Dive Brief:
- The Crescent Hotel, Fort Worth will open to guests in late summer 2023, Crescent Real Estate announced Tuesday.
- The hotel is the latest property in the Denver-based company’s portfolio. It will be the first luxury hotel in Fort Worth’s Cultural District.
- The opening comes as real estate in Fort Worth, Texas, takes off. The city is America’s fastest-growing, with $2.3 billion of projects under construction or in the pipeline, The Wall Street Journal reported this week.
Dive Insight:
Commercial real estate investment is skyrocketing in Fort Worth, as well as in the greater Dallas-Fort Worth metropolitan area, according to the Journal article. Elsewhere in the region, Florida-based commercial real estate firm Driftwood Capital acquired the 299-room Hilton Dallas/Plano Granite Park, the company announced last week. And Dallas-based companies NewcrestImage and Coury Hospitality partnered last month to acquire and develop more hotels in the luxury lifestyle space.
The 200-room Crescent Hotel features 12 luxury suites and a grand ballroom. Design prioritizes “simple elegance and comfort” with marble accents; guest rooms will have local artwork as well an “ample workstation,” according to the announcement. In addition to its grand ballroom, the hotel offers an 8,000-square-foot courtyard with a custom climate-controlled tent for events and weddings.
The hotel is near Fort Worth cultural destinations including The Modern Art Museum, Dickies Arena and the Kimbell Art Museum. OZ Architecture and Rottet Studio designed the five-story building.
The property also focuses on cuisine and art inspired by the local area. “The Crescent Hotel will deliver a local experience," said owner John Goff. "From thoughtful on-property programming and culinary experiences and partnerships with renowned local museums and attractions to a curated art program inspired by international as well as local artists, the hotel experience will serve as Fort Worth's living room — an extension of the inspired surrounding areas."
The hotel’s on-site Mediterranean restaurant, Blue Room at Emelia’s, will feature produce from local farms led by Executive Chef Preston Paine of Food Network fame. The property also contains a lobby lounge and rooftop bar with craft cocktails. In October, the Canyon Ranch Wellness Club — another asset in parent company Crescent Real Estate’s hospitality portfolio — will add a fitness center and spa to the hotel.
The Crescent Hotel is opening in partnership with Connecticut-based HEI Hotels & Resorts and is part of a larger, mixed-use development named The Crescent, Fort Worth, valued at $275 million, according to the Wall Street Journal. The development has 170,000 square feet of office space and 167 luxury apartments.
