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

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

Erin Zitelli-Davis Joins the Sales Team at Lodging Partners

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

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

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

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

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

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

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

Lodging Partners Negotiates Sale of the Windsor Hotel in Americus, GA

For immediate release
[Americus, Georgia – December 2022]

Lodging Partners Negotiates Sale of the Windsor Hotel in Americus, GA

Lodging Partners is pleased to announce it has arranged the sale of the Windsor Hotel, a Historic Boutique Hotel in Americus, Georgia. Lodging Partners exclusively represented the seller on this transaction, with the marketing and negotiations led by Ford Barton, Principal of Lodging Partners. The Hotel has been acquired by an affiliated entity of Edgewater Group LLC (Edgewater) based in Naples, FL. 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.

The property traded for $12,500,000, over $235,000 per room. The full-service Boutique Hotel features a restaurant, bar, meeting space, and leased commercial space. Originally built in 1892, the award-winning Windsor Hotel is a beautifully restored historic destination hotel. The Hotel’s public areas and guest rooms were recently renovated in 2020.

“This is the second disposition that Lodging Partners has completed for the Seller, and our deep connections to qualified buyers throughout the Southeast proved vital in the successful sale of this Boutique full-service property,” noted Ford Barton.

In the past 12 months, Lodging Partners has completed over $68 million in hotel transactions throughout the Southeast. Lodging Partners continues to see strong interest from Buyers seeking hospitality investments in all sizes, areas, and price ranges throughout the Carolina region.

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. Lodging Partners has had an advisory role on over $590 Million 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

Crystal Investment Property Brokers the Sale of Packwood Lodge

For immediate release
[Packwood, Washington – 9/22/2022]

Crystal Investment Property Brokers the Sale of Packwood Lodge

Representing the Seller of this Updated Property with Leased Restaurant

Crystal Investment Property, LLC (“CIP”), a member of Hotel Brokers International, announced the successful sale of the Packwood Lodge in Packwood, 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.

Packwood Lodge is an independent, 30 key, select-service hotel with a leased restaurant. The property includes extensive capital improvements, 21 updated guest rooms or suites, and 9 detached cabins. In addition, the property features a lobby with a breakfast area, office, laundry room, Owner’s Quarters, and a hotel adjacent leased restaurant. Rooms and suites include flatscreen TVs, mini-fridges, microwaves, coffee makers, and high-speed wireless internet. Cabins, completed in 2019, feature a kitchenette, dining area, jacuzzi tub, bathroom with shower, and outdoor decking. Just 2.5 hours from Portland and Seattle metropolitan areas, the hotel is 4 miles from the Mt. Rainier National Park entrance, attracting visitors year-round.

Joseph P. Kennedy, President of CIP, said, “Long-term relationships with both the Seller and Buyer enabled CIP to put together a transaction swiftly upon taking the property on the market. This sale is an excellent example of how our connections lead to a successful closing for our clients. The Seller is pleased to continue to downsize their portfolio while the Buyer has been able to diversify their extensive regional holdings into a new market.”

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 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.

 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

Crystal Investment Property Brokers the Sale of Wingate by Wyndham Great Falls

For immediate release

Crystal Investment Property Brokers the Sale of Wingate by Wyndham Great Falls

Representing the Seller of this Recently Updated Franchise Hotel in the Heart of Montana

Crystal Investment Property, LLC (“CIP”), a member of Hotel Brokers International, announced the successful sale of the Wingate by Wyndham Great Falls in Great Falls, Montana. CIP, a licensed Montana brokerage, represented the Seller in the sale. Michelle Kennedy, Principal/Designated Broker, 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.

Wingate by Wyndham Great Falls, Montana, is a 62-key, select service franchised midscale hotel with interior corridors. The property features a front lobby, lounge area, spacious breakfast area, business center, convenience store/sundries mart, guest laundry, and a heated indoor pool. The hotel is ideally situated with highway visibility with excellent proximity to historic downtown, museums, restaurants, and the international airport.

Guest room mix includes a selection of Queen Single, Queen Double, King Single, and King Deluxe. In addition, King Single ADA and King Deluxe ADA (Mobility Accessible) rooms are available. Guest amenities include non-smoking guest rooms, free WiFi, a flat-screen TV with premium movie channels, a desk, coffee maker, hairdryer, iron, and ironing board.

Great Falls Montana is located on the Missouri River in the heart of Montana. The city provides a base camp for outdoor adventures, arts, culture, shopping, and more.

Michelle Kennedy, Principal/Designated Broker, said, “The Great Falls, Montana hospitality market offered an opportunity for Buyers looking to get into a recently updated turn-key property with excellent brand name recognition. With multiple offers generated during CIP’s competitive process, we were able to maximize the property’s value successfully. We look forward to the continued success of both the Buyer and the Seller of this 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 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.

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

Crystal Investment Property Facilitates the Sale of La Quinta Inn by Wyndham Missoula

For immediate release

Crystal Investment Property Facilitates the Sale of La Quinta Inn by Wyndham Missoula

Representing the Seller of this Midscale Franchise Hotel Near International Airport

Crystal Investment Property, LLC (“CIP”), a member of Hotel Brokers International, announced the successful sale of the La Quinta Inn by Wyndham Missoula in Missoula, Montana. CIP, a licensed Montana brokerage, represented the Seller in the sale. Michelle Kennedy, Principal/Designated Broker, 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 La Quinta Inn Missoula is an 80 key, midscale, interior corridor, select-service, franchised hotel. The hotel features a spacious lobby, business center, fitness center, indoor pool, and hot tub. The property includes a meeting room/event space that accommodates up to 25 guests. Near Downtown Missoula, this hotel is close to shopping and dining. In addition, the hotel has trusted brand recognition, airport proximity, excellent highway visibility, and easy access.

Michelle Kennedy, Principal/Designated Broker, said, “Missoula is a peak market with substantial interest from Buyers. With multiple offers generated by CIPs marketing outreach, the Sellers were pleased to secure a full-price sale. As a result, the Sellers can redeploy capital, and the Buyer will complete a PIP refresh while looking to the region’s future for strong upside.”

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 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.

 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

Crystal Investment Property Brokers Four-Property Hospitality Portfolio Sale

For immediate release

Crystal Investment Property Brokers Four-Property Hospitality Portfolio Sale

Representing the Seller of this Confidential Hotels Near Mt. Rainier National Park in Washington

Crystal Investment Property, LLC (“CIP”), a member of Hotel Brokers International, announced the successful sale of this confidential four-hotel portfolio. The portfolio includes Cowlitz River Lodge and Crest Trail Lodge in Packwood, Washington, Mill Village Motel in Eatonville, Washington, and Nisqually Lodge in Ashford, 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.

All four properties in the portfolio are independent, midscale hotels, each with 25-32 keys. Cowlitz River Lodge, Nisqually Lodge, and Crest Trail Lodge feature large lounges, stonework fireplaces, and unpretentious guest amenities throughout the properties. Mill Village Motel is the only exterior corridor property and includes a business center, guest library, and meeting/event space for guests.

Located in the foothills of Mt. Rainier, they draw from both the Seattle and Tacoma metro areas. Proximity to Mt. Rainier, White Pass Ski Resort, Mt. Saint Helens, and Packwood Lake make these properties a year-round adventure destination.

Joseph Kennedy, President of CIP, said, “With a strict requirement for confidentiality, this portfolio sale needed to be presented selectively to the optimal investors for this collection of properties. CIP worked with long-term clients to identify this as the perfect opportunity for them to move into a new area in a big way. As a result, the Sellers can step back while knowing the Buyer will build on their legacy, seamlessly stepping into the operations moving forward.”

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 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.

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