Representing the Seller of this Independent 1930s Economy Motel on the Olympic Peninsula
Crystal Investment Property, LLC, (“CIP”) a member of Hotel Brokers International, announced the successful sale of the All View Motel in Port Angeles, 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 All View Motel is a beautifully maintained 20 key, single-story economy motel built in the 1930s. Guest rooms offer standard amenities including mini-fridges and microwaves, as well as highly popular family suites with complete kitchens. The property includes a spacious 1400 sq.ft. owner’s/manager’s quarters with private laundry room, fenced front yard, and storage area. The All View Motel is visible from Highway 101, ideally situated close to downtown, the ferry port, and is less than a mile from the main entrance to Olympic National Park. The property offers both mountain and harbor views, designated parking, as well as free guest access to local pool and spa nearby.
Joseph Kennedy, President of CIP said, “We’ve closed several properties in the area in the past 18 months as it is extremely desirable for investors wishing to draw on the Seattle metro marketplace. We’re pleased to have been able to achieve a strong price for the former owner and wish them the best as they move on into other ventures.”
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 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.
About Hotel Brokers International
Founded in 1959, Hotel Brokers International members lead the industry in hotel real estate sales. HBI hotel brokerage specialists have successfully negotiated more than 10,000 hotel real estate transactions and consistently account for the largest share of all select-service and economy hotel sales in the United States. The organization’s database currently comprises more than 100 property listings and the HBI website attracts site visitors from around the world. Founder and host of the popular Hotel Investor’s Marketplace Webcast, HBI also developed the Certified Hotel Broker professional designation program. In addition to hospitality real estate advisory services, HBI offers affiliate membership to professionals in allied fields, including franchising, lending, appraisals and investment services. For more information about HBI’s hotel listings or to become a broker or affiliate member, visit www.hbihotels.com.
For more information contact:
Joseph P. Kennedy, President
Crystal Investment Property, LLC
Glenda J. Webb, Managing Director
Hotel Brokers International
Kansas City, Missouri