An Irving-based hotel company just purchased this iconic downtown Fort Worth building
An iconic downtown Fort Worth office building may soon become a new hotel.
Transwestern Real Estate Services reported Irving-based hotel company Icon Lodging purchased 110 W. 7th St. The building was most recently owned by XTO Energy Inc., a subsidiary of ExxonMobil, based in Spring. Transwestern executed the sale.
The 11-story, 101,390-square-foot office building was constructed in 1910 as the First National Bank of Fort Worth and underwent a major renovation in 2005. It still features original brass doors and bronze and aluminum accents.
In 2021, the building was valued at $11 million, according to the Tarrant Appraisal District.
Icon Lodging’s projects include the Fairfield Inn & Suites downtown, the TownePlace Suites at 3450 W. Vickery Blvd., and a Hampton Inn & Suites in Colleyville.
“ICON Lodging wanted to operate in Fort Worth’s CBD, and we concluded tat the location, architecture and history of 110 West 7th St. was unmatched, providing great potential for our client’s endeavors,” said Kirk Kelly, principal at Transwestern who, with Blake Grable, represented the buyer in the transaction.
This story was originally published March 31, 2022 at 9:46 AM.
