Downtown Fort Worth landmark set to become hotel
December 26,2023
See full Dallas Morning News article by Steve Brown here.
A landmark downtown Fort Worth office building will be converted into a hotel.
The former XTO Energy building at 110 W. Seventh St. was built in 1910. The 11-story historical building originally was home to the First National Bank of Fort Worth.
Last year, the nearly 100,000-square-foot property sold to Dallas-based Icon Lodging, an operator and developer of hotels.
Icon Lodging plans to begin construction early next year to convert the office building into a Residence Inn hotel, according to planning documents filed with the state.
The $33 million renovation is expected to take about a year to complete. Fort Worth’s Bennett Partners is designing the project.
Jones Lang LaSalle and Transwestern arranged last year’s sale of the building — one of several properties XTO Energy owned in Fort Worth that were sold after the company was acquired by ExxonMobil.
The Seventh Street high-rise is one of several landmark downtown Fort Worth buildings being repurposed.
The 20-story WT Waggoner Building — another former XTO Energy property — was redeveloped into a 245-room hotel by Dallas Stars owner Tom Gaglardi’s Northland Properties. The Sandman Signature Hotel opened earlier this year.
And Dallas-based developer Bluelofts Inc. bought the 16-story Oil & Gas Building and 19-story Star-Telegram buildings in downtown Fort Worth with plans to convert empty offices into apartments.
With office vacancy rates in North Texas near record-highs, developers and investors are converting properties into residential, hotel and medical buildings.
Location Mentioned: Oil & Gas / Star-Telegram Building