Representing the Both of this All-Suite Extended Stay Hotel In Boise, Idaho
[Boise, Idaho – June 2024] Crystal Investment Property, LLC (“CIP”), a member of Hotel Brokers International, announced the successful sale of the Residence Inn Boise Downtown/University in Boise, Idaho. CIP, a licensed Idaho brokerage, represented Both in the sale. Joseph P. Kennedy, President of CIP, and the CIP Team worked closely with the Buyer, Seller, and the parties’ other professionals to negotiate a mutually acceptable sale. The final sale price is confidential.
About Residence Inn Boise Downtown University
The 104-key Residence Inn Boise Downtown University is conveniently located in Idaho’s capital along I-84, the major interstate connecting Boise with Portland and Salt Lake City. Major corporate demand generators such as Lamb Weston, J.R. Simplot Company, and Albertsons, the second-largest supermarket chain in North America, are headquartered in the popular city, making the market dense in business tourism. Downtown Boise, Boise State University, and the Boise Zoo are driving leisure demand for the hotel.
Built in 1986, the Residence Inn Boise Downtown University is fully equipped with an on-site fitness center, business center, and outdoor pool. Guests are also met with complimentary breakfast and have kitchenettes in each room.
Joseph Kennedy, President of CIP, said,
“We are delighted to announce the successful sale of Residence Inn Boise Downtown/University in Boise, ID. We were pleased to work with Hunter Hotel Advisors as the broker of record for Idaho and represent the Buyer, who has been a long-time client. We wish everyone the best in their next adventures.“