Representing the seller of this retro mid-century modern motel
Crystal Investment Property, LLC (“CIP”), member of Hotel Brokers International, announced the successful sale of the Ranch Motel in Oakland, Oregon. CIP, an Oregon licensed 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, as well as the other parties’ professionals, to negotiate a mutually agreeable sale. The final sale price is confidential.
The Ranch Motel is a 25-key, limited-service, outer-corridor motel located in North Oakland, Oregon. The property’s unique 1960s A-shaped cabins are visible and accessible from Interstate 5. The updated lobby and cabins feature the iconic Mid-Century Modern peaked metal roof. The property has 25 A-Frame cabins, including cabins with lofts. The motel, midway between Portland and Medford, is close to the college town of Eugene. Ranch Motel offers visitors a bit of history close to all essential services.
Joseph P. Kennedy, Chairman of CIP, said, The Ranch Motel has unique character and charm as a historic roadside motel. Thanks to our strong relationships with our clients, we knew the ideal buyer looking for exactly this type of opportunity. We look forward to tremendous success for the buyer and wish the seller well in their transition to new opportunities. »
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 range 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 the position of the most active and successful hotel broker in the region. Crystal Investment Property represents the full spectrum of hotel property owners and their experience spans all types of hotel assets, including full-service hotels, boutique hotels, select-service hotels, limited-service hotels, as well as development projects and rental transactions. Crystal Investment Property is accessible 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 HBI’s 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.
Teri G. Beck, Marketing Director
Crystal Investment Property, LLC
Glenda J. Webb, Executive Director
International hotel brokers
Kansas City, Missouri