With a $93M bid, group wins auction for former Spirit headquarters in Broward

An entity linked to a Boston investment firm has won an auction for Spirit Airlines’ former Broward County corporate headquarters, one of its most valuable assets.

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DPC HoldCo LLC, an affiliate of Hill City Capital in Boston, made a winning offer of $93.25 million in cash. That was slightly up from its earlier bid in July of $88 million.

The auction took place Aug. 11 at the now defunct airline’s former headquarters, 1731 Radiant Dr.

The results were revealed in a notice of auction results in a court filing on Aug. 12 at 8:07 p.m with the New York bankruptcy court overseeing Spirit’s case. That court will still have to approve the sale in a hearing scheduled for Aug. 19.

REM Acquisition LLC was chosen as the alternate bid.

Spirit shut down abruptly on May 2 during its second bankruptcy filing. While the airline had reached a broad framework with creditors to restructure the company, spiraling fuel costs due to the U.S. and Iran war was the final nail in the coffin, the company said then.

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As a result, 17,000 people were put out of work. More than 2,500 employees were based at Fort Lauderdale-Hollywood International Airport. Just two years earlier, the airline moved into its new headquarters in Dania Beach. Spirit was important for Broward’s economy. The carrier accounted for the most passengers at FLL in 2025.

Since it ceased flying, the company has sought to sell off assets such as coveted boarding gates it had access to across U.S. airports and some airplanes. The airline also had to return property, including many jets, to companies from which they were leased. The process is complex and ongoing.

The former headquarters, in a shopping and dining area called Dania Pointe, consists of four buildings, the main one six stories and 180,000 square feet. An adjacent building, which has a flight simulator, was used to train pilots.

Court documents indicate DPC’s offer would include all four of those buildings: the six-story main campus, a two-story ancillary building, a six-story parking garage and a two-story training center where the airline had a flight simulator.

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