Representing the Seller of this 75+ Key Coastal Boutique Hotel
[Lincoln City, Oregon – April 2018] – Crystal Investment Property, LLC, (“CIP”) a member of Hotel Brokers International, announced the successful sale of the Ashley Inn & Suites in Lincoln City, Oregon. CIP, a licensed Oregon brokerage, represented the 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.
Ashley Inn & Suites in Lincoln City is an outstanding independent boutique hotel located just off the Highway 101. This 75 key property features extensive updates to both rooms and amenities, spa suites, meeting space and saltwater pool and spa. Ashley Inn is ideally situated on the Oregon Coast with proximity to restaurants, activities, festivals and major metropolitan areas. The hotel features a varied guestroom mix, year-round demand drivers, and excellent highway access and visibility.
Joseph Kennedy, President of CIP said,
We are pleased that an experienced and well-regarded Buyer will be stepping into the management and operation of this strong and vibrant property. We wish the Seller the best as he undertakes new ventures and know the Buyer will enjoy tremendous success for many years to come.”
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.
For more information contact:
Joseph P. Kennedy, President
Crystal Investment Property, LLC