TMGOC Ventures and Ad Astra Capital have closed their first joint acquisition, the Home2 Suites by Hilton Fort Worth Cultural District in Fort Worth, TX.
The 162-key property is located in the Cultural District, adjacent to downtown Fort Worth and surrounded by billions of dollars in new development. The hotel is close to key demand drivers, including Dickies Arena, Will Rogers Memorial Center, Texas Christian University and numerous hospital systems. Additional nearby attractions include the Fort Worth Stockyards, Colonial Country Club, Fort Worth Zoo and several museums and performing arts theatres.
“Fort Worth continues to stake its claim as a business and economic hub, driving enormous demand from business and leisure travelers alike,” said Glenn Alba, cofounder/managing partner, TMGOC. “The Home2 Suites aligns with our strategy of identifying opportunities in markets with high barriers to entry. We are selective in where we choose to own and are grateful to partner with Ad Astra Capital in adding this property and one of the most in-demand investment markets in the country to our growing portfolio.”
The property marks the second purpose-built Home2 Suites in the TMGOC portfolio, and its first in Texas. The hotel will be managed by TMGOC partner Lexima Lodging.
