Representing the Seller of this Midscale Franchise Located in the Heart of Wine Country
Crystal Investment Property, LLC, (“CIP”) a member of Hotel Brokers International, announced the successful sale of the Quality Inn Walla Walla in Walla Walla, 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 Quality Inn & Suites in Walla Walla, Washington is a 61 key select-service franchised midscale hotel with interior corridors. This property has been beautifully updated and features a large front desk and lobby, spacious breakfast area, business center, guest laundry, fitness center, indoor heated pool, and hot tub. Guest room mix includes a selection of Queen Single, Queen Double, Queen Double Accessible (ADA), King Single, King Single with Jetted Tub, King Family Suite with Kitchen, and King Apartment Suite with Sofa Bed and Jetted Tub. Conveniently located in the heart of Walla Walla Valley wine country, this property is highly visible with easy access to U.S. Route 12 and excellent proximity to the historic downtown, colleges, universities, galleries, restaurants, and airport.
Joseph P. Kennedy, President of CIP said, “Despite the uncertainty of the market in 2020, we were pleased to find the perfect buyer for this incredible wine country property. We were happy to be able to accomplish the goals of the Seller while helping the Buyer fulfill their 1031 exchange. We’re excited to see what the future has in store for the Seller and Buyer and wish them success in their ongoing 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 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.
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 hbihotels.com.
Teri G. Beck, Marketing Director
Crystal Investment Property, LLC
Glenda J. Webb, Executive Director
Hotel Brokers International
Kansas City, Missouri
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