Marcus & Millichap is pleased to present an exclusive hospitality investment opportunity in Fort Worth, Texas. The Hampton Inn & Suites by Hilton Fort Worth NW is a brand-new 85-room limited-service, upper midscale hotel property located at 6401 NW Loop 820 in Fort Worth, Texas. The property is currently under construction with a planned opening date of May 2025. The five-story property will feature modern amenities such as a fitness center, business center, guest laundry, sundry shop, breakfast area, and meeting space.
Fort Worth’s Connectivity within the Thriving Dallas-Fort Worth MSA: Fort Worth, TX, is centrally located within the DFW MSA, offering strong connectivity via major highways like I-20, I-30, I-35W, and I-820. This infrastructure supports high traffic volumes and easy access to the region. The city is also approximately 26 miles from Dallas/Fort Worth International Airport (DFW), a global hub serving over 80 million passengers annually and five miles from Fort Worth Meacham International Airport which serves as North Texas’ premier corporate and general aviation facility.
The Dallas-Fort Worth Metropolitan Statistical Area (DFW MSA) is one of the fastest-growing regions in the United States. With a population exceeding 7.6 million and a robust annual growth rate, the DFW MSA is fueled by a diverse economy encompassing key sectors such as technology, finance, healthcare, and logistics.
Fort Worth’s Dynamic Growth and Workforce Anchored by Key Industries and Energy Resources: Fort Worth, Texas, is one of the fastest-growing cities in the U.S., with a 5.9% growth rate from 2020 to 2023, adding 54,866 residents. Fort Worth is located in the Barnett Shale, which covers 5,000 square miles in North and Central Texas and is one of the largest onshore natural gas fields in the U.S. There are 15,000 wells that have been drilled in the shale formation to date. The city’s economy is anchored by major employers like Lockheed Martin (6.8 miles – 18,500 employees), NAS Fort Worth Joint Reserve Base (6.5 miles – 11,000 employees), Alcon Laboratories (21.2 miles), Bell Flight Fort Worth (18.9 miles), BNSF Railway (8.7 miles), JPS Health Network/John Peter Smith Hospital (8.9 miles – 7,200 employees), Tarrant County College – Northwest Campus (3.9 miles – 47,000 students), and Fort Worth Independent School District (10.0 miles – 10,700 employees).
The property is ideally located, offering easy access to a variety of high-traffic demand generators and major attractions. Notable venues include Dickies Arena (7.3 miles – seating capacity 14,000), the Kimbell Art Museum (6.6 miles), and Bass Performance Hall (7.0 miles). The Fort Worth Stockyards (5.3 miles – 3 million annual visitors), Sundance Square (7.2 miles – 10 million annual visitors), and Colonial Country Club, home of the PGA Charles Schwab Challenge (9.1 miles) are also within a short drive, drawing millions of visitors annually. Additional nearby attractions include the Modern Art Museum of Fort Worth, the Fort Worth Japanese Garden, the Fort Worth Zoo, and the Fort Worth Water Gardens. For shopping and dining, Lake Worth Marketplace (1.5 miles) and Lake Worth Town Crossing (1.2 miles) are just minutes away.
Robust Higher Education and Healthcare Facilities: Fort Worth’s higher education institutions and healthcare facilities enhance its investment potential. Texas Christian University (TCU, 9 miles) enrolls 12,785 students, while Texas Wesleyan University (11.1 miles) has over 2,500 students. The Southern Baptist Theological Seminary (18.1 miles) serves 2,300 students, and Tarrant County College- Northwest Campus (TCC, 3.9 miles) enrolls over 47,000 students.
Four Fort Worth hospitals are considered among the best in Texas. Baylor Scott & White All Saints Medical Center (8.58 miles) has 538 licensed beds and specializes in cardiology, transplantation, oncology, and women’s and children’s services. Texas Health Harris Methodist Hospital Fort Worth (7.7 miles) has 720 beds and is recognized for its cardiology and brain tumor programs. Texas Health Harris Methodist Hospital Southwest (15.3 miles) has 261 beds, and JPS Health Network (8.9 miles) has 582 beds. Additionally, the Anne Burnett Marion School of Medicine at TCU (7.8 miles) recently opened with a 95,000-square-foot facility serving over 240 medical students.
Fort Worth Convention Center Expansion and Downtown Development: Billions of dollars in development projects are slated for the southeast corner of downtown Fort Worth over the next decade. A major expansion of the Fort Worth Convention Center (7.1 miles), estimated at $606 million, will increase meeting space and help the city compete for large events. Currently in the conceptual planning stage, formal planning will begin next year, with construction starting in fall 2026. The renovation is split into two phases and is projected to be completed by 2029. This expansion is a key driver for several other nearby projects, positioning Fort Worth as a premier destination for conventions, trade shows, and events.
Capitalize on Comfort & Convenience: Investment Potential of Hampton Inn: Hampton Inn & Suites, a cornerstone of the Hilton family, epitomizes hospitality with its commitment to guest comfort and convenience. As part of Hilton, renowned for its Hilton Honors Rewards program and expansive upper midscale and upscale portfolio, Hampton Inn & Suites stands out for its dedication to providing complimentary breakfast, well-equipped gyms, refreshing pools, in-house convenience shops, business areas, and pet-friendly accommodations. Emphasizing practical amenities and a welcoming atmosphere, Hampton Inn & Suites caters to both business and leisure travelers seeking reliable and comfortable stays.
Climbing Submarket RevPAR Highlighting Strong Investment Potential: As of September 2024, the Fort Worth CBD/I-820 West hotel submarket experienced significant growth, with the twelve-month average RevPAR increasing at an annual rate of 5.1 percent. Being the newest hotel and a highly sought-after brand in this submarket, the Hampton Inn & Suites by Hilton Fort Worth NW should be able to take advantage of the growing market resulting in a quick ramp up, and eventually achieve higher RevPAR than the competitive set.