H
ilco Real Estate Sales has announced October 30, 2024, as the qualifying bid deadline for the Lighthouse Inn at Aransas Bay in Rockport, Texas. The hotel, which features 78 rooms and a range of amenities including meeting space, a restaurant, and private pier access, is being sold through a Chapter 11 bankruptcy sale subject to approval by the United States Bankruptcy Court for the Southern District of Texas.

    Located on 2.056 acres along the Gulf Coast, the property offers significant upside potential as an independent hotel with a full staff in place. The sale presents an opportunity for opportunistic hospitality operators, investors, and redevelopers to acquire a waterfront asset with strong community ties.

    Situated approximately 30 miles northeast of Corpus Christi, the hotel site benefits from the city's high-output port activity, steady population growth, and economic expansion in sectors such as energy, manufacturing, and logistics. The area is also a popular tourist destination, with access to beautiful beaches, waterfront attractions, and cultural sites.

    Stephen Madura, senior vice president at Hilco Real Estate Sales, stated that the sale of the Lighthouse Inn represents a significant milestone for the Rockport real estate market. "We anticipate that the new ownership will continue to build on the Lighthouse Inn's legacy, enhancing its offerings and contributing positively to Rockport's tourism industry."

    Bids must be received by October 30 at 5:00 p.m. (CT) and must be submitted on the Asset Purchase Agreement document available for review and download from Hilco Real Estate Sales' website. Interested bidders should review the requirements in order to participate in the bankruptcy sale process.

    For further information, please contact Michael Kneifel at (847) 201-2322 or [email protected] or Jordan Schack at (847) 504-3297 or [email protected].