Thursday, July 18, 2013

Colliers Offers REO Jacksonville Riverwalk Hotel in Jacksonville, FL

Wyndham Jacksonville Riverwalk Hotel, Jacksonville, FL

MIAMI, FL, July 18, 2013 - Colliers International Hotels has been retained to solicit offers for the purchase of a 322-room full service hotel in Downtown Jacksonville's vibrant Riverwalk area.

Rich Lillis
 Rich Lillis and Kent Schwarz of Colliers International are lead brokers for the 5.81-acre property at 1515 Prudential Drive, Jacksonville, Florida, 32207.
Currently operating as the Wyndham Jacksonville Riverwalk Hotel, the lender-owned REO property is located on the Southbank of the St. Johns River. Built in 1980, it includes 35,000 square feet of banquet and meeting space. The hotel is convenient to I-95 and features easy access to Jacksonville's Downtown Skyway monorail and water taxi services.

Kent Schwarz
"Unencumbered by franchise license or management agreements, Riverwalk Hotel offers an exceptional opportunity for repositioning and rebranding with a major international hotel flag in a leading Southeast U.S. city," said Rich Lillis, Executive Vice President for Colliers International Hotels.

 "The cost basis per room is favorable, and adjacent riverfront parcels, available separately for acquisition through Colliers International, create the potential for a major redevelopment on this spectacular riverfront site."

For more information on the property, go to  and/or contact Rich Lillis, EVP for Colliers International Hotels at or Kent Schwarz, EVP for Colliers International Hotels at
 For a complete copy of the company’s news release, please contact:

Crystal Proenza
Vice President of Marketing
Colliers International South Florida
Commercial Real Estate Services
Tel: 305 476 7138

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