Hotel Brokers International

For immediate release
[Mt. Pleasant, Michigan]

Alpine Realty Capital Closes Sale of Comfort Inn and Suites in Mt. Pleasant, Michigan

Alpine Realty Capital, LLC, a member of Hotel Brokers International, is pleased to announce that it has completed the sale of the Comfort Inn and Suites and Conference Center in Mt. Pleasant, Michigan. This 137-unit property with adjacent ±10,000 square foot conference center benefits from its location adjacent to the main campus of Central Michigan University. Situated on more than 10 acres of land leased from CMU, the hotel enjoys a beautiful campus-like setting with amenities unrivaled in this part of the State, which Alpine utilized to achieve maximum pricing in a very difficult transaction environment.

Alpine was engaged by the seller of this asset to pursue a targeted marketing process in order to maintain maximum confidentiality. We were able to identify a small number of highly qualified buyers, received numerous offers, and negotiated a deal that worked for both buyer and seller in order to close in a timely manner and at the contracted price. As always, Alpine managed the due diligence process on behalf of the seller and assisted throughout the process up to and including the closing, assuring that the seller had the professional advisory services it needed.

Alpine works daily with groups looking for opportunities to provide capital investment or other means to provide equity returns. In an environment in which the supply of lodging properties for sale is scarce and development costs continue to rise, Alpine is seeing ever-increasing interest in acquisitions from various groups, including owner-operators who are seeking to participate in the industry’s strong returns. The ability to acquire a hotel asset and provide a capital infusion while remaining well below replacement cost is driving these transactions.

About Alpine Realty Capital

Based in Ann Arbor, Michigan, Alpine Realty Capital is a mortgage banking and real estate brokerage firm specializing in hotel asset investment, valuation, financing, marketing, and transaction. Edward P. Walsh, CHB, serves as President and Principal Broker of Alpine Realty Capital. Mr. Walsh is a dedicated lodging industry professional whose career spans more than 30 years in the lodging industry. He has held numerous positions in consulting, valuation, and for the most recent years as a hospitality real estate and mortgage broker, founding Alpine Realty Capital in 2007. His expertise includes providing services regarding all phases of investment, from site selection and acquisition to feasibility analysis and appraisal, and from mortgage financing to construction cost analysis and divestment. In all, Mr. Walsh has provided real estate consulting and/or transaction services for more than $1 billion worth of hospitality real estate assets.

About Hotel Brokers International

Founded in 1959, Hotel Brokers International is the industry’s oldest network of hospitality broker professionals. HBI hotel brokerage specialists have successfully negotiated more than 11,000 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 website features a large inventory of hotel assets listed for sale and attracts site visitors from around the world. HBI is the founder and administrator of the Certified Hotel Broker program – the industry’s only professional designation for Hotel Brokers. 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 hbihotels.com.

Contact:

Edward P. Walsh, CHB, President

Alpine Realty Capital
Ann Arbor, Michigan
734.372.7130
ewalsh@alpinerealtycapital.com

Glenda J. Webb, Executive Director

Hotel Brokers International
Kansas City, Missouri
816.505.4315
gwebb@hbihotels.com

For immediate release
[Iowa – April 26, 2023]  

Leisure Real Estate Advisors Structures Sale of Two Hotels in Iowa

Leisure Real Estate Advisors, LLC has successfully negotiated the sale of the Super 8 Urbandale and the Microtel Inn & Suites Colfax, both located in Iowa.

In the sale of the Super 8 Urbandale, the 60-room Hotel is located at 5900 Sutton Place in Urbandale, Iowa. Urbandale is in the northwest part of the Des Moines Metro Area at the intersections of Interstates 35 and 80 and is within easy access to downtown Des Moines. Listed at $1,600,000, the Super 8 Urbandale was purchased by Urbandale Extended Stay, LLC. Dave Jones, Principal, Leisure Real Estate Advisors, represented the Seller, Jai Ashapuri Ma, LLC, in the transaction.  The local buyer will renovate the hotel and operate it as an independent extended stay property, his second location in the greater Des Moines area.

In the sale of the Microtel Inn & Suites, the 39-room Hotel is located at 11000 Federal Avenue in Colfax, Iowa. Colfax is situated along I-80 just 30 minutes east of Des Moines. The extended stay Hotel was built in 2007 by the Seller, Shekar Properties, LLC, and was listed for $1,100,000. Dave Jones, Principal, Leisure Real Estate Advisors, represented the Seller in the marketing and sale of the hotel. The Buyer was Colfax Lodging, LLC, a regional owner.

Dave Jones is a licensed broker in Iowa as well as Kansas and Missouri, and is a Partner of Leisure Real Estate Advisors, LLC. Leisure Real Estate Advisors, LLC is based in metro Kansas City and has a specialty concentration in the marketing and sale of hotels and provides exclusive representation to owners of hotel real estate. With over 75 years of collective hospitality experience and over $1.2 billion in sales, the company has become one of the premier hotel brokerage firms in the country and has been recognized by Hotel Business and Hotel Management magazines for its performance. It has also received numerous Power Broker designations from CoStar and Platinum status from Crexi for several years including in 2022.  It has offices in metro Kansas City, and affiliated brokers in Topeka, KS, Columbia, MO and a third-party affiliation in Lincoln, NE. Leisure Real Estate Advisors is also a proud member of Hotel Brokers International (HBI), an international marketing and membership platform of hospitality specialists. Leisure Real Estate Advisors can be found online at www.leisurerealestate.com.

Founded in 1959, Hotel Brokers International is the industry’s oldest network of hospitality broker professionals. HBI Brokers lead the industry in hotel real estate sales and have successfully negotiated more than 11,000 hotel real estate transactions. The organization’s website features a large inventory of hotel property listings and attracts site visitors from around the world. HBI is the founder and administrator of the Certified Hotel Broker Program, the real estate industry’s only professional designation program for hotel brokers. 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:

Dave Jones

Leisure Real Estate Advisors, LLC
913.499.4725
djones@leisurerealestate.com

Glenda J. Webb, Executive Director

Hotel Brokers International
816.505.4315
gwebb@hbihotels.com

Hotel Brokers International Celebrates Hotel Sales Successes of 2022

Ford C. Barton Named Hotel Broker of the Year

Hotel Brokers International, the nation’s leading hotel brokerage network, celebrated the successes of the past year during the organization’s 64^th Annual Meeting held in Las Vegas, February 22-23. Edward P. Walsh, HBI President, presented the following hotel real estate sales achievement awards:

Ford C. Barton, Principal of Lodging Partners, LLC located in Charlotte, North Carolina, received HBI’s highest honor – Broker of the Year.  Barton received this recognition of excellence in hotel real estate brokerage based on outstanding sales volume and participation in the industry. Barton was also recognized for structuring the Single Asset Sale of the Year and his brokerage firm, Lodging Partners, was recognized for producing the firm’s collective best in dollar volume of hospitality transactions. Barton is a 35-year hotel industry veteran and has acted in hundreds of hotel transactions, with an aggregate value exceeding $2.1 billion.

Awards were given to the Top Brokers by U.S. Region in 2022.  Errol A. D’Souza, CHB, President of Laurel Real Estate Company – a specialized hotel brokerage firm located in the Columbus, Ohio area – was named Top Broker of the U.S. Central Region. Mr. D’Souza’s brokerage firm, Laurel Real Estate Company, was recognized for producing the firm’s collective best in both dollar volume and number of hospitality transactions.

Joseph P. Kennedy, CHB, President of Crystal Investment Property, LLC of Vancouver, Washington, was awarded Top Broker in the U.S. Mountain/Pacific Region.

Alex M. Salens, Senior Sales Associate, Alpine Realty Capital, LLC of Ann Arbor, Michigan, was awarded New Associate of the Year in recognition of his stellar first year in hotel real estate sales.

Four HBI Brokers were also announced as winners of Crexi’s Platinum Broker Awards, recognizing the highest performing brokers on the Crexi platform. Those HBI Brokers recognized in the Sales category include Errol A. D’Souza, Laurel Real Estate Company; Dan Emert, Prime Investment Properties, LLC; Brent Jaynes, Leisure Real Estate Advisors, LLC; and Joseph P. Kennedy, Crystal Investment Property, LLC.

Founded in 1959, Hotel Brokers International is the industry’s oldest network of hospitality broker professionals. HBI Brokers lead the industry in hotel real estate sales and have successfully negotiated more than 11,000 hotel real estate transactions. The organization’s website features a large inventory of hotel property listings and attracts site visitors from around the world. HBI is the founder and administrator of the Certified Hotel Broker Program, the real estate industry’s only professional designation program for hotel brokers. 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 immediate release
[Moses Lake, Washington – 3/27/2023]

Crystal Investment Property Brokers the Sale of SureStay Plus Hotel by Best Western Moses Lake

Representing the Seller of this Highly-Sought-After Washington Franchise with Gas Station

Crystal Investment Property, LLC (“CIP”), a member of Hotel Brokers International, announced the successful sale of the SureStay Plus Moses Lake in Moses Lake, Washington. CIP, a licensed Washington brokerage, represented the Seller in the sale. Joseph P. Kennedy, President of CIP, and the CIP Team worked closely with the Buyer and Seller and the parties’ other professionals to negotiate a mutually acceptable sale. The final sale price is confidential.

The SureStay Plus Hotel by Best Western Moses Lake is a 100 key, select-service, franchised, midscale hotel. The property features a large lobby and front desk area, breakfast area, business center, guest laundry, fitness center, and indoor pool. Updated in 2019, the hotel also features meeting/event rooms and business amenities, making the property attractive to business and leisure travelers.

Joseph P. Kennedy, President of CIP, said, “Our team is thrilled to announce the successful sale of the SureStay Plus Hotel by Best Western in Moses Lake, WA. Through effective marketing strategies and utilizing our strong negotiation skills, we were able to secure a favorable deal for both the Buyer and Seller. We are proud to have played a key role in facilitating this successful transaction.”

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 hospitality asset acquisition/disposition services are supported by innovative and creative solutions to maintain its position as the region’s most active and successful hotel broker. Crystal Investment Property represents the full spectrum of hospitality real estate owners. Their experience covers all hospitality asset types, including full-service hotels, boutique hotels, select-service hotels, limited-service hotels, development projects, and leasehold transactions. Visit Crystal Investment Property online at crystalip.com.

About Hotel Brokers International

Founded in 1959, Hotel Brokers International is the industry’s oldest network of hospitality broker professionals. HBI hotel brokerage specialists have successfully negotiated more than 11,000 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 website features a large inventory of hotel assets listed for sale and attracts site visitors from around the world. HBI is the founder and administrator of the Certified Hotel Broker program – the industry’s only professional designation for Hotel Brokers. 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 hbihotels.com.

Contact:

Teri G. Beck, Marketing Director

Crystal Investment Property, LLC
Portland, Oregon
503.530.1316

marketing@crystalip.com

Glenda J. Webb, Executive Director

Hotel Brokers International
Kansas City, Missouri
816.505.4315
gwebb@hbihotels.com

For immediate release
[Fairbanks, Alaska – 3/22/2023]

Crystal Investment Property Arranges the Sale of Clarion Hotel & Suites Fairbanks

Representing the Seller of this Hotel with Restaurant in the Heart of Alaska
Crystal Investment Property, LLC (“CIP”), a member of Hotel Brokers International, announced the successful sale of the Clarion Hotel & Suites Fairbanks in Fairbanks, Alaska. CIP, a licensed Washington brokerage, represented the Seller in the sale in cooperation with Suzanne Jasso, a licensed Alaska broker. Joseph P. Kennedy, President of CIP, and the CIP Team worked closely with the Buyer and Seller and the parties’ other professionals to negotiate a mutually acceptable sale. The final sale price is confidential.

Clarion Hotel & Suites Fairbanks is a 128-key, full-service, franchised, upper-midscale hotel. Located in Fairbanks, Alaska, this property features excellent cash flow and strong financials. Guest amenities include guest laundry, a fitness center, and an on-site remodeled restaurant with a bar/lounge area. The hotel also has a meeting/event space, a business center, as well an airport shuttle for the entire hotel.

Joseph P. Kennedy, President of CIP, said, “It proved to be an excellent fit when the owner of Clarion Hotel & Suites in Fairbanks, Alaska, contacted us to list their property. Guided by strong connections with buyers, we identified this outstanding property to a repeat client who was looking to expand their portfolio. We procured multiple competing offers for the owner to consider and select from.”

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 hospitality asset acquisition/disposition services are supported by innovative and creative solutions to maintain its position as the region’s most active and successful hotel broker. Crystal Investment Property represents the full spectrum of hospitality real estate owners. Their experience covers all hospitality asset types, including full-service hotels, boutique hotels, select-service hotels, limited-service hotels, development projects, and leasehold transactions. Visit Crystal Investment Property online at crystalip.com.

About Hotel Brokers International

Founded in 1959, Hotel Brokers International is the industry’s oldest network of hospitality broker professionals. HBI hotel brokerage specialists have successfully negotiated more than 11,000 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 website features a large inventory of hotel assets listed for sale and attracts site visitors from around the world. HBI is the founder and administrator of the Certified Hotel Broker program – the industry’s only professional designation for Hotel Brokers. 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 hbihotels.com.

Contact:

Teri G. Beck, Marketing Director

Crystal Investment Property, LLC
Portland, Oregon
503.530.1316
marketing@crystalip.com

Glenda J. Webb, Executive Director

Hotel Brokers International
Kansas City, Missouri
816.505.4315
gwebb@hbihotels.com

For immediate release
[Fremont, Nebraska – March 17, 2023]

Leisure Real Estate Advisors Arranges the Sale of the Holiday Inn Express, Fremont, Nebraska

Leisure Real Estate Advisors, LLC has announced the successful sale of the Holiday Inn Express located at 2415 N. Lincoln Avenue in Fremont, Nebraska. Built in 2003, the 94-key hotel was listed for $9,600,000. Fremont is situated along the Platte River, approximately 30 minutes from downtown Omaha, the largest city in Nebraska. The hotel has been a consistent and outstanding performer for a number of years and is among the highest performers in the Express brand in the IHG system.

“A high revenue producing Holiday Inn Express offering, with great net income, will always attract attention and garner the activity, and this one was no exception,” commented Brent Jaynes, Managing Partner of Leisure Real Estate Advisors, LLC. “We fielded over 50 NDAs and multiple offers in a matter of weeks from the launch of the marketing,” continued Jaynes. Mr. Jaynes and Leisure Real Estate Advisors represented the Seller, Fremont Hotels, Inc., in the marketing and sale of the hotel.

The Buyer, Oracle Holdings, LLC, an investment group with another hotel holding in the Omaha area, will continue operating the Express under a new 15-year license agreement with IHG. Noble Hospitality out of Manhattan, Kansas assumed management for Oracle.

Brent Jaynes is a licensed broker in Nebraska as well as Arkansas, Colorado, Iowa, Kansas, Missouri, Oklahoma, and South Dakota. Mr. Jaynes has over 30 years of investment real estate expertise and is the Managing Partner and one of the co-founding members of Leisure Real Estate Advisors, LLC. Leisure Real Estate Advisors, LLC is based in metro Kansas City and has a specialty concentration in the marketing and sale of hotels and provides exclusive representation to owners of hotel real estate. With over 75 years of collective hospitality experience and over $1.2 billion in sales, the company has become one of the premier hotel brokerage firms in the country and has been recognized by Hotel Business and Hotel Management magazines for its performance. It has also received numerous Power Broker designations from CoStar and Platinum status from CREXI for several years including in 2022.  It has offices in metro Kansas City, and affiliated brokers in Topeka, KS, Columbia, MO and a third-party affiliation in Lincoln, NE.  Leisure Real Estate Advisors is also a proud member of Hotel Brokers International (HBI), an international marketing and membership platform of hospitality specialists. Leisure Real Estate Advisors can be found online at www.leisurerealestate.com.

Founded in 1959, Hotel Brokers International is the industry’s oldest network of hospitality broker professionals. HBI Brokers lead the industry in hotel real estate sales and have successfully negotiated more than 11,000 hotel real estate transactions. The organization’s website features a large inventory of hotel property listings and attracts site visitors from around the world. HBI is the founder and administrator of the Certified Hotel Broker Program, the real estate industry’s only professional designation program for hotel brokers. 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:

Brent Jaynes

Leisure Real Estate Advisors, LLC
913.499.4731
bjaynes@leisurerealestate.com

Glenda J. Webb, Executive Director

Hotel Brokers International
816.505.4315
gwebb@hbihotels.com

For immediate release
[Charlotte, North Carolina – March 17, 2023]

Erin Zitelli-Davis Joins the Sales Team at Lodging Partners

Lodging Partners LLC, a member of Hotel Brokers International, announced today Erin Zitelli-Davis has joined its sales team. Ms. Zitelli-Davis has worked with hotel developers and operators for over 7 years and specializes in hotel brokerage, site selection and development. She has completed nearly $100 million in lease transactions and has closed over $50 million in land transaction sales. Erin has negotiated terms and pricing for complex land transactions ranging from $3 – $12 million in value, and she assists in multiple aspects of the development process including acquisition, zoning/entitlements, design, and permitting.

Erin’s strong relationships with hotel owners, operators, investors, lenders, master developers, architects, asset managers, and other industry professionals has been integral to her success. In addition, she has developed relationships across the major hotel brands, including Marriott, Hilton, Hyatt, IHG, Choice, and several boutique branded hotels.

About Lodging Partners, LLC

Lodging Partners is a specialized hotel brokerage and advisory firm focused on the sale of select-service hospitality investment properties on behalf of institutional and private investors throughout the United States. In the past 12 months, Lodging Partners has completed over $68 million in hotel transactions throughout the Southeast. Lodging Partners has had an advisory role in recent hotel transactions across most major hotel brands, including Marriott, IHG, Best Western, Choice Hotels, Wyndham, and Radisson Hotel Group. The firm offers a wide range of hotel real estate services with an unwavering commitment to client service. Lodging Partners may be accessed online at www.lodging-partners.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 11,000 hotel real estate transactions and consistently account for the largest share of all select-service and economy hotel sales in the United States. HBI is the founder and administrator of the Certified Hotel Broker Program, the real estate industry’s only professional designation program for hotel brokers. 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, HBI members and their hotel listings or to become a broker or affiliate member, visit www.hbihotels.com.

Contact:

Ford C. Barton, Principal

Lodging Partners, LLC
Charlotte, North Carolina
704.341.8488 | ford@lodging-partners.com

Glenda J. Webb, Executive Director

Hotel Brokers International
Kansas City, Missouri
816.505.4315 | gwebb@hbihotels.com

For immediate release
[Greenwood, South Carolina – 03/15/2023]

Lodging Partners Negotiates Sale of the Inn on the Square, Greenwood, South Carolina

Lodging Partners is pleased to announce it has arranged the sale of the Inn on the Square, a Boutique Hotel in Greenwood, South Carolina. Lodging Partners exclusively represented the seller in this transaction, with the marketing and negotiations led by Ford Barton, Principal of Lodging Partners, a member of Hotel Brokers International. The Hotel has been acquired by an affiliated entity of Edgewater Group LLC (Edgewater) based in Naples, Florida. Edgewater, a private equity group with a focus on upscale boutique hotels in secondary and tertiary locations, plans to reposition the Hotel to the Ascend Hotel Collection. This is the second hotel that Edgewater has purchased through Lodging Partners.

The full-service property traded for $4,800,000 or approximately $98,000 per room. The Boutique Hotel features a restaurant, bar, and meeting space. The Inn on the Square is conveniently located in the center of Greenwood shopping and dining district and is close to many corporate demand generators.

“Despite many complexities prior to closing this transaction, we are pleased to have received such strong interest in this asset for our client. High quality assets continue to be in strong demand throughout the Southeast, and we are grateful for our deep connections to qualified buyers that led to the successful sale of this Boutique property,” noted Ford Barton.

About Lodging Partners, LLC

Lodging Partners is a specialized hotel brokerage and advisory firm focused on the sale of select-service hospitality investment properties on behalf of institutional and private investors throughout the United States. In the past 12 months, Lodging Partners has completed over $68 million in hotel transactions throughout the Southeast. Lodging Partners has had an advisory role in recent hotel transactions across most major hotel brands, including Marriott, IHG, Best Western, Choice Hotels, Wyndham, and Radisson Hotel Group. The firm offers a wide range of hotel real estate services with an unwavering commitment to client service. Lodging Partners may be accessed online at www.lodging-partners.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 11,000 hotel real estate transactions and consistently account for the largest share of all select-service and economy hotel sales in the United States. HBI is the founder and administrator of the Certified Hotel Broker Program, the real estate industry’s only professional designation program for hotel brokers. 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, HBI members and their hotel listings or to become a broker or affiliate member, visit www.hbihotels.com.

Contact:

Ford C. Barton, Principal

Lodging Partners, LLC
Charlotte, North Carolina
704.341.8488 | ford@lodging-partners.com

Glenda J. Webb, Executive Director

Hotel Brokers International
Kansas City, Missouri
816.505.4315 | gwebb@hbihotels.com

For immediate release
[Monticello, Indiana – 01/12/2023]

Huff, Niehaus & Associates Arranges the Sale of the Best Western Plus in Monticello, Indiana

Huff, Niehaus & Associates, Inc. is pleased to announce the successful sale of the Best Western Plus Brandywine Inn & Suites in Monticello, Indiana. The Seller, Brandywine Complex, Inc., built the hotel in 2002. Located equal distances from Chicago and Indianapolis which draws on those major markets for visitors and businesses. Situated on 5.56+/- acres, the complex contains the 59-room hotel, the Brandywine Reception & Meeting Center, and the Sculptures Sports & Fitness Center. Amenities include a fitness center, tennis/pickleball courts, indoor basketball/volleyball court, ballroom and a large meeting and reception center with seating up to 400+. Brandt Niehaus, President of Huff, Niehaus & Associates, Inc., represented the Seller and assisted the Purchaser in the transaction. The property sold for $5,750,000 with an automatic transfer of the Best Western Plus brand to an investment group with other franchise hotels.

Brandt Niehaus, President of Huff, Niehaus & Associates, Inc. based in Louisville, Kentucky, is a licensed broker in Alabama, Indiana, Kentucky, Massachusetts, Ohio, and Tennessee. He earned the coveted Broker of the Year award in 2018, 2017 and 2014 and is a thirteen-time recipient of Top Regional Broker recognition. Since 1975, Huff, Niehaus & Associates has evolved into a full-service real estate firm providing many services exclusively to the hospitality industry and lenders, including brokerage services, Broker’s Opinions of Value, expert witness testimony and development consultation. Huff, Niehaus can be found online at www.huffniehaus.com.

Founded in 1959, Hotel Brokers International is the industry’s oldest network of hospitality broker professionals. HBI Brokers lead the industry in hotel real estate sales and have successfully negotiated more than 11,000 hotel real estate transactions. The organization’s website features a large inventory of hotel property listings and attracts site visitors from around the world. HBI is the founder and administrator of the Certified Hotel Broker Program, the real estate industry’s only professional designation program for hotel brokers. 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.

Contact:

Brandt Niehaus CHB, CCIM

Huff, Niehaus & Associates, Inc.
Louisville, Kentucky
502.254.7787
hotels@huffniehaus.com

Glenda J. Webb, Executive Director

Hotel Brokers International
Kansas City, Missouri
816.505.4315
gwebb@hbihotels.com

For immediate release
[Enterprise, Oregon – 1/13/2023]

Crystal Investment Property Facilitates the Sale of Eagle’s View Inn & Suites

Representing the Seller of this Independent Hilltop Hotel with Scenic Views
Crystal Investment Property, LLC (“CIP”), a member of Hotel Brokers International, has announced the highly-anticipated sale of the Eagle’s View Inn & Suites in Enterprise, Oregon. As a licensed Oregon brokerage, CIP represented the seller in the transaction, working closely with the buyer and other professionals to successfully negotiate and close the deal. The final sale price, which remains confidential, reflects the strong demand for high-quality hotel properties in the region. CIP President Joseph P. Kennedy and the CIP team are thrilled to have played a key role in this important transaction.

The Eagle’s View Inn & Suites is a 53-key, midscale, select-service, independent hotel. Eagle’s View is situated on a hilltop overlooking the Wallowa Valley and Eagle Cap Mountains. Year-round demand drivers include hiking, fishing, horseback riding, golfing, boating, river rafting, and swimming in Summer. Winter activities include skiing, snowshoeing, snowmobiling, and watching the annual sled dog races.

The hotel features a spacious lobby with a stone fireplace, breakfast area, exercise room, indoor pool, spa, sauna, and guest laundry. In addition, the property includes a flexible ~930 sq. ft. meeting room/event space that accommodates up to 58 guests. Guest room mix includes a selection of Queen and King rooms, kitchenette suites, jetted tub suites, and ADA Accessible rooms. Room amenities include a mini-fridge, microwave, coffee maker, flat-screen HDTV, and wireless internet (WiFi).

Joseph P. Kennedy, President of CIP, said, “The sale of Eagle’s View Inn & Suites marks another win for our clients. Our team was able to secure a full-price offer, reflecting the strength of the market as well as our value assessment. We were happy to facilitate a smooth transaction with the help of the Buyer’s Broker. We know the Seller will enjoy focusing on their other projects and the Buyer looks forward to a successful branding of the property.”

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 hospitality asset acquisition/disposition services are supported by innovative and creative solutions to maintain its position as the region’s most active and successful hotel broker. Crystal Investment Property represents the full spectrum of hospitality real estate owners. Their experience covers all hospitality asset types, including full-service hotels, boutique hotels, select-service hotels, limited-service hotels, development projects, and leasehold transactions. Visit Crystal Investment Property online at crystalip.com.

About Hotel Brokers International

Founded in 1959, Hotel Brokers International is the industry’s oldest network of hospitality broker professionals. HBI hotel brokerage specialists have successfully negotiated more than 11,000 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 website features a large inventory of hotel assets listed for sale and attracts site visitors from around the world. HBI is the founder and administrator of the Certified Hotel Broker program – the industry’s only professional designation for Hotel Brokers. 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 hbihotels.com.

Contact:

Teri G. Beck, Marketing Director

Crystal Investment Property, LLC
Portland, Oregon
503.530.1316
marketing@crystalip.com

Glenda J. Webb, Executive Director

Hotel Brokers International
Kansas City, Missouri
816.505.4315
gwebb@hbihotels.com