Crystal Investment Property, LLC, (“CIP”) a member of Hotel Brokers International, announced the successful sale of the Lochsa Lodge Resort in Powell, Idaho. CIP, a licensed Idaho 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.
Located on Highway 12, the Lochsa Lodge is a 19 key, four-season, upscale resort in North Central Idaho. Originally built as a hunting lodge, the property attracts outdoors enthusiasts throughout the year for hiking, biking, fishing, hunting, and countless more activities. The riverfront lodge features a Country Store and river view porch for guests. This boutique hotel also has a leased restaurant & lounge, popular with guests and locals.
Joseph Kennedy, President of CIP said, “The sale of the Lochsa Lodge in Powell, Idaho is a proud moment for our team. Finding an appropriate buyer for this property required identifying someone with unique skills and vision. With patience and hard work, we were able to bring the perfect offer to the Seller. We want to thank the Sellers for their trust in CIP throughout this process. The new Buyers' enthusiasm for this property assures that Lochsa Lodge will continue to be a great success.”
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.
Contact:
Joseph P. Kennedy, CHB / President
Crystal Investment Property, LLC
Portland, Oregon
503.530.1316
joe@crystalip.com
Glenda J. Webb, Executive Director
Hotel Brokers International
Kansas City, Missouri
816.505.4315
gwebb@hbihotels.com