For immediate release
[Pullman, Washington – 2/15/2021]
Crystal Investment Property, LLC, (“CIP”) a member of Hotel Brokers International, announced the successful sale of The State Inn in Pullman, 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 Seller and Buyer, as well as the parties’ other professionals, to negotiate a mutually acceptable sale. The final sale price is confidential.
The State Inn is a recently updated, independent hotel featuring 31 exterior corridor rooms in the heart of the thriving college town of Pullman, Washington. Property was built in 1972 and thoroughly renovated in 2017. The hotel is centrally located on Main Street, featuring excellent walkability to nearby shops, restaurants, galleries, and events. With excellent proximity to Washington State University (WSU), The State Inn is convenient for business and leisure travelers visiting the University.
Joseph Kennedy, President of CIP said, “The State Inn attracted a high degree of interest from Buyers from day one, and I am proud that we were able to bring multiple offers for the Seller. My team and I closely managed the process to ensure the success of this sale in a year of uncertainty. We are pleased to have been able to achieve this for the Seller and we look forward to their future successes.”
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
Becoming a member of Hotel Brokers International will provide opportunities to further your brokerage career.Learn More
Hotel Brokers International’s affiliate program positions hospitality service providers in the center of the largest, most comprehensive brokerage network in the industry.Learn More
The industry’s only certification in hotel brokerage, designed to distinguish those who have advanced their professionalism and competence in hotel brokerage.Learn More