Representing the Seller of this Updated Economy Hotel in Popular College Town
[Pullman, Washington – February 2021] Crystal Investment Property, LLC, (“CIP”) a member of Hotel Brokers International, announced the successful sale of The State Inn in Pullman, Washington. CIP, a licensed Washington brokerage, represented the Seller in the sale. Joseph P. Kennedy, President of CIP, and the CIP Team 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 State Inn is a recently updated, independent hotel featuring 31 exterior corridor rooms in the heart of the thriving college town of Pullman, Washington. The property was built in 1972 and thoroughly renovated in 2017. The hotel is centrally located on Main Street, featuring excellent walkability to nearby shops, restaurants, galleries, and events. With excellent proximity to Washington State University (WSU), The State Inn is convenient for business and leisure travelers visiting the University.
Joseph Kennedy, President of CIP said,
The State Inn attracted a high degree of interest from Buyers from day one, and I am proud that we were able to bring multiple offers for the Seller. My team and I closely managed the process to ensure the success of this sale in a year of uncertainty. We are pleased to have been able to achieve this for the Seller and we look forward to their future successes.”
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 crystalip.com.
For more information contact:
Crystal Investment Property, LLC
The Pacific Northwest Hospitality Specialists
In The News
Crystal Investment Property: The State Inn – SOLD!