Hilco
Hilco Real Estate Announces the Sale of the Tru By Hilton Bryan College Station in Texas for $9.9 Million
Hilco Real Estate | January 5, 2023
NORTHBROOK, ILL (January 2023) – Hilco Real Estate (HRE) completed a successful sale of the Tru by Hilton Bryan College Station hotel for a total closing price of $9,900,000. Keith Worsham, senior vice president and head of the national hotel team at HRE, brokered the sale of the property on behalf of the seller, Wealth Hospitality. “Our team is happy to have helped our seller with this transaction resulting in $101,020 per key; and, at the same time, we were able to provide the buyer a new opportunity with the Hilton brand,” stated Keith Worsham. Located in Bryan, Texas, the property is well-positioned around Texas’ five major ...
With Deal Leverage Shifting to Buyers and Financial Sources, All Eyes are On Hospitality Prognosis for 2023
Keith Worsham | November 15, 2022
By Keith Worsham In this article we take a look at the shifting landscape of hospitality industry transactions as post-pandemic travel trends begin to reveal themselves and operators grapple with the ramifications of more than two years of RevPAR setbacks. A Post-Pandemic Comeback... Of Sorts Prospects for the hotel industry going into 2023 fall somewhere between somewhat rosy and risky. The hospitality industry gathered in mid-August at the 14th Annual Hotel Data Conference in Nashville, Tennessee to discuss the near-term outlook, and as the editors of Hotel News Now (HNN) shared, “Speakers…acknowledged that the industry still is...
Hilco Fixed Asset Recovery to Liquidate All Fixtures, Furniture and Equipment at the Hotel Wales in New York City in Advance of Remodeling
Hilco Fixed Asset Recovery | December 23, 2019
Many iconic and historical items to be sold at discounted prices as the upper east side boutique hotel prepares to undergo a major remodeling Hilco Fixed Asset Recovery (HFAR) has been engaged to liquidate all the fixtures, furniture, and equipment (FF&E) from the historic Hotel Wales which will be closing its doors on December 31, 2019 for a major remodeling of the Upper East Side establishment located in the prestigious Carnegie Hill neighborhood of Manhattan. On Jan 3, 2020 Hilco will host several days of private - invitation only - sales for architectural salvage companies, antique dealers, interior designers, prior hotel patron...
