For immediate release
[Fairbanks, Alaska – 3/22/2023]
Crystal Investment Property Arranges the Sale of Clarion Hotel & Suites Fairbanks
Representing the Seller of this Hotel with Restaurant in the Heart of Alaska
Crystal Investment Property, LLC (“CIP”), a member of Hotel Brokers International, announced the successful sale of the Clarion Hotel & Suites Fairbanks in Fairbanks, Alaska. CIP, a licensed Washington brokerage, represented the Seller in the sale in cooperation with Suzanne Jasso, a licensed Alaska broker. 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.
Clarion Hotel & Suites Fairbanks is a 128-key, full-service, franchised, upper-midscale hotel. Located in Fairbanks, Alaska, this property features excellent cash flow and strong financials. Guest amenities include guest laundry, a fitness center, and an on-site remodeled restaurant with a bar/lounge area. The hotel also has a meeting/event space, a business center, as well an airport shuttle for the entire hotel.
Joseph P. Kennedy, President of CIP, said, “It proved to be an excellent fit when the owner of Clarion Hotel & Suites in Fairbanks, Alaska, contacted us to list their property. Guided by strong connections with buyers, we identified this outstanding property to a repeat client who was looking to expand their portfolio. We procured multiple competing offers for the owner to consider and select from.”
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.
Teri G. Beck, Marketing Director
Crystal Investment Property, LLC
Glenda J. Webb, Executive Director
Hotel Brokers International
Kansas City, Missouri