Yakima, WA GuestHouse Inn & Suites Sold for $2.1M
Tuesday July 1st, 2014 - 9:37AM F
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KANSAS CITY, MO—Crystal Investment Property, LLC, a member of Hotel Brokers International, has brokered the sale of the GuestHouse Inn & Suites in Yakima, WA, for $2.1 million.
The two-story, 50-key property was sold on behalf of Emerald Holdings, LLC, and was built in 1998 as an independent hotel. It was converted to a GuestHouse Inn & Suites in early 2013. The property will continue to operate as a GuestHouse Inn & Suites.
"The Pacific Northwest region remains very attractive to investors and a strong agricultural hub, like the Yakima Valley, offers strong demand drivers year round. We had positive response from quite a number of buyers and feel that, given the competitive nature of the interest in the property, we were able to secure a top market price for the seller," stated Joseph Kennedy, president of Crystal Property.
Tags: Crystal Investment Property • Guesthouse • Emerald Holdings • Hospitality • Brokers •
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