Crystal Investment Property Broker selling Packwood Lodge


Packwood Lodge in Packwood, Washington

Represent the seller of this updated property with rented restaurant


International hotel brokers;

Crystal Investment Property, LLC (“CIP”), member of Hotel Brokers International, announced the successful sale of Packwood Lodge in Packwood, Washington. CIP, a licensed Washington brokerage firm, represented the seller at 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 agreeable sale. The final sale price is confidential.

Packwood Lodge is a 30-key independent, select-service hotel with a rented restaurant. The property features extensive capital upgrades, 21 updated rooms or suites, and 9 individual cabins. In addition, the property has a lobby with a breakfast room, office, laundry room, owner’s quarters and a rented restaurant adjacent to the hotel. Guest rooms and suites include flat-screen televisions, mini-refrigerators, microwaves, coffee makers, and high-speed wireless Internet access. The cabins, completed in 2019, have a kitchenette, dining area, whirlpool tub, bathroom with shower, and outdoor deck. Just 2.5 hours from the Portland and Seattle metropolitan areas, the hotel is 4 miles from the entrance to Mount Rainier National Park, which attracts visitors year-round.

Joseph P. Kennedy, President of CIP, said, “The long-term relationships with seller and buyer allowed CIP to set up a transaction quickly after putting the property on the market. This sale is a great example of how our relationships lead to a successful conclusion for our clients. The seller is happy to continue to reduce the size of his portfolio while the buyer has been able to diversify his vast regional holdings into a new market. »

About Crystal Investment Property, LLC

Crystal Investment Property, a leading hotel investment advisory and brokerage firm located in the Pacific Northwest, maintains the most advanced technology, online and social media presence, as well as a full suite of marketing traditional and web-based reaching local, regional, national and international audiences. The company’s core hotel asset acquisition/disposal services are supported by innovative and creative solutions to maintain its position as the most active and successful hotel broker in the region. Crystal Investment Property represents the full spectrum of hotel property owners. Their experience spans all types of hotel assets, including full-service hotels, boutique hotels, select-service hotels, limited-service hotels, development projects and rental transactions. Visit Crystal Investment Property online at crystalip.com.

About Hotel Brokers International

Founded in 1959, members of Hotel Brokers International lead the hotel real estate sales industry. HBI’s hotel brokerage specialists have successfully brokered over 10,000 hotel real estate transactions and consistently account for the largest share of all economy hotel sales and select services in the United States. The organization’s database currently includes over 100 property listings and the HBI website attracts 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 hotel real estate advisory services, HBI offers affiliate membership to professionals in related fields, including franchising, lending, appraisal and investment services. For more information on HBI’s hotel listings or to become a broker or affiliate, visit hbihotels.com.

Contact:

Teri G. Beck, Marketing Director
Crystal Investment Property, LLC
Portland, OR
503.530.1316
[email protected]

Glenda J. Webb, Executive Director
International hotel brokers
Kansas City, Missouri
816.505.4315
[email protected]

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