For immediate release
[Pacific City, Oregon – 3/7/2022]
Crystal Investment Property, LLC (“CIP”), a member of Hotel Brokers International, announced the successful sale of the Surf & Sand Inn in Pacific City, Oregon. CIP, a licensed Oregon brokerage, represented the Seller in the sale. Joseph P. Kennedy, President of CIP, and the CIP Team worked closely with the Buyer and Seller, as well as the parties’ other professionals, to negotiate a mutually acceptable sale. The final sale price is confidential.
The Surf & Sand Inn is the quintessential 15 key boutique beach motel. Initially built in 1930, it was recently updated to attract family and leisure visitors in the popular Oregon Coast town of Pacific City. Property features a mix of stylish, beachy Queen Single, Queen Double, and Kitchenette rooms. Ideally situated just 2 blocks from the Pacific Ocean and a mile from Cape Kiwanda, Haystack Rock, and tourist attractions, the Surf & Sand Inn is centrally located near shopping, dining, galleries, the Pacific City airport, and the Nestucca River.
Joseph P. Kennedy, President of CIP said, “This terrific beach town motel is perfectly positioned for the drive-to guest market, drawing from several major metro areas. The new owner loves Pacific City and has a remarkable vision which will be supported by the strong staffing that remains in place. We wish the Sellers much success in their future endeavors and know the new Owner is poised to take this property to the next level.”
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 asset 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 crystalip.com.
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. 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.
Crystal Investment Property, LLC
Hotel Brokers International
Kansas City, Missouri
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