For immediate release
Crystal Investment Property Facilitates the Sale of La Quinta Inn by Wyndham Missoula
Representing the Seller of this Midscale Franchise Hotel Near International Airport
Crystal Investment Property, LLC (“CIP”), a member of Hotel Brokers International, announced the successful sale of the La Quinta Inn by Wyndham Missoula in Missoula, Montana. CIP, a licensed Montana brokerage, represented the Seller in the sale. Michelle Kennedy, Principal/Designated Broker, 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.
The La Quinta Inn Missoula is an 80 key, midscale, interior corridor, select-service, franchised hotel. The hotel features a spacious lobby, business center, fitness center, indoor pool, and hot tub. The property includes a meeting room/event space that accommodates up to 25 guests. Near Downtown Missoula, this hotel is close to shopping and dining. In addition, the hotel has trusted brand recognition, airport proximity, excellent highway visibility, and easy access.
Michelle Kennedy, Principal/Designated Broker, said, “Missoula is a peak market with substantial interest from Buyers. With multiple offers generated by CIPs marketing outreach, the Sellers were pleased to secure a full-price sale. As a result, the Sellers can redeploy capital, and the Buyer will complete a PIP refresh while looking to the region’s future for strong upside.”
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 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