FORT WORTH, Texas — This story was originally published by our content partners at the Dallas Business Journal. You can read the original version here.
The development firm behind Mule Alley and Hotel Drover in the Fort Worth Stockyards could be gearing up for a major renovation to the historic Stockyards Hotel nearby.
Fort Worth Heritage Development Co., a joint venture of Majestic Realty Co. and the Hickman Cos., bought the Stockyards Hotel building in 2022, including restaurant H3 Ranch and Booger Red's Saloon.
Now, according to a filing with the state, Majestic is planning to remodel the 26,500-square-foot hotel at 109 E. Exchange Ave., near the sign at the western entrance to the cultural and retail destination.
The project, expected to begin Jan. 15 and end July 15, 2026, will demolish the interior and remodel the hotel's rooms, include a new front canopy and renovated exterior patio and add revised public spaces, according to a filing with the Texas Department of Licensing and Regulation. The filing lists an estimated cost of $20 million. The information in such filings is often preliminary and subject to change but provides an early indication of construction plans.
Kayla Wilkie, Majestic's director of design and development for lifestyle and hospitality, declined to comment.
Dallas-based Nunzio Marc DeSantis Architects is listed in the filing as the project's design firm.
The hotel has 42 rooms and 10 suites, according to its website. Room rates range from $199 to $399 a night.
Through the decades, the Stockyards Hotel building hosted a variety of historic and famous figures, from notorious outlaws Bonnie Parker and Clyde Barrow to country music legend Willie Nelson. Businessmen Marshall Young and Tom Yater acquired and renovated building in 1982, and reopened it as the Stockyards Hotel in 1984, according to the hotel's website.
Majestic and its partners are preparing for a $630 million expansion of the Stockyards, set to include adding 300,000 square feet of new commercial space. The same companies engineered the $175 million first phase that included the additions of Shake Shack, Hotel Drover and a renovated Mule Alley to the Stockyards.
Majestic estimates the Stockyards attracts 9 million people a year, a major increase from 2014, when it attracted 3 million people.
