Anybody wanna buy a wreck?
Thursday, Jul 30, 2026 - Posted by Rich Miller
* In my opinion, this hotel was needlessly run into the ground and then was mysteriously rendered inoperable and uninhabitable. So, I’ll volunteer to buy it if they promise to first tear it down and give me $20 million. Press release…
Hilco Real Estate, LLC, a practice of Hilco Global–a diversified financial services company that delivers expert professional services and capital solutions to help clients maximize value and drive performance across the business lifecycle, announces September 15 as the bid deadline of the bankruptcy sale of the former Wyndham City Centre, a landmark, full-service hotel located at 700 E. Adams Street in the heart of downtown Springfield, Illinois.
The property spans an entire city block and is improved with a prominent 31-story hotel tower totaling 374,200± SF, making it one of the largest hospitality assets in the Springfield market. Originally constructed in 1972, the hotel features 369 guestrooms and 27 apartments, an extensive amenity package including a restaurant, lounge, café, indoor pool, fitness center and business center, as well as adjacent structured parking. A rooftop communications lease generates monthly revenue of $12,000+, available separately from the real estate.
The property’s approximately 50,000± SF of meeting, banquet and event space position the asset to accommodate conventions, government functions, corporate meetings, association events, weddings and other social gatherings. This combination of extensive guest accommodations and large-scale event facilities creates a compelling opportunity for hospitality investors, owner-operators and redevelopment groups.
What’s your bid?
- fs - Thursday, Jul 30, 26 @ 11:02 am:
31 stories that sustained heavy water damage and has since sat sealed up for a few years…yeah I’m gonna need to deep dive into the interior condition before making any bid above zero. Something tells me the inside might look like the upside down world in Stranger Things. The potential mold +the leases for communication towers will complicate both anyone renovating it and anyone trying to demolish it. Until proven otherwise, that property is a lose/lose right now.
- DuPage Saint - Thursday, Jul 30, 26 @ 11:02 am:
Any chance Cellini picks it up?,
- Resident Zillenial - Thursday, Jul 30, 26 @ 11:05 am:
“a diversified financial services company that delivers expert professional services and capital solutions to help clients maximize value and drive performance across the business lifecycle”
Check this word salad for cyclospora
- Downstate Surveyor - Thursday, Jul 30, 26 @ 11:05 am:
Cellini’s in Italy. Maybe he could find some Goodfella investors over there…..
- Bored Chairman - Thursday, Jul 30, 26 @ 11:07 am:
Tear that monstrosity down! Build a tastefully designed and landscaped mixed-use development to beautify the city, add quality housing stock, and bring more people downtown 24/7.
- Ducky LaMoore - Thursday, Jul 30, 26 @ 11:08 am:
“So, I’ll volunteer to buy it if they promise to first tear it down and give me $20 million. ”
Is that you, Kevin Warren?
- Irreverent - Thursday, Jul 30, 26 @ 11:08 am:
I’ll put in fourteen dollars and 6 full grams of pocket lint
- Flyin' Elvis'-Utah Chapter - Thursday, Jul 30, 26 @ 11:10 am:
Man, the hours I spent in that building during contract negotiations.
The street-level bar was nice, twenty odd years ago. The patrons didn’t look at you sideways if you walked in wearing jeans.
The car ramp in the parking garage was tighter than a duck’s rear end.
- fs - Thursday, Jul 30, 26 @ 11:11 am:
==Is that you, Kevin Warren?==
Quick, someone draw up a plan for a stadium on this+county parking lot blocks, in exchange for losing their restaurant, it could be named Saputo’s Memorial Stadium
- Glengarry - Thursday, Jul 30, 26 @ 11:17 am:
I remember bits of a long night where I was walking by the parking garage and the attendant was watching something terrible so I changed the channel for him and said you’re welcome.
- Team Sleep - Thursday, Jul 30, 26 @ 11:18 am:
So many good memories there: conferences, smoking cigars in the top floor lounge, Nick & Nino’s and the other top floor restaurants, and meeting friends for coffee at the non-Starbucks Starbucks. What a shame.
- Rich Miller - Thursday, Jul 30, 26 @ 11:23 am:
===So many good memories there===
Same. And my barber had been in that building since before the hotel actually opened.
I gave a speech there several years ago and I joked that I had looked in the mirror that morning and realized I was in dire need of a haircut. Luckily, I said, my barber is on the first floor. Pat was able to get me in, so I was in his chair as audience members started filing out to go to the Statehouse, waving at me as they went by and then some waving at me outside his big window, which faced 7th St.
So much has been lost downtown. I try not to think of it because it’s just so depressing.
The last mayor who gave a whit about the sandbox was Davlin. Miss that guy.
- Indoor Gardener - Thursday, Jul 30, 26 @ 11:25 am:
As a downtown resident, I offer them a down payment on a wrecking ball.
On another note, city employees, myself and downtown visitors have been using the parking garage as free parking, and the city still gives parking tickets for violations of signage on the first floor. I wonder if the city can keep the garage?
- thisjustinagain - Thursday, Jul 30, 26 @ 11:31 am:
You couldn’t pay me to take it. The second your name is on those papers, you’re liable for headaches you may not even know about. Including asbestos pipe insulation, floor tile, and ceiling tile. And that tower sticks out like a proverbial sore thumb around those shorter buildings.
- Team Sleep - Thursday, Jul 30, 26 @ 11:34 am:
Davlin was the best. He was not only a great mayor but an overall good dude. He would have never let downtown fall off the way it has.
- hisgirlfriday - Thursday, Jul 30, 26 @ 11:40 am:
Can they make it a package deal with the water-logged uninhabitable Chase Bank building in Peoria’s downtown?
- Stones - Thursday, Jul 30, 26 @ 11:40 am:
I remember when it was built. There was a great restaurant on the rooftop and a cool speakeasy on the ground floor. It was and innovative building at the time but was plagued by noise issues (piping not secured inside the walls as the building swayed). I believe is was called the Hilton Forum 30 at the time.
- Occasionally Moderated - Thursday, Jul 30, 26 @ 11:43 am:
Well, it’s no Baymont but I think it could work.