White Lodging Services, a hotel developer based in Indiana, has purchased 3.5 acres in the Fort Worth Stockyards. The area attracts about 9 million visitors each year and is known for major hospitality developments, according to the Dallas Business Journal.
The newly acquired land is located at 400 East Exchange Avenue, next to the historic Armour & Company building, which now serves as U.S. Energy Development’s headquarters. The seller was an entity associated with Kairoi Residential from San Antonio. Financial details of the transaction were not disclosed in Tarrant County records.
Adjacent to the parcel are apartments called The Union at Stockyards at 601 Stockyards Boulevard. These units, operated by Kairoi, began construction last year and welcomed their first residents in May.
White Lodging has not yet decided on a specific project for the site but is considering either a hotel and restaurant or a larger mixed-use development. Conner White, vice chair and chief investment officer of White Lodging, said: “The Stockyards represent a unique intersection of history and opportunity. We look forward to contributing positively to its fabric while creating new experiences for both locals and visitors.”
This purchase marks White Lodging’s first venture into Dallas-Fort Worth in over twenty years. The company currently operates around 60 hotels and more than 50 restaurants nationwide. In Texas alone, it manages 16 premium-brand hotels and 20 independent food-and-beverage venues, with significant developments such as JW Marriott and Austin Marriott Downtown located in Austin.
The Fort Worth Stockyards have seen intense competition among developers as recent redevelopment projects have transformed it into one of the city’s most popular areas for tourism and business growth.
A partnership between the Hickman family and Majestic Realty invested $200 million in the first phase of a planned $1 billion expansion that produced Mule Alley—a corridor featuring retail spaces like Hotel Drover, an Autograph Collection property with 200 rooms. However, future plans for an additional 300,000 square feet of retail and hospitality space face uncertainty due to ongoing litigation involving Majestic Realty executives.
White Lodging has not announced when construction will begin or what final form its project will take but indicated that any new development would join other efforts aimed at maintaining the district’s status as a leading destination within Fort Worth.
