After years of working in and with general commercial real estate brokerages throughout the Pacific Northwest, in 2004 Joseph & Michelle Kennedy, in conjunction with veteran hotel broker Robert Burkette, decided to branch out on their own. The founders positioned Crystal Investment Property as a specialty brokerage solely focused on serving the needs of hotel owners and hospitality investors in Oregon, Washington, Idaho, and Montana.
While in the years following the birth of CIP, Bob moved into a consultant role, retired in 2005, and then passed away in 2010, the founders' shared commitment and vision have persisted under Kennedy's stewardship. Joseph & Michelle Kennedy actively manage client services and operations, personally bringing over 70 years of combined experience with Investors and Owners in Hospitality and Commercial specialties.
While in the years following the birth of CIP, Bob moved into a consultant role, retired in 2005, and then passed away in 2010, the founders' shared commitment and vision have persisted under Kennedy's stewardship. Joseph & Michelle Kennedy actively manage client services and operations, personally bringing over 70 years of combined experience with Investors and Owners in Hospitality and Commercial specialties.
Services
CIP has a fundamental understanding of the hospitality industry which ranges from property sales in the various sub-markets to industry best practices to the multiple economic factors determining the true value of individual hotels and motels. This degree of knowledge allows us to advise Property Owners on maximizing their investment from an operations standpoint.
The real estate industry's only certification in hotel brokerage, the Certified Hotel Broker designation was initiated in 1994. Just as the MAI and CCIM programs raise the level of professionalism and proficiency of appraisers and commercial real estate brokers, the CHB designation distinguishes those hotel brokers who have advanced their professionalism.
HOTEL BROKERS INTERNATIONAL (Formerly HMBA: America's Hotel Broker) was founded in 1959 when nine regional brokerage offices joined forces to capitalize on the opportunities afforded by the rapidly expanding hotel industry. Today it is the largest and oldest organization of its kind with a rich heritage of experience and success in hotel real estate valuation, transactions, and other essential advisory services.
Crystal Investment Property was founded to allow us to best serve our hotel clientele with a dedicated focus on the hospitality marketplace in the Pacific Northwest. Buying and selling hotels and motels is a specialty that requires an advanced degree of business experience and expertise. Bringing this level of skill and experience to hospitality transactions is what we do exclusively.
CIP maintains a comprehensive database of properties being broadly marketed to the investment community as well as selective properties quietly for sale. Through careful review and analysis of the raw data provided by property owners, CIP arrives at independent valuations for each property on the marketplace which we represent to our clients.
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