HILCO REAL ESTATE LLC ANNOUNCES CALL FOR OFFERS DEADLINE FOR IRREPLACEABLE 430+ ACRE PRIVATE LAKE RETREAT

NORTHBROOK, Ill., June 15, 2016 -- Hilco Real Estate LLC announces August 5, 2016 as the Call for Offers deadline for the irreplaceable private retreat, Whiplash Lake Resort, in Hayward, Wisconsin. Ideally located in the second home and vacation haven of the Wisconsin Northwoods, this 430+ acre property is home to a completely private 32 acre lake, Whiplash Lake. The property boasts 430+ acres of pristine and untouched woodlands with 600+ feet of frontage along the coveted Big Spider Lake.

Whiplash Lake Resort is currently operated as a retreat specializing in corporate events, family gatherings and outdoorsmen vacations. It can currently accommodate up to 45 guests across six buildings. This resort is a stellar destination for all those looking for that secluded "Northwoods" experience. The property offers the perfect combination of significant frontage on Big Spider Lake, a premier Muskie fishing lake, coupled with substantial wooded acreage that includes its own 32- acre, fully private lake. Conveniently located just two hours northeast of Minneapolis, this property has endless possibilities. It could certainly be maintained and expanded as a resort, but it could be easily adapted to a private/family enclave or a corporate/institutional retreat.

"This Northwoods property is unique in every way", said Joel Schneider, Senior Vice President of Hilco Real Estate. "It is not often a property of this size comes to market" noted Schneider, "especially one with so much sheer natural beauty and one-of-a-kind features like a private lake as well as significant frontage on one of Northwest Wisconsin's unsurpassed fishing and recreational lakes, Big Spider."

The property also includes a "Main House", a four bedroom/four bath home, which has been used as a private residence for current ownership. But the most notable structure on the property is the "wet" boathouse built on the private, 32-acre Whiplash Lake, which has three drive-in slips, with a party room, bar, and deck overlooking the lake. These buildings give a buyer of this property the ability to immediately utilize Whiplash Lake Resort.

"Large, irreplaceable properties such as Whiplash Lake Resort are increasingly sought-after real estate, whether by individuals and families or more institutional buyers. This property is a generational opportunity," said Schneider. "Anyone looking for a secluded, Northwoods property should consider Whiplash Lake Resort."
Open house site visits for interested buyers will be conducted several times leading up to the offer deadline of August 5th.

A detailed Virtual Data Room is available for the property, containing property specific information, an explanation of the sale process, the Terms of Sale, and information on how to submit a qualified offer. To obtain access to the Virtual Data Room, please contact Ed Beck of Hilco Real Estate at 855.755.2300 or visit www.HilcoRealEstate.com.

About Hilco Real Estate
Hilco Real Estate ("HRE"), a Hilco Global company (www.hilcoglobal.com), is headquartered in Northbrook, Illinois (USA). HRE is a national provider of strategic real estate disposition services. Acting as an agent or principal, HRE uses its experience to advise and execute strategies to assist clients in deriving the maximum value from their real estate assets. By leveraging multi-faceted sales strategies & techniques, aggressive repositioning and restructuring experience, a vast and motivated network of buyers and sellers, and substantial access to capital, HRE exceeds expectations even in the most complex transactions.

Owner's Representative
Ed Beck
Hilco Real Estate, Inc.
855-755-2300
O: 847-313-4753
F: 847-714-1289
[email protected]

Media Contact:
Gary Epstein
EVP-CMO
Hilco Global
Office: 847-418-2712
Mobile: 847-323-4943
Email: [email protected]
 

CONTACT:Gary Epstein
         Chief Marketing Officer
         Hilco Global
         (847) 418- 2712
         [email protected]