Icicle Village Resort, Leavenworth, Washington

www.iciclevillage.com

This resort complex includes the 92-room Best Western Icicle Inn, J.J. Hills Restaurant and Wine Bar, Icicle Junction Activities Center, Junction Cinema, Therapeutic Touch Spa and Wellness Center, and Icicle Village Resort Condominiums (34 units), all on a 7.5-acre site in Leavenworth, WA.

Paul has been part owner and served as the property manager for the resort since the opening of the limited service, 65-room Best Western hotel in 1992.  He planned and oversaw expansion of the operation to a full-service resort complex, including development of the Junction Cinema, J.J. Hills Restaurant and Wine Bar, and Icicle Village Resort Condominiums.  The Icicle Inn consistently achieves favorable guest reviews and quality control reviews from Best Western, has a stable and empowered core management team, and very satisfied owners.   The Aspen Suites were completed within one percent of their construction cost budget.

Live Cam from the Icicle Village Resort
(Click the Image to Enlarge)

Inn at Cape Kiwanda, Pacific City, Oregon

www.innatcapekiwanda.com

This ocean view inn has 35 rooms each with a private, ocean view balcony, gas fireplace, and upgraded amenities.  The Inn also includes a coffee and espresso shop, and art gallery, leased to third parties. 

Paul M. Jinneman has been part owner of the Inn since July 2003 and took over property management responsibilities in February 2004.  Net income before management fees increased by almost $400,000 in FY July 2006 from a loss in calendar year 2002.  The market value of the Inn has doubled since July 2003.  This was accomplished through a combination of leadership changes, revenue enhancement strategies, and cost containment.  Paul now serves in an asset management role for the Inn, subsequent to formation of Kiwanda Hospitality Group (partially owned) in August 2006.  KHG serves in a property management role for the Inn, the award winning Pelican Pub & Brewery (www.pelicanbrewery.com), Shorepine Village vacation homes (www.shorepinerentals.com), and Inn at Pacific City (www.innatpacificcity) and an 18-unit fractional condominium project in Pacific City known as The Cottages at Cape Kiwanda (www.kiwandalodge.com)

.

Live Cam from the

Inn at Cape Kiwanda showing Haystack Rock
(Click the Image to Enlarge)

The Seashore Inn ... On The Beach, Seaside, Oregon

(www.seashoreinnor.com)

The Seashore Inn … on the Beach is a 54-room, oceanfront inn.  Paul took over property management duties for this 30+ year old, distressed hotel in March 1998.  Very significant capital improvements have been completed from increased income, while paying off all long-term debt and increasing distributions to owners.  Revenue has increased by 83 percent and gross operating profit by 84 percent since takeover.

Still view along the beach at Seaside, Oregon
including the Seashore Inn
(Click the Image to Enlarge)

The Palace Hotel, Port Townsend, Washington

(www.palacehotelpt.com)

Paul and a partner purchased this 100+ year-old Victorian hotel in downtown Port Townsend in May 1994 and sold the hotel at a substantial profit in April 2002.  Paul served in the property management role, helping double room revenue for the hotel during the ownership period.