$5-10 Million | Midscale | Select-Service | 68 Keys
Representing the Seller of this Midscale Franchise Hotel in Premier Resort Destination
[Sandpoint, Idaho – March 2021] Crystal Investment Property, LLC, (“CIP”) a member of Hotel Brokers International, announced the successful sale of the La Quinta Inn in Sandpoint, Idaho. CIP, a licensed Idaho brokerage, represented the Seller in the sale. Joseph P. Kennedy, President of CIP, and the CIP Team 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.
About La Quinta Inn & Suites Sandpoint
The La Quinta Inn & Suites Sandpoint is a 68 key select service franchised midscale hotel. The property features a lobby with a fireplace, gift shop, fitness center, indoor spa, and seasonal outdoor swimming pool. The guest room mix includes a selection of Queen and King rooms, kitchenette and spa suites, family-friendly rooms, and ADA rooms. Amenities include an in-room mini-refrigerator, microwave, television, and high-speed internet (WiFi). The hotel consists of 3 buildings and a leased restaurant on over 1.16 acres in a desirable central location. Located in the heart of downtown Sandpoint, visitors are within walking distance to many unique shops, art galleries, great restaurants, and scenic Lake Pend Oreille.
Joseph Kennedy, President of CIP said,
We’re very happy to have helped the Seller and Buyer achieve a mutually beneficial transaction for this terrific resort area property. Our patience helped the Seller realize their disposition goals and Buyer complete their 1031 exchange. We are excited for the Seller’s and Buyer’s future endeavors!”
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 asset 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 crystalip.com.
For more information contact:
Crystal Investment Property, LLC
The Pacific Northwest Hospitality Specialists