Winter Park condo management companies merge
May 3, 2016
On April 15 two local, longtime vacation-rental and homeowner association management firms combined forces. Teverbaugh-Heaton Management Company (THMC) of Winter Park, operating under the trade names Destinations West and Beaver Village Condominiums, has been sold to Condominium Management Company, also of Winter Park. CMC has been a local leader in homeowner association management since 1973 with over 30 HOAs currently under management.
"We are excited to merge these two companies together," said Robert Blay, co-owner and president of CMC and Vacations Inc. "Kristy [Kristine Meyer] has built a very impressive business, and together we will provide better service to all of our homeowner clients. The primary motivation for this merger is to consolidate the vacation rental marketing efforts of the two organizations to better generate direct bookings. The newly combined entity will manage over 200 rental properties. We will also achieve some economies of scale from operations, but we do not anticipate any reduction in current staffing levels. Our goal is to bring new guests to Grand County and improve the return for our property owners."
"This sale is a perfect opportunity for me to pursue some of my other ambitions while continuing to contribute to the success of the business," said Meyer, who has been the owner and general manager of THMC since 1999 and an active member of the Winter Park business community for over three decades.
"The similar business perspectives Kristy and I share start with a sense of community," said Blay. "We both work on the Winter Park and Fraser Chamber of Commerce Sales and Marketing Council as well as the Grand County Colorado Tourism Board. We also share a desire to mentor and improve the lives of our
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Meyer, originally from Atlanta, was introduced to the valley because her family owned a home here. While she was at the University of Georgia earning a degree in Business Management, she spent her winter school breaks in Winter Park cleaning condos for the company that she would one day sell her business to CMC. After graduating and taking a corporate job in Atlanta, she visited the Fraser Valley in the summer and she was blown away.
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"I couldn't believe there was a place that wasn't steamy hot in the summertime," she said. "I went back and quit my job. When I first moved to Winter Park, I figured I would be here for about five years and then travel around and figure out where I wanted to live."
The Transition to CMC
Meyer will continue to work with CMC for an undetermined amount of time to ensure that the transfer of ownership is a seamless and positive experience for THMC condominium owners as well as for both companies' staff. "I am handing my business off to a very capable leader and an exceptional group of employees. I've spent a long time building up strong relationships with our staff, guests, and owners, and I feel comfortable that this company will take good care of them."
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