CIP Brokers Sale of Seaside’s Inn at the Shore
Joseph Kennedy of Crystal Investment Property represented the seller in the $3.1 million transaction.
By Anca Gagiuc, Associate Editor
Inn at the Shore Seaside
Portland, Ore.—Portland-based Crystal Investment Property LLC, a member of Hotel Brokers International, announced it has sold the Inn at the Shore in Seaside, Ore., for $3.1 million. Further details about the transaction were not disclosed.
Joseph Kennedy, president of CIP, exclusively represented the seller. “We enjoyed tremendous interest in this nicely updated hotel with phenomenal location over the course of our term marketing it and were pleased to be able to put together a well-qualified and experienced Buyer who truly appreciates its special appeal and long term potential,” he said in a prepared statement.
The 18-key property is oceanfront and beachfront, located at 2275 S. Promenade, in close proximity to the attractions of Seaside and 90 minutes from metro Portland.
Image courtesy of Crystal Investment Property
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