jimmywilson69
Well-known member
they could at least throw you a few days
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Jay Peak bombshell
- Thread starter VTKilarney
- Start date
Newpylong
Well-known member
They will.
The “real” new owners.
Spoiler alert: it’s the guys themselves at Pacific Group apparently.
www.kpcw.org
Spoiler alert: it’s the guys themselves at Pacific Group apparently.
Park City resort group acquires Jay Peak Resort for $76 million
Park City-based Pacific Group Resorts made the highest bid to buy the northern Vermont ski resort Jay Peak this week.
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Abubob
Well-known member
Right! Cause who from around here would drive over TWO HOURS just to ski?
Here being central NH.
Here being central NH.
joshua segal
Well-known member
If I remember right, the first year Vail took over Peak, our passes were only good at other areas that were acquired when Vail acquired Peak. Mergers, whether airlines, phone companies or ski areas, are a crap shoot for the customers. While I agree with abubob, history is not on his side.Yeah, but, throw us Ragged loyals a bone! No reciprocal passes? Please. Please. Please. Please.
Newpylong
Well-known member
The “real” new owners.
Spoiler alert: it’s the guys themselves at Pacific Group apparently.
Park City resort group acquires Jay Peak Resort for $76 million
Park City-based Pacific Group Resorts made the highest bid to buy the northern Vermont ski resort Jay Peak this week.
Nice find.
As I've mentioned before in how they manage Ragged, PG knows who they are, who they aren't, and they don't pretend to be something they're not. They've been good stewards I would be confident the Jay Peak that people love isn't going anywhere.
mbedle
Well-known member
Isn't that typically how this is done in the ski industry. It seems like these operators all purchase these resort under a new company name / subsidiary that falls under the umbrella corporation. For example, Vail Resorts, Inc. owns Stowe Mountain Resort under a subsidiary called VR US Holdings II LLC. Okemo is the same thing, with it being owned by Okemo LLC.The “real” new owners.
Spoiler alert: it’s the guys themselves at Pacific Group apparently.
Park City resort group acquires Jay Peak Resort for $76 million
Park City-based Pacific Group Resorts made the highest bid to buy the northern Vermont ski resort Jay Peak this week.
My point was more along the lines of where these guys are getting their money. I was not sure if they had some investors behind them. Apparently that is not the case. Unless their backers truly are “silent” investors not to be disclosed to the press.
mbedle
Well-known member
That make sense. I thought you were going down the line of how Aspen's owners are involved with Alterra.
Abubob
Well-known member
MidnightJester
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Jay peak president speaks about the Jay peak sale and the future direction the mountain would like to go
unofficialnetworks.com
Jay Peak's President Discusses The Future Of The Mountain
Jay Peak Resort in Vermont has been one of the hottest ski industry topics over the past couple of months. Following the approved $76 million sale of Jay
unofficialnetworks.com
mbedle
Well-known member
Number one redeemed resort on the Indy Pass since Jay Peak signed on with them. Never would have guessed that.
Newpylong
Well-known member
Nice little interview and the reporter was knowledgeable.
I had no idea Jay has so much ancillary infrastructure (hotels, restaurants, ice rink, etc). I literally haven't been there since 1995. The price tag makes a little more sense to me now.
I had no idea Jay has so much ancillary infrastructure (hotels, restaurants, ice rink, etc). I literally haven't been there since 1995. The price tag makes a little more sense to me now.
Yes. They have A LOT of amenities.
BodeMiller1
Well-known member
Jay Peak has the Montreal and Quebec markets within driving distance. This and only this is what allows them to build out the amenities like rock stars...
Abubob
Well-known member
That may be true. But wasn't it EB-5 money that built the hotels and water park in the first place?
KustyTheKlown
Well-known member
yes, its proximity to montreal, not the massive fraud. you figured it out.
You completely skipped over that little EB-5 thing......
Abubob
Well-known member
Exactly. We will see. It was held up by fraud between 2008 and 2016 and then the Feds between 2016 and 2022.
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