Crystal Investment Property, LLC, (CIP) a member of Hotel Brokers International, announced the successful sale of the Ashley Inn & Suites in Lincoln City, Oregon. CIP, a licensed Oregon brokerage, represented the Seller 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.
Ashley Inn & Suites in Lincoln City is an outstanding independent boutique hotel located just off the Highway 101. This 75 key property features extensive updates to both rooms and amenities, spa suites, meeting space and saltwater pool and spa. Ashley Inn is ideally situated on the Oregon Coast with proximity to restaurants, activities, festivals and major metropolitan areas. The hotel features a varied guestroom mix, year-round demand drivers, and excellent highway access and visibility.
Joseph Kennedy, President of CIP said, We are pleased that an experienced and well-regarded Buyer will be stepping into the management and operation of this strong and vibrant property. We wish the Seller the best as he undertakes new ventures and know the Buyer will enjoy tremendous success for many years to come.
About Crystal Investment Property, LLC
Crystal Investment Property, a premiere 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 firms 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 organizations 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 Investors 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 HBIs 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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