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Jay Peak has sold! And not to Vail!

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CatdickBojangles
Posts: 6228 - Karma: 63,296
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.
Sep 8 2022 4:20PM
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dwt802
Posts: 3275 - Karma: 32,298
So so happy it didn’t go to vail or alterra
Sep 8 2022 5:21PM
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PsychicMigration
Posts: 2099 - Karma: 10,541
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.
Sep 8 2022 10:13PM
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soup
Posts: 6347 - Karma: 4,462
Anyone know if vail was one of the three bidders? Haven't seen if they released the companies
Sep 9 2022 10:28AM
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mikemac
Posts: 1297 - Karma: 3,710
Who was the buyer?
Sep 9 2022 1:50PM
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PsychicMigration
Posts: 2099 - Karma: 10,541
mikemacWho was the buyer?


it says in the article
Sep 9 2022 1:53PM
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tdollo
Posts: 3830 - Karma: 19,200
mikemacWho was the buyer?

"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
Sep 9 2022 1:57PM
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mikemac
Posts: 1297 - Karma: 3,710
DummyBearsit says in the article


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?
Sep 9 2022 1:57PM
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tdollo
Posts: 3830 - Karma: 19,200
mikemacDidn’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?

https://pgri.us/resorts.php
Sep 9 2022 2:21PM
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skierman
Posts: 8421 - Karma: 8,015
Ragged is fucking sick.
Sep 9 2022 4:55PM
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tdollo
Posts: 3830 - Karma: 19,200
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.
Sep 9 2022 5:43PM
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johnoble
Posts: 272 - Karma: 2,627
tdolloWhen 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.



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?
Sep 10 2022 8:44AM
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Notaskibum
Posts: 849 - Karma: 4,007
Y'all excited until vail buys this who group
Sep 10 2022 11:05AM
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tdollo
Posts: 3830 - Karma: 19,200
johnobleThey 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?


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
Sep 10 2022 2:16PM
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cyphers
Posts: 1713 - Karma: 19,246
soupAnyone know if vail was one of the three bidders? Haven't seen if they released the companies


i don't think they're going to release them
Sep 10 2022 3:42PM
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HypeBeast
Posts: 9830 - Karma: 73,183
dwt802So so happy it didn’t go to vail or alterra


You realize this company is just a smaller version of those two...
Sep 11 2022 12:20PM
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dwt802
Posts: 3275 - Karma: 32,298
yugonaYou realize this company is just a smaller version of those two...


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.
Sep 11 2022 1:38PM
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Pachankz
Posts: 729 - Karma: 838
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 ?
Sep 11 2022 3:30PM
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rymeisterbaby
Posts: 122 - Karma: -577
CatdickBojangleshttps://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.


why this thread. why post a smaller resort on ns nobody goes too. waist of time.
Sep 11 2022 6:09PM
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BigPurpleSkiSuit
Posts: 9448 - Karma: 69,357
I am drunk and I appreciate this
Sep 11 2022 6:35PM
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BigPurpleSkiSuit
Posts: 9448 - Karma: 69,357
I am drunk and I appreciate this
Sep 11 2022 8:35PM
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PsychicMigration
Posts: 2099 - Karma: 10,541
mikemacDidn’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?


Again its in the article. But Ragged and some others
Sep 12 2022 10:57PM
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