Le Meridien Fort Worth Downtown

Sold out: the source record identifies this offering as Fully Subscribed. The sponsor’s SEC filings show the offering raising money within the past 15 months. A filing does not by itself confirm you can still buy in.

Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

The land and the landlord's position over it. Capital Square's offering materials state the Trust was formed to acquire fee-simple title to the approximately 0.92-acre site at 815 Commerce Street in Fort Worth, the ground-landlord interest in the existing long-term ground lease, and a reversionary interest in the improvements operated as the Le Méridien hotel — meaning the building reverts to the landowner when the lease ends.[1] During the lease term, the improvements belong to the ground tenant.

It is a zero-coupon structure: ground rent goes to servicing the mortgage debt instead of flowing to investors during the hold. Capital Square's brochure states that the highly leveraged property will produce no distributions to purchasers before disposition, so returns are deferred rather than paid periodically, and puts the debt at approximately $32,300,000 against a $41,530,000 investment cost.[1] Investors in such structures look to an eventual sale or refinancing, and leverage magnifies outcomes in both directions.

Not the Trust. Le Méridien Fort Worth Downtown opened on August 29, 2024 with Remington Hospitality as operator, following the complete redevelopment of the former Hotel Texas Annex.[3] Ashford Trust has reported to the SEC that it became the primary beneficiary of 815 Commerce MM — the entity that developed the hotel — on May 31, 2023 and consolidates it.[4] Lodging Magazine reported on August 6, 2026 that Remington's in-house social media team took over the hotel's accounts four months after it opened. The Trust's role is ground landlord, entitled to ground rent rather than hotel operating income.

No. That phrase describes the land being leased to one ground tenant, not guest-room occupancy, and it is a sponsor-reported description; Capital Square also warns that a default by the operator or ground tenant would adversely affect the Trust's operations.[1] Capital Square reported the ground lease as a 99-year unsubordinated lease with 95 years remaining when it announced the acquisition, with 2% annual rent escalations.[2] No independent hotel guest-occupancy data for this property was located in the exact-entity materials reviewed.

The record is mixed. Top1031's listing data marks the Offering fully subscribed, while the SEC file holds only the initial Form D, filed August 26, 2025 as a new notice and never amended, so the federal record still reflects the launch position and a $50,000 minimum investment.[5] Separately, an intermediary page from Baker 1031 updated August 11, 2026 still showed $1,962,566 of equity available — a secondary listing that no later issuer filing confirms.[6] Because those pictures differ, confirm current availability with the sponsor or your broker-dealer before naming this Trust on a 45-day exchange identification.

Capital Square states the Trust holds a reversionary interest in the improvements — the landowner's right to the building when the ground lease expires.[1] With a 99-year term and 95 years remaining as of the September 2025 announcement, that reversion sits far beyond any realistic hold for this Trust; the practical exit for investors is a sale or refinancing of the land position, and the governing terms are set out in the PPM, the private placement memorandum for the deal.[2]