In Brief: Hilco Real Estate, LLC has set a September 15 bid deadline for the bankruptcy sale of the former Wyndham City Centre at 700 E. Adams Street in downtown Springfield, Illinois.
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The former Wyndham City Centre, a 31-story landmark hotel in downtown Springfield, Illinois. – Image Credit Hilco Real Estate
The sale is subject to approval by order of the U.S. Bankruptcy Court for the Western District of Texas in San Antonio in Case No. 5:26-bk-50689, In re: Tower Capital Group, LP. Bids are due by 5 p.m. CT on September 15 and must be submitted using documents available on the Hilco Global Real Estate Sales website.
The property occupies an entire city block and includes a 31-story hotel tower totaling 374,200± square feet. Constructed in 1972, the building contains 369 guestrooms and 27 apartments.
Amenities include a restaurant, lounge, café, indoor pool, fitness center and business center. The property also includes adjacent structured parking.
The property’s approximately 50,000± square feet of meeting, banquet and event space can accommodate conventions, government functions, corporate meetings, association events, weddings and other social gatherings.
A rooftop communications lease generates monthly revenue of $12,000+ and is available separately from the real estate.
The hotel is adjacent to the Bank of Springfield Center and within walking distance of the Illinois State Capitol, numerous state government offices, the Abraham Lincoln Presidential Library & Museum and Lincoln Home National Historic Site. The property is also close to Amtrak.
Interested bidders may review participation requirements, due diligence materials and terms of sale through the Hilco Global Real Estate Sales website. On-site inspections may be requested through Jamie Coté (847) 418-2187.