Oregon broker Crystal Investment Property, a subsidiary of Hotel Brokers International, has sold the Silverton Inn in Silverton, Ore. CIP represented the seller and buyer in the hotel sale. The sale price was undisclosed.
Joseph P. Kennedy, president of CIP, worked closely with the seller, the buyer and the parties’ other professionals to negotiate a mutually acceptable sale. The 18-guestroom property is near shopping, dining, art galleries in the downtown historic district of Silverton, the capital Salem and the Portland metro region.
This is CIP's second sale of the week, as the broker just sold The Dalles Inn in The Dalles, Ore. on Monday, representing the seller exclusively in the transaction for an undisclosed price. The 64-guestroom hotel is on Highway 84 in the center of Columbia Gorge near shops, restaurants and businesses. Kennedy also negotiated the sale of this Oregon hotel.
CIP secured two other hotel sales this month. The first was the sale of the 36-guestroom Rodeway Inn and Suites in the center of Pendleton, East Oregon on Sept. 6 , with CIP representing both the seller and the buyer. The following day, CIP facilitated the sale of the Boulder Creek Inn in Donnelly, Idaho, one of the only two hotels in the city. Colorado hotel owners Chris and Annette Szczelina, who currently own the 35-guestroom Asphenalt Lodge in Basalt, Colo., acquired the 43-guestroom hotel, which was built in 2004. The new owners have already added WiFi and continental breakfast service at the hotel. The guestrooms are set to undergo various upgrades, including new bedding and furniture. Both hotel sale prices were not disclosed.