The Hilco Global Real Estate Practice announces a bid deadline of September 30 by 5:00 p.m. (CT), with on-site inspections to be held by appointment only for the bankruptcy sale of this hotel.
The former Wyndham City Centre is a towering, full-service hotel located in the heart of downtown Springfield, Illinois. The property is improved with a prominent 31-story hotel tower containing 369 guestrooms and 27 apartments, and remains one of the largest hospitality assets in the Springfield market.
This property's iconic design makes it one of the region’s most recognizable buildings. The asset features an indoor pool, fitness center, retail space, large restaurant and 50,000± SF of meeting and event space. A Starbucks franchise is included, subject to the building reopening and Starbucks' approval, and a communications lease on the roof provides $12,000+ of income monthly.
With such a wide array of accommodations, the property is well equipped to host conventions, government functions, corporate meetings, weddings and social events. Adjacent structured parking rounds out the appeal, providing convenient access for guests and event attendees.
Bankruptcy Sale: U.S. Bankruptcy Court, Western District of Texas (San Antonio) Petition No. 5:26-bk-50689 In re: Tower Capital Group, LP