Upcoming UCC Foreclosure Sale of Hotel Equipment in Texas

UCC Foreclosure Sale of Furniture and Equipment Announced

AW Properties Global is poised to conduct an upcoming UCC foreclosure sale that focuses on the furniture, fixtures, and equipment (FF&E) formerly associated with a hotel. This sale represents a significant opportunity for interested buyers to acquire essential hotel assets at competitive terms.

Details of the Sale

The auction will be held remotely via Zoom, allowing potential bidders to participate from anywhere. It's set to take place on a designated date in October, starting at 11:30 AM CST, with initial bidding beginning at just $100. The auction centers around valuable items previously utilized in the operation of the Home2 Suites by Hilton.

Collaterals Available in the Auction

The items included in this auction, collectively referred to as the "Collateral," encompass a wide range of essential hotel operating equipment. This includes but is not limited to:

• Office supplies, hospitality equipment, and various appliances
• Inventory necessary for day-to-day operations
• Intellectual property and contractual rights associated with the business
• Digital records, software, and electronic media
• Key business documentation, designs, and planning documents
• Goodwill, payment rights, and revenue streams related to hotel operations

Information for Bidders

Individuals interested in participating in the auction will need to contact the secured party’s counsel to obtain the terms of sale and detailed bidding instructions. A standard confidentiality agreement may be required for those who wish to gain access to additional information and documentation regarding the sale.

Insights from AW Properties Global

According to Diana Peterson, the CEO of AW Properties Global, there is an undeniable trend in strong investor interest toward UCC sales, which serve as a strategic platform for both investors and lenders. This particular auction not only involves furniture and equipment from a Texas hotel but also highlights the overall appeal of UCC sales across various sectors.

Future Opportunities on the Horizon

Beyond this UCC sale, AW Properties Global is set to also conduct similar auctions for high-value residential properties in another state shortly after. These residential sales reflect the company's commitment to offering a diverse range of investment opportunities.

Potential bidders who miss this hotel equipment auction should keep an eye on upcoming UCC sales, as they often cater to different sectors, making them a growing field of interest.

About AW Properties Global

AW Properties Global is an esteemed name in the realm of real estate consulting and auction services, operating from Northbrook, IL. The firm provides a comprehensive suite of services that extend from commercial and residential real estate consulting to auctioning strategies for various assets, including both real estate and business-related equipment. Their professional team blends local knowledge with a global reach, ensuring maximum value for clients.

Frequently Asked Questions

What is UCC foreclosure sale?

A UCC foreclosure sale involves the auctioning of collateral secured under the Uniform Commercial Code when an owner defaults on a loan.

Where is the auction taking place?

The auction will be conducted remotely via Zoom, allowing participants to join from their own locations.

What are the bidding requirements?

Bidders need to contact the secured party's counsel for detailed bidding instructions and to receive the terms of the sale.

Can anyone participate in the auction?

Yes, anyone interested can participate, provided they follow the required bidding instructions and register for the auction.

What types of assets are being auctioned?

This auction focuses on furniture, fixtures, and equipment used in the operation of a hotel, among other business-related assets.

About The Author

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