Capital Square has acquired the 99-year ground lease beneath the newly renovated luxury hotel Le M\u00e9ridien in downtown Fort Worth.<\/p>\n
The unsubordinated lease, which has 95 years left, was purchased on behalf of CS1031 Zero Coupon DFW Hospitality, DST, a Delaware statutory trust investment offering. The deal is designed for accredited investors with high debt replacement needs under Section 1031 exchanges.<\/p>\n
The hotel operates under the Marriott International brand.<\/p>\n
\u201cSection 1031 requires exchangers with debt on their relinquished property to have equal (or greater) debt on their replacement property. This DST offering is structured with high leverage for exchangers who need a solution when their relinquished property has a high level of debt,\u201d said Louis Rogers, Capital Square co-CEO, in a statement.<\/p>\n
The 14-story, 188-room hotel at 815 Commerce Street reopened in 2024 after a complete renovation. It features a restaurant, rooftop bar, convention space, ballroom, pool, fitness center, and valet services.<\/p>\n
\u201cFort Worth is one of the fastest-growing metropolitan areas in the nation,\u201d said Whitson Huffman, Capital Square co-CEO and CIO. \u201cThis acquisition delivers a unique opportunity for investors.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Capital Square has acquired the 99-year ground lease beneath the newly renovated luxury hotel Le M\u00e9ridien in downtown…\n","protected":false},"author":3,"featured_media":206773,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5138],"tags":[5229,113706,7371,11095,7372,17054,4209,113705,113704,4329,358,7453,3187,67,586,132,5230,68,2969],"class_list":{"0":"post-206772","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-fort-worth","8":"tag-america","9":"tag-capital-square","10":"tag-fort-worth","11":"tag-fort-worth-inc-staff","12":"tag-fortworth","13":"tag-hotels","14":"tag-investments","15":"tag-le-meridien","16":"tag-marriott","17":"tag-real-estate","18":"tag-texas","19":"tag-top-story","20":"tag-tx","21":"tag-united-states","22":"tag-united-states-of-america","23":"tag-unitedstates","24":"tag-unitedstatesofamerica","25":"tag-us","26":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115161201649159585","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/206772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=206772"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/206772\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/206773"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=206772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=206772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=206772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}