JLL arranges acquisition financing for Home2 Suites in Fort Worth's Cultural District

DALLAS, Jan. 20, 2026 –  JLL Capital Markets announced today that it secured acquisition financing for the Home2 Suites Fort Worth Cultural District, a 162-key extended-stay hotel strategically positioned in one of Fort Worth's most dynamic entertainment and cultural hubs.

JLL worked on behalf of the borrower, a joint venture between Ad Astra Capital and TMGOC Ventures, to secure financing through Inwood National Bank.

The Home2 Suites benefits from its prime location in Fort Worth's Cultural District, home to world-class museums, diverse dining options and the renowned Dickies Arena, a premier entertainment venue that attracts more than one million visitors annually. Major area amenities within three miles include West 7th Street's vibrant entertainment corridor, downtown Fort Worth, the Fort Worth Botanic Garden, Fort Worth Zoo, Texas Christian University, Colonial Country Club, Fort Worth's Medical District and the historic Fort Worth Stockyards.

The four-story, wood-framed property spans 108,230 square feet and was constructed in 2020 at 1145 University Drive in Fort Worth. The hotel features modern amenities including a complimentary daily breakfast, a 630-square-foot meeting space, an outdoor pool with lounging area, a 24-hour fitness center and computer access. A structured parking garage provides 162 spaces for hotel guests, while an additional 20 dedicated covered spaces serve the property's ground-floor retail space, which is being marketed by the owner for lease.

Lexima Lodging, a Wichita, Kansas-based hotel management company specializing in branded select-service and extended-stay hotels, serves as the third-party operator for the asset.

The JLL Capital Markets team was led by Senior Director John Bauman, Director Scott Dickey, Associate Jordan Buck and Analyst Charlie Mossy.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500^® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

Ad Astra Capital LLC (or “AAC”) was formed in 2024 to acquire premium-branded, select-service and extended stay hotels throughout the United States. To date, AAC’s AUM totals $130 million with a portfolio that consists of seven hotels spanning more than 600 keys across California, Kansas, Colorado and Wyoming. AAC’s founders have collectively executed nearly $6 billion of hotel and commercial real estate transactions over the last decade scaling the entirety of the capital stack.

TMGOC Ventures is a real estate and development private equity firm with more than 150 years of combined experience specializing in the hospitality and multi-family sectors. Co-founded by Sunju Patel and Glenn Alba, TMGOC Ventures was born out of an entrepreneurial spirit and is guided by an institutional mindset focused on acquiring and developing a robust hotel and residential portfolio that creates value for investors, partners and communities. TMGOC’s Portfolio consists of more than $1 billion across 20 existing and development pipeline investments, including more than 3,000 hotel keys along with opportunistic multi-family, office and retail investments.