Crystal Investment Property, LLC (“CIP”), member of Hotel Brokers International, announced the successful sale of the Outlook Inn and Water’s Edge Suites in Eastsound, Washington.
CIP, a licensed Washington brokerage firm, represented the seller in the sale of this award-winning Orcas Island property. The new investment entity includes the original owners, the Farish family, as well as another family with deep ties to the Orcas community.
The Outlook Inn, New Leaf Cafe and Water’s Edge Suites are now part of the prestigious Columbia Hospitality management portfolio. This transition secures its place among Pacific Northwest hospitality royalty, such as Friday Harbor House, Salish Lodge & Spa and The Inn at Langley.
Joseph P. Kennedy, President of CIP, and the CIP team worked closely with the buyer, seller and other party professionals to negotiate a mutually agreeable sale. The final sale price is confidential.
Outlook Inn is a 41-key, upscale, self-catering, full-service hotel located in the center of Eastsound Village on Washington’s famed Orcas Island. This historic hotel comprises three buildings with water views and beach access. The hotel features the New Leaf Cafe, a gourmet farm-to-table restaurant with outdoor seating and a full bar. Additionally, the Outlook Inn offers flexible ceremony and reception spaces, gardens with a chapel, and catering. Suites include gas fireplaces, kitchenettes, and two-person Jacuzzi tubs.
The sale also included the new Water’s Edge suites. These five modern luxury accommodations are the closest suites to the water’s edge in the San Juan Islands, each with stunning views of Fishing Bay, Indian Island, and beach access. All rooms are within walking distance of the heart of Eastsound Village.
Joseph P. Kennedy, President of CIP, said, “We were thrilled to bring the Farish family together with a strong investment group and have Columbia Hospitality lead the operations. The Outlook Inn, New Leaf Cafe and Water’s Edge Suites are testament to the tradition of excellence, service and quality that visitors to the Pacific Northwest know and trust. A property of this caliber is a perfect fit for Columbia Hospitality’s portfolio. We look forward to a long and fruitful partnership.
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