deal image
700 E Adams StSpringfield, IL 62701
Former Full-Service Downtown Hotel
Asset ClassHotel & Hospitality
Call For Offers09/15/26
On-Site Inspections: 8/11, 8/19 & 9/9
overview of deal

Overview

Bid Deadline: September 15 by 5:00 p.m. (CT)

 

Join Hilco for upcoming tours on August 11, August 19 and September 9! These inspections are by appointment only, so call to schedule yours.

 

The former Wyndham City Centre is a towering, full-service hotel located in the heart of downtown Springfield, Illinois. The property is improved with a prominent 31-story hotel tower containing 369 guestrooms and 27 apartments, and remains one of the largest hospitality assets in the Springfield market.

 

This property's iconic design makes it one of the region’s most recognizable buildings. The asset features an indoor pool, fitness center, retail space, large restaurant and 50,000± SF of meeting and event space. A Starbucks franchise is included, subject to the building reopening and Starbucks' approval, and a communications lease on the roof provides $12,000+ of income monthly.

 

With such a wide array of accommodations, the property is well equipped to host conventions, government functions, corporate meetings, weddings and social events. Adjacent structured parking rounds out the appeal, providing convenient access for guests and event attendees.

 

Property currently not operating, offering multiple redevleopment options.

 

U.S. Bankruptcy Court, Western District of Texas (San Antonio) Petition No. 5:26-bk-50689 | In re: Tower Capital Group, LP

Access the Data Room

Investment Highlights

  • Rooftop communications lease that generates monthly revenue of $12,000+
  • Indoor pool, fitness center, retail space and large restaurant
  • 50,000± SF of meeting & event space
  • Starbucks franchise available
  • Offering multiple redevelopment options & incentives available
deal gallery image
deal gallery image
deal gallery image
700 E Adams StSpringfield, IL 62701
deal image

Inquire

Listing provided by LightBox Revere