$10-20 Million | Midscale | Select-Service | 114 Keys
Representing The Seller Of These Confidential Hotels Near Mt. Rainier National Park in Washington
[Packwood, Washington – July 2022] Crystal Investment Property, LLC (“CIP”), a member of Hotel Brokers International, announced the successful sale of this confidential four-hotel portfolio. The portfolio includes Cowlitz River Lodge and Crest Trail Lodge in Packwood, Washington, Mill Village Motel in Eatonville, Washington, and Nisqually Lodge in Ashford, 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 Buyer and Seller and the parties’ other professionals to negotiate a mutually acceptable sale. The final sale price is confidential.
About The Four-Property Hospitality Portfolio
All four properties in the portfolio are independent, midscale hotels, each with 25-32 keys. Cowlitz River Lodge, Nisqually Lodge, and Crest Trail Lodge feature large lounges, stonework fireplaces, and unpretentious guest amenities throughout the properties. Mill Village Motel is the only exterior corridor property and includes a business center, guest library, and meeting/event space for guests.
Located in the foothills of Mt. Rainier, they draw from both the Seattle and Tacoma metro areas. Proximity to Mt. Rainier, White Pass Ski Resort, Mt. Saint Helens, and Packwood Lake make these properties a year-round adventure destination.
Joseph Kennedy, President of CIP, said,
With a strict requirement for confidentiality, this portfolio sale needed to be presented selectively to the optimal investors for this collection of properties. CIP worked with long-term clients to identify this as the perfect opportunity for them to move into a new area in a big way. As a result, the Sellers can step back while knowing the Buyer will build on their legacy, seamlessly stepping into the operations moving forward.”
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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 hospitality asset acquisition/disposition services are supported by innovative and creative solutions to maintain its position as the region’s most active and successful hotel broker. Crystal Investment Property represents the full spectrum of hospitality real estate owners. Their experience covers all hospitality asset types, including full-service hotels, boutique hotels, select-service hotels, limited-service hotels, development projects, and leasehold transactions. Visit Crystal Investment Property online at crystalip.com
For more information contact:
Crystal Investment Property, LLC
The Pacific Northwest Hospitality Specialists
503.530.1316
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