Symbolizing the Seller of this Up to date Home with Leased Cafe
Crystal Expenditure House, LLC (“CIP”), a member of Resort Brokers Intercontinental, announced the productive sale of the Packwood Lodge in Packwood, Washington. CIP, a licensed Washington brokerage, represented the Seller in the sale. Joseph P. Kennedy, President of CIP, and the CIP Staff labored closely with the Consumer and Vendor and the parties’ other specialists to negotiate a mutually acceptable sale. The ultimate sale price tag is private.
Packwood Lodge is an independent, 30 crucial, select-service resort with a leased cafe. The residence includes comprehensive cash advancements, 21 current guest rooms or suites, and 9 detached cabins. In addition, the house functions a lobby with a breakfast area, place of work, laundry area, Owner’s Quarters, and a lodge adjacent leased restaurant. Rooms and suites consist of flatscreen TVs, mini-fridges, microwaves, coffee makers, and substantial-speed wireless world-wide-web. Cabins, concluded in 2019, characteristic a kitchenette, dining place, jacuzzi tub, lavatory with shower, and out of doors decking. Just 2.5 hrs from Portland and Seattle metropolitan places, the hotel is 4 miles from the Mt. Rainier National Park entrance, attracting visitors year-spherical.
Joseph P. Kennedy, President of CIP, stated, “Long-term interactions with both of those the Vendor and Buyer enabled CIP to place alongside one another a transaction quickly upon using the house on the marketplace. This sale is an fantastic instance of how our connections direct to a successful closing for our consumers. The Seller is happy to continue to downsize their portfolio whilst the Buyer has been able to diversify their considerable regional holdings into a new marketplace.”
About Crystal Financial commitment Property, LLC
Crystal Financial investment Residence, a premier hospitality investment decision advisory and brokerage company located in the Pacific Northwest, maintains the most chopping-edge technological, on line, and social media presence as effectively as a full variety of traditional and world-wide-web-primarily based advertising achieving local, regional, countrywide, and intercontinental clientele. The firm’s main hospitality asset acquisition/disposition solutions are supported by impressive and resourceful options to retain its posture as the region’s most energetic and thriving hotel broker. Crystal Expense Property represents the total spectrum of hospitality actual estate entrepreneurs. Their expertise handles all hospitality asset forms, together with entire-provider motels, boutique inns, select-provider lodges, constrained-support motels, progress assignments, and leasehold transactions. Take a look at Crystal Investment decision House online at crystalip.com.
About Resort Brokers Worldwide
Established in 1959, Resort Brokers Worldwide associates guide the market in resort authentic estate revenue. HBI lodge brokerage specialists have successfully negotiated extra than 10,000 hotel actual estate transactions and continually account for the biggest share of all decide on-support and economic system hotel profits in the United States. The organization’s database currently contains far more than 100 home listings and the HBI web site attracts web site guests from close to the environment. HBI is the founder and administrator of the Qualified Resort Broker plan – the industry’s only qualified designation for Lodge Brokers. In addition to hospitality true estate advisory services, HBI delivers affiliate membership to specialists in allied fields, such as franchising, lending, appraisals, and financial commitment solutions. For additional information and facts about HBI’s resort listings or to come to be a broker or affiliate member, go to hbihotels.com.
Teri G. Beck, Advertising and marketing Director
Crystal Financial investment Home, LLC
internet [email protected]
Glenda J. Webb, Government Director
Hotel Brokers Global
Kansas City, Missouri