Hilco Real Estate Sales has announced that October 30, 2024, will be the qualifying bid deadline for the 78-room Lighthouse Inn at Aransas Bay, located at 200 South Fulton Beach Road in Rockport, Texas. This Chapter 11 bankruptcy sale is pending approval from the United States Bankruptcy Court for the Southern District of Texas, Corpus Christi Division. It presents a unique opportunity to acquire a fully operational asset, complete with an experienced staff.

Situated on 2.056± acres along the picturesque southwestern Texas Gulf Coast, this waterfront property is an attractive option for hospitality operators, investors, and redevelopers. The 49,084± SF hotel offers ample meeting and event spaces, a full-service restaurant and bar with bay views, a fitness room, private pier access, an outdoor pool, garden area, grilling space, and 82± surface parking spots. Fully renovated in 2018, this independent hotel holds significant potential to become the area’s premier waterfront hospitality destination.

Located approximately 30 miles northeast of Corpus Christi, the property is easily accessible via State Highway 35 on Fulton Beach Road, at the gateway to Fulton Harbor. Corpus Christi’s robust economy, driven by its port activities, energy, manufacturing, and logistics industries, coupled with steady population growth, makes the area ideal for investment. Additionally, Corpus Christi’s popularity as a tourist destination with its beaches, waterfront attractions, and cultural sites, supports a thriving hospitality market. Rockport, known for its fishing, art scene, restaurants, and Texas’ only Blue Wave Beach, further enhances the appeal of this property. With rising travel demand following the pandemic recovery, this is an excellent opportunity for operators to capitalize on increasing hotel occupancy and hospitality services.

Stephen Madura, senior vice president at Hilco Real Estate Sales, stated, “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. 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.”

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.”

The post Hilco Real Estate Unveils Lighthouse Inn at Aransas Bay for Sale Through Chapter 11 Bankruptcy in Rockport, Texas appeared first on Travel And Tour World.