The purchase adds 70 vacation homes to Moving Mountains’ 120 property-strong portfolio, which includes homes and residences in Steamboat Springs, Vail and Beaver Creek.
All Paragon staff members will be retained by Moving Mountains, although its co-founders, Johna Rice and Krista Rider, are exiting the company.
Robin Craigen, president and CEO of Moving Mountains, told VRM Intel: “Our guests constantly ask where else they can stay with us, and with this expansion further into Colorado we can help meet their needs. We have known Johna and Krista for over seven years and have long identified with the similarities in our approach to service and experience.
“They have a special team and spectacular homes—the perfect opportunity for smart growth different to what is happening elsewhere in the industry.
“The relationship with Johna and Krista makes this a natural fit. We had not approached any other business in Breckenridge because this was always our number one choice to grow into this market.
“After our success with expanding to Vail and Beaver Creek, adding another premier resort like Breckenridge just made sense,” he added.
Rice told the same publication: “Krista and I are thrilled to be passing the torch to such a well-respected leader in our industry. We have developed a great friendship with Robin and Heather over the past seven years, and we have the utmost confidence that they continue to deliver the highest standard of excellence which Paragon is so well known for.
“We have no doubt that our staff, homeowners, guests, and business partners will thrive under this new ownership,” she added.
From now on, Paragon’s inventory will be listed on the Moving Mountains website but it will continue operating locally as Paragon Lodging by Moving Mountains.