SOLD! Please contact us for similar offerings.
$5-10 Million | Midscale | Select Service | 70 Keys
Representing the Seller and Buyer of this Midscale Franchise Hotel Remodeled in 2018
[Liberty Lake, Washington] Crystal Investment Property, LLC, (“CIP”) a member of Hotel Brokers International, announced the successful sale of the Quality Inn & Suites in Liberty Lake, Washington. CIP, a licensed Washington 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.
The Quality Inn & Suites Liberty Lake is a 70 key select service franchised midscale hotel with interior corridors. The property was extensively remodeled in 2018 and features a 2-story lobby, hotel store for snacks and toiletries, fitness center, indoor heated pool, and hot tub, as well as the “Q Zone” sports and recreation room. Guest room mix includes a selection of King and Queen rooms, kitchenette and spa suites, and accessible rooms. Property includes 300 sq.ft. meeting room and business center to cater to business travelers. Ideally located between Spokane and Coeur d’Alene with proximity to Spokane International Airport for ease of access. The property offers highway visibility and is close to a variety of demand drivers.
Joseph Kennedy, President of CIP said,
The Buyer is an experienced and well-regarded hotelier with a significant regional portfolio. He is ideally suited to operate the hotel to its full potential and we look forward to his success. We wish the Seller well as he moves to other ventures outside of the region.”
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 asset 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:
Crystal Investment Property, LLC
The Pacific Northwest Hospitality Specialists