Hilco Real Estate, a subsidiary of Hilco Global, has announced 15 September as the bid deadline for the bankruptcy sale of the former Wyndham City Centre, a landmark full-service hotel located at 700 E. Adams Street, in the heart of Springfield, Illinois.
The property spans an entire city block and comprises a 31-storey hotel tower totalling approximately 374,200 square feet, one of the largest hospitality assets in the Springfield market. Built in 1972, the asset features 369 rooms and 27 apartments, along with a range of amenities including a restaurant, lounge, café, indoor pool, fitness centre and business centre, complemented by an adjoining car park. A rooftop communications (antenna) lease generates more than $12,000 in monthly revenue, available separately from the real estate.
The property’s approximately 50,000 square feet of meeting, banquet and event space can accommodate conventions, government events, corporate meetings, association events and weddings.
Located near the Bank of Springfield Center, the property benefits from a diverse demand base tied to government, convention and tourism activity. It is within walking distance of the Illinois State Capitol, numerous government offices, the Abraham Lincoln Presidential Library & Museum and the Lincoln Home National Historic Site.
The sale of this hotel is subject to approval by the U.S. Bankruptcy Court for the Western District of Texas (San Antonio), Case No. 5:26-bk-50689, In re: Tower Capital Group, LP, with bids due by 15 September at 5:00pm Central Time.
At a Glance
Former Wyndham City Centre — Bankruptcy Sale
31-story, 369-room landmark hotel plus 27 apartments in downtown Springfield, Illinois (built 1972)
~374,200 sq ft tower; ~50,000 sq ft of meeting and event space
Bid deadline: September 15, 2026, 5:00pm CT
Sale subject to approval by the U.S. Bankruptcy Court, Western District of Texas (Case No. 5:26-bk-50689, In re: Tower Capital Group, LP)
Marketed by Hilco Real Estate, LLC (Hilco Global)
