Representing the Buyer and Seller of this Updated Franchise Economy Motel Near High-Tech Development
Crystal Investment Property, LLC, (“CIP”) a member of Hotel Brokers International, announced the successful sale of the America’s Best Value Inn in Boardman, Oregon. CIP, a licensed Oregon brokerage, represented the Buyer and 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.
Newly converted America’s Best Value Inn franchise. Property is located on Interstate 84, and within proximity to both downtown Boardman, and multiple Amazon Data Centers, as well as on-going regional economic development. This exterior corridor economy property offers easy access to both trucks & RVs and is walking distance to nearby restaurants. The motel room mix includes Queen Singles, Queen Doubles, and Queen Suites, with both showers and baths. The nearby Port of Morrow, Columbia River, and Pendleton Round-Up ensure year-round business and leisure travelers.
Joseph Kennedy, President of CIP said, “We’re pleased to have helped the Buyer and Seller, both repeat clients, achieve their portfolio goals with the sale of America’s Best Value Inn Boardman. We worked swiftly to complete the transaction before the Buyer’s loan deadline. I’m proud that my team and I continue to surpass expectations for our clients even during a challenging year. We look forward to the success of the Buyer and to the new projects in the Seller’s future.”
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 https://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. HBI is the founder and administrator of the Certified Hotel Broker program – the industry’s only professional designation for Hotel Brokers. 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.
Joseph P. Kennedy, CHB / President
Crystal Investment Property, LLC
Glenda J. Webb, Executive Director
Hotel Brokers International
Kansas City, Missouri