SYgle>Industry Information>Lighthouse Inn, Florence, Oregon, Sold by Crystal Investment Property

Lighthouse Inn, Florence, Oregon, Sold by Crystal Investment Property

Column: industry Tag: Lighthouse Inn,Crystal Investment Published: 2017-04-01 11:55 Source: Author:

Crystal Investment Property, LLC, a member of Hotel Brokers International, announced the successful sale of the Lighthouse Inn in Florence, Oregon. Crystal Investment Property, LLC, a licensed Oregon broker, exclusively represented the Seller and the Buyer in the sale. Joseph P. Kennedy, President of CIP, worked closely with the Seller and Buyer as well as the parties’ other professionals to negotiate a mutually acceptable sale. The final sale price is confidential.

The 27-key property is a nicely kept 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.

Joseph Kennedy, President of Crystal Investment Property said, “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. The Buyer is enthusiastic about opportunities for improving the performance of the property and future growth in the region.”

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