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Monday, November 28, 2022

Jay Peak returns to private ownership after six years

JAY — The Utah-based company Pacific Group Resorts, Inc. has completed its purchase of Jay Peak Resort.

The State of Vermont approved the assignment of leases for ski terrain allowing the sale to close yesterday, six and a half years after the resort entered receivership.

Jay Peak becomes the sixth ski resort in PGRI’s portfolio.

“We’re grateful for the work of Michael Goldberg and his team, the Florida district court judge, and State of Vermont officials that helped get us to the finish line today,” PGRI’s president and CEO, Vern Greco, said.

Greco says with that chapter in Jay Peak’s history behind them, they’re shifting the focus to a well-executed transition.

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PGRI expects the staff and winter operations at Jay Peak to remain largely unchanged from previous years.

All existing season passes, reciprocal pass arrangements and the Indy Pass will be honored for the 2022- 23 winter season.

Jay Peak’s policy of accepting Canadian cash at par, for Canadian guests with current proof of residency on certain products, remains in place with the re-opening of the Canadian border after two years.

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