PORTLAND, OR—Crystal Investment Property, LLC, a member of Hotel Brokers International, has brokered the sale of the Holiday Inn Express in Canyonville, OR. Crystal Investment Property, LLC, a licensed brokerage based here, exclusively represented the seller. The sale price was $6.7 million.
The fully updated 73-key hotel is located on the I-5 Freeway across from Seven Feathers Casino, south of Eugene, OR. The property offers an assortment of rooms and suites plus a business center, exercise room, indoor pool and spa.
Joseph Kennedy, president of Crystal Investment Property, said, “We were pleased to be able to generate considerable interest in the property during our time marketing it. The seller had multiple offers to consider from an array of buyers and was able to secure top dollar from a highly qualified group. We had two backup offers in place during the course of the transaction, including one at full price. We look forward to continuing to work with the seller on future acquisitions and wish the buyers much continued success with their latest property.”