Hilco Real Estate Announces Bankruptcy Sale for Wyndham City Centre Hotel in Springfield
Hilco Real Estate has announced the bankruptcy sale of the former Wyndham City Centre hotel located at 700 E. Adams Street in downtown Springfield, Illinois. The bid deadline is set for September 15 and will be conducted under the supervision of the U.S. Bankruptcy Court for the Western District of Texas (San Antonio), Case No. 5:26-bk-50689. The hotel features a prominent 31-story tower, spanning over 374,000 square feet with 369 guestrooms and 27 apartments. It includes extensive amenities such as meeting spaces totaling approximately 50,000± SF, an indoor pool, fitness center, restaurant, lounge, café, business center, and structured parking. The property also generates additional revenue through a rooftop communications lease of $12,000+ per month. Jamie Coté from Hilco Global highlighted the hotel's strategic downtown location near major attractions like the Illinois State Capitol and Lincoln Home National Historic Site as key selling points for potential buyers seeking repositioning or redevelopment opportunities.
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