$5-10 Million | Upper-Midscale | Full-Service | 128 Keys
Representing the Seller of this Hotel With Restaurant In The Heart Of Alaska
[Fairbanks, Alaska – February 2023] Crystal Investment Property, LLC (“CIP”), a member of Hotel Brokers International, announced the successful sale of the Clarion Hotel & Suites Fairbanks in Fairbanks, Alaska. CIP, a licensed Washington brokerage, represented the Seller in the sale, in cooperation with Suzanne Jasso, a licensed Alaska broker. Joseph P. Kennedy, President of CIP, and the CIP Team worked closely with the Buyer and Seller and the parties’ other professionals to negotiate a mutually acceptable sale. The final sale price is confidential.
About Clarion Hotel & Suites Fairbanks
Clarion Hotel & Suites Fairbanks is a 128-key, full-service, franchised, upper-midscale hotel. Located in Fairbanks, Alaska, this property features excellent cash flow and strong financials. Guest amenities include guest laundry, a fitness center, and an on-site remodeled restaurant with a bar/lounge area. The hotel also has a meeting/event space, a business center, as well an airport shuttle for the entire hotel.
Joseph P. Kennedy, President of CIP, said,
It proved to be an excellent fit when the owner of Clarion Hotel & Suites in Fairbanks, Alaska, contacted us to list their property. Guided by strong connections with buyers, we identified this outstanding property to a repeat client who was looking to expand their portfolio. We procured multiple competing offers for the owner to consider and select from.”
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 hospitality asset acquisition/disposition services are supported by innovative and creative solutions to maintain its position as the region’s most active and successful hotel broker. Crystal Investment Property represents the full spectrum of hospitality real estate owners. Their experience covers all hospitality asset types, including full-service hotels, boutique hotels, select-service hotels, limited-service hotels, development projects, and leasehold transactions. Visit Crystal Investment Property online a crystalip.com.
For more information contact:
Crystal Investment Property, LLC
The Pacific Northwest Hospitality Specialists