For immediate release
[Medford, Oregon – 1/20/2020]
Crystal Investment Property Announces the Sale of Comfort Inn South
Representing the Seller and Buyer of this Newly Renovated Upper Midscale Hotel
Crystal Investment Property, LLC, (“CIP”) a member of Hotel Brokers International, announced the successful sale of the Comfort Inn South in Medford, Oregon. CIP, a licensed Oregon brokerage, represented the Seller and 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.
Comfort Inn South Medford is a 61 key select service, interior corridor, upper midscale franchise hotel. With extensive Capital Improvements in 2018, the hotel offers easy access to both the I-5 Highway and a major metropolitan area. Hotel features include a spacious lobby, breakfast area, business center, indoor heated pool, hot tub, and outdoor patio. The property is ideally situated near the historic city of Jacksonville, Southern Oregon University, Oregon Shakespeare Festival, and the Rogue Valley International-Medford Airport.
Joseph Kennedy, President of CIP said, “Medford is a terrific market with this property in an exceptional freeway accessible and visible location. We had very strong interest and were able to select between multiple offers to find the best fit for the transaction. We wish the Seller the best of luck as they move on to other ventures and the Buyer continuing success with the hotel.”
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 www.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.
Contacts:
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
