Crystal Investment Property, LLC, (“CIP”) a member of Hotel Brokers International, announced the successful sale of the Camas Hotel in Camas, Washington. CIP, a licensed Washington brokerage, represented the Buyer in the sale. Joseph P. Kennedy, President of CIP, worked closely with the Seller and Buyer, as well as the parties’ other professionals, to negotiate a mutually acceptable sale. The final sale price is confidential.
Camas Hotel is a historic boutique hotel located in the heart of historic downtown Camas. This 24 key select service hotel was built in 1911 and renovated in 2014 and features both European and Ensuite rooms and luxury amenities. The property includes a light-filled atrium for events for intimate gatherings of up to 25 people. Conveniently located 15 minutes north of the Portland Airport, between downtown Portland, and the scenic Columbia Gorge. This property offers proximity to Camas' many restaurants, spas, shops, and outdoor activities, as well as hiking, biking, bicycling, snowshoeing, boating in the Columbia River or at nearby Lacamas Lake, fishing, golfing and more.
Joseph Kennedy, President of CIP said, “Our Buyer was in a 1031 Exchange with narrowly targeted purchasing criteria. We were pleased to be able to identify the perfect property and negotiate an off-market sale with the Seller to make this happen. We look forward to the Buyer continuing with and building upon, the exceptional job the Seller has done in their tenure as owner.”
About Crystal Investment Property, LLC
Crystal Investment Property, a premier hospitality investment advisory and brokerage company located in the Pacific Northwest, maintains the most cutting-edge technological, online and social media presence as well as a full range of traditional and web-based marketing reaching local, regional, national and international clientele. The firm’s core services of hospitality asset acquisition/disposition are supported by innovative and creative solutions to maintain position as the most active and successful hotel broker in the region. Crystal Investment Property represents the full spectrum of hospitality real estate owners and their experience covers all hospitality assets types, including full service hotels, boutique hotels, select service hotels, limited service hotels, as well as development projects, and leasehold transactions. Crystal Investment Property may be accessed online at www.crystalip.com.
About Hotel Brokers International
Founded in 1959, Hotel Brokers International members lead the industry in hotel real estate sales. HBI hotel brokerage specialists have successfully negotiated more than 10,000 hotel real estate transactions and consistently account for the largest share of all select-service and economy hotel sales in the United States. The organization’s database currently comprises more than 100 property listings and the HBI website attracts site visitors from around the world. Founder and host of the popular Hotel Investor’s Marketplace Webcast, HBI also developed the Certified Hotel Broker professional designation program. In addition to hospitality real estate advisory services, HBI offers affiliate membership to professionals in allied fields, including franchising, lending, appraisals and investment services. For more information about HBI’s hotel listings or to become a broker or affiliate member, visit www.hbihotels.com.
For more information contact:
Joseph P. Kennedy, President
Crystal Investment Property, LLC
Glenda J. Webb, Managing Director
Hotel Brokers International
Kansas City, Missouri
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