Crystal Investment Property, LLC, (“CIP”) a member of Hotel Brokers International, announced the successful sale of the Best Western Cottage Grove Inn in Cottage Grove, 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 Best Western Cottage Grove Inn is a 41 key select service franchised midscale hotel. Updated in 2017 with extensive capital improvements, this interior corridor property is ranked in the top 5% of Best Western Hotels nationwide. The property features a large front desk and lobby, spacious breakfast area, business center, guest laundry, and a highly sought-after indoor pool and spa. Guest room mix includes a selection of King Singles, Queen Singles and Doubles, family-friendly Triple Full bed, and accessible rooms. Conveniently located in the heart of the Willamette Valley, this property is highly visible with easy access to Interstate 5 corridor as well as excellent proximity to downtown Eugene, University of Oregon, and airport.
Joseph Kennedy, President of CIP said, “This property enjoyed an extremely strong level of interest immediately upon bringing it to the market. We had multiple interested parties and were able to secure not only the highest market price but a capable, experienced Buyer. The new ownership brings fresh enthusiasm to this hotel and we look forward to his success with the property.”
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
Logos, product and company names mentioned are the property of their respective owners.