HILCO REAL ESTATE SALES ANNOUNCES LIGHTHOUSE INN AT ARANSAS BAY AVAILABLE THROUGH BANKRUPTCY SALE IN ROCKPORT, TEXAS
Txylo.com/10288475
Trending...
- Robert Maloy Announces Candidacy for City Council in Windcrest
- Bug Busters Celebrates 40 Years in the Pest Control Industry
- Governor Abbott Touts Texas Crime Stoppers' Success At 35th Annual Conference In Waco
NORTHBROOK, Ill., Sept. 26, 2024 ~ Hilco Real Estate Sales has announced that the qualifying bid deadline for the 78-room Lighthouse Inn at Aransas Bay, located in Rockport, Texas, will be on October 30, 2024. This waterfront property, situated on 2.056± acres along the scenic southwestern Texas Gulf Coast, presents a unique opportunity for opportunistic hospitality operators, investors and redevelopers.
The hotel features ample meeting and event space, a full-service restaurant and bar overlooking the bay, a fitness room, private pier access, an outdoor pool, garden area, grill space and 82± surface parking spaces. It was fully renovated in 2018 and is currently operating with a full staff in place. With its prime location and recent renovations, this independent property has significant potential to become the premier waterfront hospitality hotel in the area.
Located approximately 30 miles northeast of Corpus Christi, the Lighthouse Inn is easily accessible off State Highway 35 on Fulton Beach Road at the entrance to Fulton Harbor. The surrounding area is known for its high-output port activity and steady population growth in sectors such as energy, manufacturing and logistics. Additionally, its appeal as a popular tourist destination with access to beautiful beaches, waterfront attractions and cultural sites provides a strong foundation for the hospitality sector.
More on Txylo.com
The ongoing recovery from the COVID-19 pandemic has seen increased travel demand which is expected to continue and boost hotel occupancy and other hospitality services. Rockport is particularly known for its fishing, art community, restaurants and being home to the state's only Blue Wave Beach.
According to Stephen Madura, senior vice president at Hilco Real Estate Sales: "The sale of the Lighthouse Inn represents a significant milestone for the Rockport real estate market. This property has long been a beloved fixture in the community offering charm and unique appeal that attracts both locals and tourists." He also anticipates that new ownership will continue to build on the Lighthouse Inn's legacy, enhancing its offerings and contributing positively to Rockport's tourism industry.
Terence Rochford, J.D., executive vice president of business development at Hilco Real Estate Sales, added: "As we move forward, we're optimistic that the new owners will leverage its strategic position and strong community ties to further elevate the property's appeal and contribute to Rockport's tourism industry."
More on Txylo.com
The sale is subject to Bankruptcy Court Approval of the United States Bankruptcy Court for the Southern District of Texas, Corpus Christi Division, In re: Heritage Hotels Rockport LLC, Case No. 24-20201 (MI). Interested bidders must submit their bids on or before the deadline of October 30 at 5:00 p.m. (CT) using the Asset Purchase Agreement (APA) document available for review and download from Hilco Real Estate Sale's website.
For those interested in participating in the bankruptcy sale process, Hilco Real Estate Sale's website provides all necessary requirements. For further information on the property, sale process, and terms or to obtain access to due diligence documents, please visit HilcoRealEstateSales.com or call (855) 755-2300. Michael Kneifel can also be contacted at (847) 201-2322 or Jordan Schack at (847) 504-3297 for any additional inquiries.
The hotel features ample meeting and event space, a full-service restaurant and bar overlooking the bay, a fitness room, private pier access, an outdoor pool, garden area, grill space and 82± surface parking spaces. It was fully renovated in 2018 and is currently operating with a full staff in place. With its prime location and recent renovations, this independent property has significant potential to become the premier waterfront hospitality hotel in the area.
Located approximately 30 miles northeast of Corpus Christi, the Lighthouse Inn is easily accessible off State Highway 35 on Fulton Beach Road at the entrance to Fulton Harbor. The surrounding area is known for its high-output port activity and steady population growth in sectors such as energy, manufacturing and logistics. Additionally, its appeal as a popular tourist destination with access to beautiful beaches, waterfront attractions and cultural sites provides a strong foundation for the hospitality sector.
More on Txylo.com
- Bringing Hope and Healing to Amarillo: The Hope & Healing Place Presents "Hope for the Holidays"
- DAISO NEW STORE OPENING IN EL PASO, TEXAS
- Governor Abbott Congratulates Tyler As Third Tourism Friendly Texas Certified Community
- 5 Questions to Ask a Commercial Window Cleaning Company in Los Angeles, CA Before Hiring Them
- Breaking Ground and Forging Partnerships: Recap of Paper Industry's Participation in Drupa Expo and Future Endeavors
The ongoing recovery from the COVID-19 pandemic has seen increased travel demand which is expected to continue and boost hotel occupancy and other hospitality services. Rockport is particularly known for its fishing, art community, restaurants and being home to the state's only Blue Wave Beach.
According to Stephen Madura, senior vice president at Hilco Real Estate Sales: "The sale of the Lighthouse Inn represents a significant milestone for the Rockport real estate market. This property has long been a beloved fixture in the community offering charm and unique appeal that attracts both locals and tourists." He also anticipates that new ownership will continue to build on the Lighthouse Inn's legacy, enhancing its offerings and contributing positively to Rockport's tourism industry.
Terence Rochford, J.D., executive vice president of business development at Hilco Real Estate Sales, added: "As we move forward, we're optimistic that the new owners will leverage its strategic position and strong community ties to further elevate the property's appeal and contribute to Rockport's tourism industry."
More on Txylo.com
- alwaysAI Partners With Eagle Eye Networks to Deliver Advanced Computer Vision Applications Across Enterprises
- Oodles of Doodles Introduces Mitchell Krupp as Board Advisor
- RTIC Outdoors Revamps Entire Drinkware Line With Ceramic Lining And Enhanced Upgrades For Taste And Performance
- Iris Energy Limited Class Action: Levi & Korsinsky Reminds Iris Energy Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of December 6, 2024 - IREN
- Get an Online Handicap Parking Placard in Los Angeles: HandicapMD.com Revolutionizes Access to Handicap Placards
The sale is subject to Bankruptcy Court Approval of the United States Bankruptcy Court for the Southern District of Texas, Corpus Christi Division, In re: Heritage Hotels Rockport LLC, Case No. 24-20201 (MI). Interested bidders must submit their bids on or before the deadline of October 30 at 5:00 p.m. (CT) using the Asset Purchase Agreement (APA) document available for review and download from Hilco Real Estate Sale's website.
For those interested in participating in the bankruptcy sale process, Hilco Real Estate Sale's website provides all necessary requirements. For further information on the property, sale process, and terms or to obtain access to due diligence documents, please visit HilcoRealEstateSales.com or call (855) 755-2300. Michael Kneifel can also be contacted at (847) 201-2322 or Jordan Schack at (847) 504-3297 for any additional inquiries.
Filed Under: Business
0 Comments
Latest on Txylo.com
- Kingdom Christmas Lights Announces Professional Christmas Light Installation Services for 2024
- Integris Composites Displays New Military Armor at AUSA 2024
- Expert HVAC Upgrade Tips to Maximize Energy Efficiency
- Cynthia Hilston Announces the Release of The Apple of Erin's Eye
- le TonShé to Showcase Luxury Candles and Wax Melts at Black On The Block Dallas
- Vatican synod is opening the door a bit wider for Catholic women − Are Women Interested?
- ALLTRA SonicSwap Expands DeFi Opportunities with Weekly Listings and Global Partnerships
- ALL Mainnet Launches AUSDT Stablecoin onto the global arena
- Texas Arrests Dangerous Tren De Aragua Gang Member
- The Giving Edge: Is Leveraging Outrageous Kindness the Missing Link for Corporate ROI?
- Texas: Governor Abbott Deploys State Resources To Support South Carolina Debris Clean Up Following Hurricane Helene
- Exciting News: New Gas Station and Jack in the Box Coming Soon to Colony Ridge!
- IREN INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Iris Energy Limited Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!
- Governor Abbott Announces Navasota Designated Music Friendly Texas Certified Community
- Benchmark International Faciltd Between Storm Guardian Generators, LP & Liberty Service Partners
- Robert Maloy Announces Candidacy for City Council in Windcrest
- One Of The Largest Native American Burial Sites In The United States Moves A Step Closer To National Recognition
- Texas: Governor Abbott, THECB Launch New Tool To Streamline College Application Process
- InventHelp Inventor Develops Cute Anklets for Little Girls (HOF-572)
- Cummings Graduate Institute for Behavioral Health Studies Announces New Book: Integrated Behavioral Health: Applying the Biodyne Mindset in Healthcare