For immediate release
[Oakland, Oregon – 9/10/2021]
Crystal Investment Property Announces Sale of Ranch Motel
Representing the Seller of this Retro Mid-Century Modern A-Frame Motel
Crystal Investment Property, LLC, (“CIP”) a member of Hotel Brokers International, announced the successful sale of the Ranch Motel in Oakland, 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 Ranch Motel is a 25 key, limited-service, exterior corridor motel located north of Oakland, Oregon. The property’s unique, 1960s A-frame cabins are visible, and accessible from Interstate 5. The updated lobby and cabins feature the iconic mid-century modern peaked metal roof. The property has 25 A-Frame cabins, including cabins with loft areas. The motel, halfway between Portland and Medford, is near the college town of Eugene. Ranch Motel offers visitors a bit of history with proximity to all essential services.
Joseph P. Kennedy, President of CIP said, “The Ranch motel has unique character and charm as a quintessential historic roadside motel. With our strong client relationships, we knew the perfect Buyer seeking exactly this type of opportunity. We look forward to tremendous success for the Buyer and wish the Seller well as they transition into new opportunities.”
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 hbihotels.com.
Teri G. Beck, Marketing Director
Crystal Investment Property, LLC
Glenda J. Webb, Executive Director
Hotel Brokers International
Kansas City, Missouri