The Lighthouse Inn at Aransas Bay, a charming 78-room hotel nestled along the picturesque southwestern Texas Gulf Coast, is set to change hands. Hilco Real Estate Sales has announced that October 30, 2024, will be the qualifying bid deadline for this waterfront property, marking a significant moment in the Rockport real estate market.
This Chapter 11 bankruptcy sale, pending approval from the United States Bankruptcy Court for the Southern District of Texas, Corpus Christi Division, presents a unique opportunity for potential buyers. The property boasts a prime location on 2.056± acres, offering breathtaking bay views and a host of amenities to attract both travelers and locals alike.
The 49,084± square foot hotel, fully renovated in 2018, features ample meeting and event spaces, making it an ideal venue for conferences, weddings, and other gatherings. A full-service restaurant and bar with captivating bay views provides the perfect setting for dining and relaxation. The property also includes a fitness room, private pier access, an outdoor pool, a garden area, grilling space, and 82± surface parking spots.
The Lighthouse Inn’s location adds to its appeal. Situated just 30 miles northeast of Corpus Christi, the property is easily accessible via State Highway 35 on Fulton Beach Road. Corpus Christi’s robust economy, fueled by its port activities, energy, manufacturing, and logistics industries, makes the area an attractive investment destination. Adding to the allure, the city’s popularity as a tourist destination with its stunning beaches, waterfront attractions, and cultural sites, supports a thriving hospitality market. Rockport, known for its fishing, vibrant art scene, delectable restaurants, and Texas’ only Blue Wave Beach, further enhances the property’s appeal.
Stephen Madura, senior vice president at Hilco Real Estate Sales, highlighted the property’s significance, stating, “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, echoed this sentiment, adding, “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.” With rising travel demand following the pandemic recovery, this auction offers a prime opportunity for operators to capitalize on the burgeoning hospitality industry and make the Lighthouse Inn a flourishing destination once again.
