For immediate release
[Kooskia, Idaho – October 2, 2023]
Representing the Buyer and Seller of this Full-Service Idaho Resort with Diverse Revenue Streams
Crystal Investment Property, LLC (“CIP”), a member of Hotel Brokers International, announced the successful sale of the Three Rivers Resort in Kooskia, Idaho. CIP, a licensed Idaho brokerage, represented the Buyer and 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.
Three Rivers Resort is a full-service, 53-key economy property in North Central Idaho at the convergence of the Selway, Lochsa, and Middlefork Clearwater Rivers. This seasonally operated resort is strategically located on owned riverfront land, offering diverse accommodation styles. The property encompasses an array of features, including RV and Lodge units, a restaurant, and a convenience store/gift shop. The property also boasts excellent wedding and event space as a destination resort area. Recent capital improvements have significantly enhanced the conveniences and comfort the property extends to its guests.
Joseph P. Kennedy, President of CIP, said, “This transaction showcases the unique value and potential that Three Rivers Resort offers. We were pleased to work with the parties to execute an extremely tight timeframe and complicated closing. We had strong interest and are looking forward to seeing the improvements planned for the property in the future.”
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.
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.
Crystal Investment Property, LLC
Hotel Brokers International
Kansas City, Missouri
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