Cle Elum Travelers Inn, Cle Elum, Washington Sold by Crystal Investment Property, LLC
October 6, 2014 - Crystal Investment Property, LLC, a member of Hotel Brokers International, announced the successful sale of the Cle Elum Travelers Inn in Cle Elum, Washington. Crystal Investment Property, LLC, a licensed Washington State broker, represented both parties in the sale. Joseph P. Kennedy, President of CIP, worked closely with the Seller and Buyer to negotiate a mutually acceptable sale. The final sale price was $880,000 with the Buyer planning to continue the Seller's strong track record of ongoing improvements.
Cle Elum Travelers Inn in Cle Elum, WashingtonThe 2 story, 33 key, Cle Elum Travelers Inn was built in 1932 as a resort town roadside motel and upgraded in 1997. Located at 1001 East 1st Street, the hotel is well situated in the heart of town with easy access to Interstate-90. The region offers year round recreational opportunities including downhill skiing, hiking and fishing in numerous lakes and streams yet is only 90 minutes from the Seattle Metro area.
Joseph Kennedy, President of Crystal Investment Property said, “Cle Elum, Washington, is a beautiful mountain resort town which enjoys excellent proximity to Seattle and easy access from major Metro areas throughout the region. Its ski slopes, lakes and trails coupled with boutique shops and quaint restaurants, have been favorites of upscale vacationers for decades. The property had multiple offers on it within weeks of it being brought onto the market and enjoyed strong ongoing interest from Buyers while in contract. The Seller was pleased to have a Buyer willing and able to perform quickly which allowed the transfer to take place before the busy winter season sets in!”
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