Hilco Real Estate Seeks Bids for Bankrupt Guadalupe River Portfolio by September 22
Event summary
- Hilco Real Estate is accepting bids until September 22 for a four-property portfolio along the Guadalupe River in New Braunfels, Texas, through a Chapter 11 bankruptcy sale.
- The portfolio includes Whitewater Amphitheater (5,600-capacity concert venue), Hideout on the Horseshoe (19-cabin vacation rental), Whitewater Condos (three short-term rental units), and a commercial property featuring Andy's River Toobs and Jay & Diane's Horseshoe Grill.
- New Braunfels' tourism market attracted 6 million visitors in 2024, generating $1.3 billion in economic impact, with the city's population growing 35.5% since 2020.
- The sale is subject to approval by the U.S. Bankruptcy Court for the Western District of Texas (San Antonio Division).
The big picture
The sale of this rare Guadalupe River portfolio comes amid New Braunfels' rapid tourism and population growth, positioning the assets as a strategic play in Texas' expanding entertainment and hospitality markets. The flexibility to bid on properties individually or as a group opens the opportunity to a broad range of investment strategies, from regional operators to national entertainment conglomerates.
What we're watching
- Investor Strategy
- How bidders will balance the portfolio's diversified assets against individual property valuations.
- Market Dynamics
- Whether the Guadalupe River corridor's tourism growth can sustain the portfolio's long-term value.
- Regulatory Approval
- The pace at which the U.S. Bankruptcy Court will approve the sale and its potential impact on bidding timelines.