Representing the Seller of this 51 Key Independent Midscale Hotel
[Sequim, Washington – November 2018] – Crystal Investment Property, LLC, (“CIP”) a member of Hotel Brokers International, announced the successful sale of the Olympic View Inn in Sequim, Washington. CIP, a licensed Washington 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.
The Olympic View Inn is a 51 Key independent midscale hotel with strong financials and an excellent opportunity to franchise in the future. 2 exterior corridor buildings on 4 tax lots with excess land included create huge upside potential for possible expansion, pool, or dual brand. The hotel features newly remodeled and beautifully appointed rooms as well as extensive capital improvements. Guest amenities include a conference room and fitness center. Property is fronting Highway 101 for ease of access and is centrally located to restaurants, museums, casino, wildlife areas, and shopping.
Joseph Kennedy, President of CIP said,
While we enjoyed a strong amount of interest in this exceptional property from the onset of marketing, this particular Buyer had a unique combination of strong prequalification, other hotels in his portfolio, and a local presence which assured a seamless transition and continuity in the community. We are so pleased to be able to assist the Sellers to meet their goals of greater family time and travel in their retirement and to see this wonderful property under the stewardship of an exceptional hotel operator.”
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 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, CHB / President
Crystal Investment Property, LLC