Crystal Investment Property, LLC, a member of Hotel Brokers International, announced the successful sale of the Days Inn, Lewiston, Idaho. Crystal Investment Property, LLC, a licensed Idaho broker, 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.
The 62-key property offered strong current cash flow and outstanding future opportunity. With nice mix of room, interior corridors, good amenities for guests and truck/bus parking, the property is well suited to serve the needs of the surrounding community as well as transient guests.
Joseph Kennedy, President of Crystal Investment Property said, “Despite some fairly significant hurdles having nothing to do with the property itself, the professionals involved were able to overcome the various issues in order to craft a successful transaction. We are happy to have been instrumental in helping the Seller move on to other projects and assist the Buyer in purchasing an asset which expands their portfolio and offers them opportunities for years to come.”
Crystal Investment Property, a premiere 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 assets types, including: full service hotels, boutique hotels, select service hotels, limited service hotels, as well as development projects, and leasehold transactions.