Columbia Gorge Hotel finds a buyer

2 Jun

Good news — the historic Columbia Gorge Hotel will not go to foreclosure auction, because someone has offered to buy it — and re-open it soon. Joe Kennedy, owner and president with Crystal Investment Properties, confirmed this morning that the hotel is under contract. Out of respect for all involved parties and the fact that the deal has not yet closed, Kennedy chose not to say who the buyer is. It’s definitely no hobby hotelier, though.

“They have extensive experience in the hospitality industry,” he said.

“I also can say that they intend to re-open for the summer travel season. It’s a community landmark, and it means a lot to the buyer that this asset be open during the peak travel season.”

The hotel had been scheduled for a public foreclosure auction at 10 a.m. June 30 on the steps of the Hood River County Courthouse. That has been canceled. Kennedy could not say when close of sale would occur.

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One Response to “Columbia Gorge Hotel finds a buyer”

  1. Anais June 21, 2009 at 6:10 pm #

    I worked for the hotel the day the decision was called to shut down the doors. It was a sad day for all the employees. I’m so glad someone has enough insight to see the huge investment that CAN be the Columbia Gorge Hotel.

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