JLL Arranges Floating-Rate Refinancing for Bowie Place Properties' 106-Key Fort Worth Hotel Through MetLife Investment Management

JLL Capital Markets has arranged a floating-rate refinancing for Bowie House, Auberge Collection, a 106-key luxury boutique hotel located at 3700 Camp Bowie Blvd. in Fort Worth's Cultural District, on behalf of owner Bowie Place Properties. MetLife Investment Management provided the loan, which carries a term of up to five years, the firm announced Sept. 1, 2026.

Deal Details

Bowie Place Properties secured the floating-rate financing to refinance the 192,052-square-foot, four-story property, which opened in December 2023 as the Cultural District's first luxury boutique hotel. The total project cost for the development was approximately $40 million, reflecting development economics of roughly $377,000 to $400,000 per key — consistent with high-end urban luxury construction costs.

The JLL Capital Markets Debt Advisory team was led by Senior Managing Director Jim Curtin and Managing Director De'On Collins, along with Associate Luke Rogers and Analyst Campbell Swango. JLL's Hotels and Hospitality team included Directors Greyson Fewin and Robert Westerfield.

Property Overview

Bowie House operates under the Auberge Resorts Collection brand and comprises 88 guestrooms and 18 suites, including a 2,250-square-foot signature suite. The property features signature restaurant Bricks and Horses, The Bar at Bowie House, Ash Spa, a fitness center and an outdoor pool complex. The hotel showcases nearly 400 pieces of curated artwork throughout its interiors and offers 10,835 square feet of meeting and event space across six venues, including the 4,255-square-foot Silverton Room.

The property anchors a 30-block cultural promenade along the historic Camp Bowie Boulevard corridor and sits within walking distance of five internationally recognized museums, including the Kimbell Art Museum, the Modern Art Museum of Fort Worth and the Amon Carter Museum of American Art. Dickies Arena and the Will Rogers Memorial Center are also nearby. The Fort Worth Stockyards National Historical District, located 4.5 miles from the property, and Texas Christian University, situated 3.5 miles away, provide additional demand generators.

Since opening, Bowie House has received recognition from Condé Nast Traveler, Forbes, TIME, the Observer and WFAA, and earned two Michelin Keys. The property also served as a featured setting for the Paramount Network series Landman.

Fort Worth Hotel Market Context

The refinancing comes as Fort Worth's hotel market navigates a near-term normalization phase following strong post-pandemic rate growth. As of the third quarter of 2024, the Fort Worth hotel market posted occupancy of approximately 66.2%, an average daily rate of $132.58 and revenue per available room of $87.82. RevPAR declined 2.2% year-over-year, driven primarily by a 0.3% dip in occupancy even as ADR rose 2.5%.

Longer-term trends remain constructive. From 2016 through 2024, Fort Worth's hotel market recorded compound annual growth rates of 4.4% in ADR and 4.6% in RevPAR, with 2024 metrics settling around 66.5% occupancy, $125 ADR and $83 RevPAR. The market has approximately 21 hotels under construction expected to add roughly 2,200 rooms by 2026, with seven properties delivering 950 rooms in 2024 alone.

At the broader Dallas–Fort Worth metro level, ADR and RevPAR have exceeded pre-pandemic levels even as occupancy has lagged 2019 benchmarks. Fort Worth has been identified as one of the fastest-growing major cities in the United States, drawing luxury and lifestyle hotel development alongside population growth and corporate relocations. Institutional capital has increasingly favored Sun Belt gateway-adjacent markets like DFW, where demand drivers support luxury rate structures even as occupancy recalibrates.

About JLL Capital Markets

JLL's Capital Markets group provides capital solutions for real estate investors and occupiers globally, with more than 3,000 specialists in offices across nearly 50 countries. Services include investment sales and advisory, debt advisory, mergers and acquisitions, loan sales, equity and fund placement, net lease, derivative advisory and energy and infrastructure advisory. JLL (NYSE: JLL) reported annual revenue of $26.1 billion and operates in more than 80 countries with a global workforce of more than 112,000 as of June 30, 2026.

Sources: JLL Newsroom