Crystal Investment Property, LLC, (CIP) a member of Hotel Brokers International, announced the successful sale of the Birch Glen Lodge & Motel in Cascade, Idaho. CIP, 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’ otherprofessionals, to negotiate a mutually acceptable sale. The final sale price is confidential.
As one of the largest lodging facilities open year-round, Birch Glen Lodge is the go-to place for lodging in Cascade, Idaho. Located in the picturesque mountains north of Boise, the large outdoor and indoor lodge facilities, along with 27 rooms, make Birch Glen exceptionally attractive for group events, family reunions, and receptions. It is especially renowned with the ice fishermen who flock to the area for world famous fishing in the winter.
Joseph Kennedy, President of CIP said, “We enjoyed a tremendous interest from Buyers in this exceptional lodge resort. The phenomenal location and year-round demand drivers, as well as strong fundamental financials, make it an attractive property. The Seller is pleased to have an enthusiastic and hands on operator bring renewed energy to the property and community. We wish the Buyer tremendous success in developing the unique appeal and potential of the motel and the Seller all the best as he looks forward to opportunities for more family time and traveling.”
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. Crystal Investment Property may be accessed online at www.crystalip.com.
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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