The 62-key property offered strong current cash flow and outstanding future opportunity, according to the company.
Joseph Kennedy, president of Crystal Investment Property said, “Despite some fairly significant hurdles having nothing to do with the property itself, the professionals involved were able to overcome the various issues in order to craft a successful transaction. We are happy to have been instrumental in helping the seller move on to other projects and assist the buyer in purchasing an asset which expands their portfolio and offers them opportunities for years to come. ”
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