Crystal Investment Property, LLC, (“CIP”) a member of Hotel Brokers International, announced the successful sale of the Lighthouse Inn in Florence, Oregon. CIP, a licensed Oregon brokerage, represented the Buyer and 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 Lighthouse Inn is a 27 key, 3-story, independent boutique property situated a block from downtown Florence on the Oregon Coast. The property site has 189+ linear feet of frontage and access from Highway 101 South and leased restaurant adjacent. The property includes a large lobby with fireplace, 1-bedroom Owner’s/Manager Quarters with private entrance, deck and backyard area. Located near Florence’s historic Old Town/Waterfront District, including beaches and the marina, seasonal open-air market, outstanding restaurants, art galleries, shops, boutiques, and the Siuslaw Pioneer Museum.
Joseph Kennedy, President of CIP said, “This property is really well located on Highway 101 in a popular retirement and tourism town on the Oregon Coast near the Dunes State Park. Just 2 hours from major metro Eugene, Oregon (Track Town!), we had a lot of interest and are pleased that a hands-on experienced operator will be taking over and continuing the tradition of comfortable and reasonable accommodations for visitors year round.”
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 assets 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. Founder and host of the popular Hotel Investor’s Marketplace Webcast, HBI also developed the Certified Hotel Broker professional designation program. 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.
For more information contact:
Joseph P. Kennedy, President
Crystal Investment Property, LLC
Glenda J. Webb, Managing Director
Hotel Brokers International
Kansas City, Missouri
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