Top