For immediate release
[Toppenish, Washington – 08/21/2020]
Crystal Investment Property Announces the Sale of Quality Inn & Suites Toppenish, WA
Representing the Seller of this Franchised Midscale Hotel in the Heart of Washington Wine Country
Crystal Investment Property, LLC, (“CIP”) a member of Hotel Brokers International, announced the successful sale of the Quality Inn & Suites in Toppenish, Washington. CIP, a licensed Washington brokerage, represented the Seller 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 Quality Inn & Suites Toppenish hotel is a 44 Key franchised midscale hotel with interior corridors. Excess land created a huge upside potential for possible expansion, pool, or dual brand. Ideally situated with Interstate 82 visibility and access in the heart of downtown Toppenish, Washington.
The guest room mix for Quality Inn & Suites Toppenish includes a selection of accessible rooms, suites, kitchenette, and family rooms. On-premises facilities include breakfast area, exercise room, guest laundry, truck/bus/RV parking, and a complete business center for visitor convenience. Restaurants, museums, and shopping are all within walking distance.
Joseph Kennedy, President of CIP said, “Despite an extremely challenging market, we were pleased to find the perfect buyer for this property. We know the Seller is happy to be able to focus his efforts on projects closer to his home and the Buyer has terrific plans for the property in the future.”
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
