$30M revamp of Stockyards Hotel, H3 Ranch begins in April
Two Fort Worth Stockyards institutions, the Stockyards Hotel and H3 Ranch, will close temporarily in early April as part of a $30 million renovation.
Stockyards Heritage Development Co., the partnership between Majestic Realty Co. and the Hickman Companies, announced their plans for the improvements on Feb. 5.
Carlos Flores, who represents the area on the Fort Worth City Council, said he was glad to see Stockyards Heritage moving forward after a pause during some management changes.
“It looks like they are back on doing the work on the Stockyards,” he said. “These upgrades are needed and will add to the portfolio of hotel options in the district.”
Kristin Assad, chief operating officer for Stockyards Heritage said in a news release the renovations will be made with “a respect for what these properties represent.”
“Stockyards Hotel and H3 Ranch are part of the fabric of the Fort Worth Stockyards, and this meaningful investment positions them to continue serving today’s travelers while honoring their role in the district,” she said.
The Stockyards Hotel, 109 E. Exchange Ave., opened in 1907 and was restored at least once, in 1982. It is expected to reopen in early 2027. The hotel has a Bonnie and Clyde Junior Suite where the famous gangsters stayed in 1933, according to local lore.
The H3 Ranch upgrades will focus on the kitchen and back-of-house operations along with a refreshed dining room. H3 Ranch opened in 1998 as part of the hotel’s dining options.
“Stockyards Heritage Development Company has played a major role in the revitalization of the historic Fort Worth Stockyards as well as the continued evolution of the city’s Western legacy and tourism growth,” Rick H. Kline III, Majestic Realty’s president of operations for the Fort Worth Stockyards, said in a news release.
Stockyards Heritage is redeveloping the 70 acres alongside local development partner M2G Ventures. The city of Fort Worth provided $26 million in incentives for the first phase of the project.
The first phase began in 2014. Tourism in the Stockyards National Historic District increased from 3 million visitors annually to an estimated 9 million.
In June 2024, Fort Worth City Council approved $630 million in incentives for additional projects in the Stockyards.
Bob Francis is business editor for the Fort Worth Report. Contact him at bob.francis@fortworthreport.org.
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