PORTLAND, OR—Crystal Investment Property LLC, a member of Hotel Brokers International, has sold the Westshore Oceanfront Motel, Lincoln City, OR, a 20-key, three-story property.
Crystal Investment Property, a licensed Oregon broker, exclusively represented the seller in the sale. Joseph P. Kennedy, president of CIP, worked closely with the seller and buyer as well as lenders and other professionals, to negotiate a mutually acceptable sale. The final sale price was confidential.
“There was a great deal of interest in this exceptional oceanfront property in the heart of popular Lincoln City. The buyer is an experienced owner with a vision for re-positioning the property to suit the key demographic of the area, attracting a more upscale crowd from the Portland and Salem area,” said Kennedy. “We look forward to the upgrades and improvements the new owner will undertake and wish the seller the best as they move on to other endeavors.”