Representing Both the Seller and the Buyer of this Oregon Coast Rental & Management Business
[Bandon, Oregon – March 2018] – Crystal Investment Property, LLC, (“CIP”) a member of Hotel Brokers International, announced the successful sale of the Bandon Beach Vacation Rentals in Bandon, Oregon. CIP, a licensed Oregon brokerage, 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’ other professionals, to negotiate a mutually acceptable sale. The final sale price is confidential.
Bandon Beach Vacation Rentals is a resort area management business that features 5 owned rental units with an additional 20+ rental properties. The 3 adjacent residential properties and long-term management contracts for both cabins and homes, combine to make a very profitable and attractive owner operated business. Ideally situated on the Oregon Coast, Bandon is a favorite destination spot offering a variety of year-round demand drivers.
Joseph Kennedy, President of CIP said,
This was a unique and very profitable business, outside of the model of the typical lodging property but extremely well suited for the Buyer. We worked diligently to overcome the hurdles inherent in a non-conventional structure and are pleased to have been able to achieve a successful sale meeting the needs of both parties, in time for the summer season. We wish the Sellers a most enjoyable retirement and the Buyer the best as he transitions into a new business model and lifestyle!”
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