Crystal Investment Property, LLC, (“CIP”) a member of Hotel Brokers International, announced the successful facilitation of the sale of the Cannery Pier Hotel in Astoria, Oregon. CIP, a licensed Oregon brokerage, brought together the Seller and Buyer of this singular property. Joseph P. Kennedy, President of CIP, worked closely with the Principal parties, as well as the parties’ other professionals, to negotiate a mutually acceptable sale. The final sale price is confidential.
The upscale Cannery Pier Hotel and Spa is one of Oregon’s most iconic hotels, jutting out 600 feet over the Columbia River in the shadow of the Astoria-Megler Bridge. The luxury boutique hotel provides exceptional services and amenities while maintaining the charm and history of the original cannery. Extravagant rooms and suites and feature gas fireplaces, private decks with water views, mini-fridge, and WiFi. Suites boast whirlpool tubs, wraparound decks, and living rooms. Visitors enjoy complimentary continental breakfast, an evening wine hour, local transport in a 1930s vintage auto, and loaner bikes. The property features an on-site day spa, hot tub, fitness facility as well as a meeting room. Adjacent to downtown Astoria’s many shops, restaurants, and galleries, the Cannery Pier Hotel is also ideally located near a commercial port and just 2 hours from Portland International Airport.
Joseph Kennedy, President of CIP said, “While the property never came on the market or was listed, our relationship with the Seller allowed us to make the introduction to a highly qualified and truly ideal Buyer. We are pleased to know that the high standards and impeccable reputation for luxury lodging in the community will be sustained for many years to come. We look forward to the preservation of the legacy of Robert Jacob, the visionary behind this phenomenal 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
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