Crystal Investment Property, a member of Hotel Brokers International, announced the sale of the Lighthouse Inn in Florence, Ore. Crystal Investment Property exclusively represented the seller and the buyer in the sale. The final sale price is confidential.
The 27-key property is a boutique hotel in the heart of town within easy walking distance of the Siuslaw River and historic downtown center. Adjacent to Highway 101, the hotel is well located to take advantage of the high volume of travelers through the area on a year-round basis. Florence is a very popular tourism spot as well as retirement haven on the Central Oregon Coast.
“Lighthouse Inn came on the market unexpectedly due to health issues and we were pleased to be able to generate a high level of interest in a very short time for our seller," Joseph Kennedy, president of Crystal Investment Property, said in a statement. "The buyer is enthusiastic about opportunities for improving the performance of the property and future growth in the region.”
Crystal Investment Property is a hospitality investment advisory and brokerage company located in the Pacific Northwest. Crystal Investment Property represents the full spectrum of hospitality real estate owners and their experience covers all hospitality assets types, including: full-service hotels, boutique hotels, select-service hotels, limited-service hotels, as well as development projects and leasehold transactions.