When hotels close down there are lots of things that end up on the open market through auctions / liquidation sales and these items are usually quite popular both with the competition and the public.
Such sales and auctions are open to everyone (usually for a small admission fee) and the items for sale range from office-, fitness- and kitchen equipment to whole guest rooms.
It’s especially popular when the hotel was recently renovated and the stuff that’s on the auction block is quite new.
Since hotel furniture is very durable due to the high guest frequency it can be a pretty good investment to buy something there.
As an example let’s have a look at the liquidation sale for the former Wyndman Riverwalk Hotel, San Antonio that starts today (saw it on a friends social media last night).
Welcome to the former Wyndham Riverwalk Hotel Liquidation. The hotel has permanently closed and ICL is offering the entire contents for sale.
This particular auction charges $2 admission to participate. depending on the setup it’s either a sit in auction or a walk through of the entire property (I think it’s the latter in this case).
Here are some videos they published on the site:
If you decide to buy something the auction house has the following conditions of sale:
All Items are priced, tagged and sold on an “AS IS, WHERE IS BASIS”. Buyer is responsible for removing their purchase in accordance with ICL’S “Procedures Terms & Conditions”. Payment by Cash, Visa, MC, Wire, Guaranteed Bank Checks Only. 15% BUYERS PREMIUM + LOCAL SALES TAX ON ALL PURCHASES! No Refunds, No Exchanges, No Exceptions. PHOTO I.D. REQUIRED FOR ENTRY TO SALE.
Pretty standard as those who’ve been to a couple of these auctions realize. In the past I went to a few just out of general interest. I think the highlight was the auction of the Riviera Hotel in Las Vegas 6 years ago, that was pretty wild.
If there’s ever a hotel liquidation sale or an auction in your area I really recommend going at least once as it’s good fun and you see every part of a hotel going up for sale. Prices can be quite reasonable but even if you’re not intending to buy anything.
Should you decide to get something then the transportation is on you, people usually come with big trucks if they intend to buy large items such as furniture or kitchen/fitness equipment.