Representing the Seller of this Franchised Hotel with Dual Brand Potential
[Spokane, Washington – May 2018] Crystal Investment Property, LLC, (“CIP”) a member of Hotel Brokers International, announced the successful sale of the Rodeway Inn & Suites in Spokane, 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 Rodeway Inn & Suites Spokane is an updated 73 key city center hotel. This property offered an excellent location with easy highway access and proximity to Gonzaga University, Convention Center, Spokane Arena, and Spokane International Airport. The hotel amenities include seasonal pool & spa, exercise room, meeting & event space and a variety of rooms for both business and vacation travelers. With both interior and exterior corridors, and multiple buildings, this franchised property is ideally located with the ability to dual-brand.
Joseph Kennedy, President of CIP said,
The property is well located and well positioned for a new owner operator and we were pleased to have a strong degree of interest. We had multiple offers on the property and feel strongly that the new owner was best suited to enjoy a great deal of future success as he moves forward. We wish the Sellers the best as they move towards new opportunities.”
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