Exciting Real Estate Opportunity: Lighthouse Inn Bankruptcy Sale
Lighthouse Inn at Aransas Bay: A Unique Opportunity
Hilco Real Estate Sales has announced an exciting opportunity for investors and operators with the Lighthouse Inn positioned at Aransas Bay. This event centers around the upcoming bankruptcy sale, which offers a significant potential for a lucrative acquisition. The property boasts 78 rooms and is situated on 2.056 acres of pristine waterfront, perfect for those looking to enter or expand in the hospitality sector.
Property Features and Amenities
This attractive hotel features a total space of approximately 49,084 square feet. Guests are welcomed to ample meeting and event areas, a full-service restaurant and bar that provides stunning bay views, a fully equipped fitness center, private pier access, an outdoor pool, and a beautiful garden. Additionally, there are 82 surface parking spaces available, ensuring convenience for guests and visitors alike.
Potential for Growth
Recently renovated in 2018, the Lighthouse Inn presents a wealth of upside potential as it seeks new ownership. Given the ongoing resurgence in travel demand, particularly post-pandemic, the operational hotel stands as a promising investment opportunity in the vibrant hospitality market of south Texas.
Strategic Location Advantage
Located roughly 30 miles northeast of Corpus Christi, the Lighthouse Inn stands at the gateway to Fulton Harbor, just off State Highway 35. The region has seen consistent growth in population and economic activity, driven by sectors like energy and logistics. It is also a favored tourist destination due to its stunning beaches and engaging cultural sites, further supporting the local hospitality sector.
A Community Mainstay
Stephen Madura, senior vice president at Hilco Real Estate Sales, commented on the sale, emphasizing the significant impact of the Lighthouse Inn on the Rockport community. The hotel has long been cherished for its charm and unique appeal, attracting visitors year-round. He expressed optimism that the new owners would honor the property’s legacy while enhancing its offerings.
Terence Rochford, J.D., executive vice president, echoed this sentiment, highlighting the hotel's strategic standing and the positive contribution its new management could make to the local tourism industry. The sale is contingent on Bankruptcy Court approval in a proceeding labeled In re: Heritage Hotels Rockport LLC.
Sale Process Details
Prospective bidders are encouraged to submit bids by the established deadline, which is set for 5:00 p.m. (CT) on October 30. Interested parties can find the necessary Asset Purchase Agreement (APA) document for review on Hilco Real Estate Sales' official website. It is crucial for bidders to comprehend the requirements to participate in this unique bankruptcy sale.
Contact for More Information
For those seeking further details about the sale process or the property itself, contact Michael Kneifel at (847) 201-2322 or Jordan Schack at (847) 504-3297. The team at Hilco Real Estate Sales is eager to assist potential bidders in navigating this significant investment opportunity.
About Hilco Real Estate Sales
Hilco Real Estate Sales specializes in optimizing real estate assets for clients, focusing on improving cash flow, maximizing the value of assets, and minimizing risks associated with portfolio management. The experienced team has successfully secured billions in value for clients, demonstrating expertise in complex transactions, strategic asset management, and capital optimization.
With over two decades of experience, Hilco Real Estate Sales remains committed to guiding clients through challenging market environments, helping them identify the best options for their real estate portfolios.
Frequently Asked Questions
What is the Lighthouse Inn and where is it located?
The Lighthouse Inn is a 78-room hotel located at Aransas Bay, renowned for its beautiful waterfront setting and vibrant hospitality offerings.
What are the key features of the Lighthouse Inn?
The Inn includes meeting spaces, a full-service restaurant, a fitness center, and an outdoor pool, among other amenities.
When is the bidding deadline for the Lighthouse Inn sale?
Bids must be submitted by 5:00 p.m. (CT) on October 30.
How can I participate in the bankruptcy sale?
Interested participants should review the Asset Purchase Agreement document and ensure they meet all bidding requirements outlined by Hilco Real Estate Sales.
Who can I contact for more information on the sale?
For further details, contact Michael Kneifel at (847) 201-2322 or Jordan Schack at (847) 504-3297.
About The Author
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