Fort Worth, TX (June 2, 2022) – Fort Worth Heritage Development Co., a joint venture of Majestic Realty Co. and the Hickman Companies, announced today the acquisition of the landmark Stockyards Hotel, H3 Ranch and Booger Red’s Saloon located in the Fort Worth Stockyards National Historic District.
“We are proud to take on this legacy property, a cornerstone of the District with its very prominent Main and Exchange location. The hotel and restaurant are now a part of our Stockyards holdings which includes the Hyatt Place Hotel and award-winning Mule Alley and Hotel Drover, an Autograph Collection resort,” said Craig Cavileer, Managing Partner for Fort Worth Heritage Development Co.
Fort Worth Heritage Development Co. is leading the revitalization of the historic district and has invested more than $200m over the past three years and is expected to invest an additional $500m over the next five years as it builds out its 70-acre holdings in the 200-acre district.
“With the opening of the Drover last year we found an entirely new customer for the Stockyards, complemented by our new Mule Alley project and we’ve hosted more than six-million visitors to the Stockyards over the past year,” said Kayla Wilkie, Director of Design and Development for Majestic Realty Co. and Fort Worth Heritage Development Co. “With our new Stockyards Hotel and H3 property we look forward to honoring its rich history while working towards a refurbishment of the hotel over the next year.”
The world-famous H3 Ranch restaurant will be closed effective immediately while refurbishment and other improvements are made to the restaurant before reopening this July.