For immediate release [New Braunfels, Texas – 8/4/2020]
CIP Successfully Brokers the Sale of Homewood Suites by Hilton New Braunfels, Texas
Representing the Buyer of this Upscale Franchise Hotel in Prime Resort Destination
Crystal Investment Property, LLC, (“CIP”) a member of Hotel Brokers International, announced the successful sale of the Homewood Suites by Hilton New Braunfels in New Braunfels, Texas. CIP, premier hospitality property specialists, represented the Buyer in the sale. Joseph P. Kennedy, President of CIP, 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 Homewood Suites by Hilton New Braunfels is a 90 key select service franchised upscale hotel. The property features a 24-hour front desk and lobby, spacious breakfast area, business center, meeting room, guest laundry, fitness center, outdoor pool, outdoor fireplace, and basketball court. Interior corridor guest room mix includes a selection of Queen Double Suites, King Single Suites, family-friendly rooms, and a variety of ADA accessible rooms.
Joseph Kennedy, President of CIP said, “We’ve known and worked with the client for many years and we were pleased to be able to help facilitate their purchase of this outstanding 1031 Exchange property. Despite current challenges in the market, we worked hand in hand with the Buyer’s professional team to secure the CMBS assumption, Hilton franchise, and transition into the property in time to meet our deadline. We look forward to the tremendous success this hotel will enjoy under the new management and ownership!”
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 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 https://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 www.hbihotels.com.
Contact:
Joseph P. Kennedy, CHB / President
Crystal Investment Property, LLC
Portland, Oregon
503.530.1316 | joe@crystalip.com
Glenda J. Webb, Executive Director
Hotel Brokers International
Kansas City, Missouri
816.505.4315 | gwebb@hbihotels.com
