Top1031

Le Meridien Fort Worth Downtown

Hospitality property in Fort Worth, TX · sponsored by Capital Square

Sold outReported fully subscribed · latest Form D Aug 26, 2025 (opens in a new tab)

Le Meridien Fort Worth Downtown is a DST sponsored by Capital Square that owns a hospitality property in Fort Worth, TX (188 rooms). Its latest Form D, filed Aug 26, 2025, lists a $9.2 million offering with a $50,000 minimum.

Key facts

Minimum investment
$50,000
From the Form D
Offering size
$9,230,000
Equity offered, per the Form D
Sold so far
Not reported after the first Form D (Aug 26, 2025)
Form D, Aug 26, 2025
Selling commissions
$784,550 · 8.5% of offering
Form D Item 15; the % is our arithmetic
Financing
Zero coupon. Cash flow from the property goes to servicing the debt.
How it is financed ↓
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.

Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →

Can I still invest?

No new interests: the offering is reported fully subscribed.

Other Capital Square offerings on record

Availability changes without a filing. The sponsor or a registered representative can confirm what is open.

Looking for an offering like this one? A licensed 1031 specialist from our affiliated partner can talk through what is on record.

Ask a 1031 specialist about this recordFree. About: Le Meridien Fort Worth Downtown. Top1031 is not a broker-dealer.
Le Meridien Fort Worth Downtown image

Le Meridien Fort Worth Downtown · Fort Worth, TX · Photo: capitalsq.com

City-level mapFort Worth, TX metroMap shows the city, not the exact address.

What does the Trust own?

The Trust's asset is a ground position, not a building. The Le Méridien hotel standing on the roughly 0.92-acre downtown Fort Worth site was completely renovated and reopened in 2024, the year before Capital Square took the landowner's side. 3 The sponsor's offering brochure gives August 19, 2025 as the acquisition date. 3

Property address
815 Commerce Street, Fort Worth, TX
Property size
188 rooms / 254,778 SF, 14 stories

How is it financed, and what did it cost to sell?

Zero coupon means ground rent goes to servicing mortgage debt instead of reaching investors during the hold; money comes back only on a sale or refinancing. Capital Square called it a high-leverage DST when it announced the purchase on September 3, 2025. 4 The loan matures November 15, 2061. 3

Debt

Financing
Zero coupon. Cash flow from the property goes to servicing the debt.

Costs and terms from the Form D

Selling commissions
$784,550 · 8.5% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$1,139,350 · 12.3% of offering
Form D Item 16
Broker-dealers named in the Form D
1 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Not in the Form D
Minimum investment
$50,000

Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.

What does the SEC record show?

The offering reached the SEC through a Form D, the brief notice an issuer sends for a securities sale made without registration. 1 The exemption claimed permits general advertising while limiting buyers to verified accredited investors, people meeting SEC income or net-worth tests, and the notice sets a $50,000 minimum investment. 1

Legal Trust name
CS1031 Zero Coupon DFW Hospitality, DST
SEC CIK
2083549
First Form D
Aug 26, 2025
Latest Form D
Aug 26, 2025
Filings on record
1
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount sold
Form D$9,230,000
$0
EDGAR

Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.

A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

Common questions

Can I still invest in Le Meridien Fort Worth Downtown?
No new interests: Le Meridien Fort Worth Downtown is reported fully subscribed. Top1031 lists it as recently fully subscribed and does not count it as an active offering.
Does the Trust own the hotel or the land under it?
The land and the landlord's position over it. Capital Square's offering page describes the Trust's interest as fee-simple title to approximately 0.92 acre at 815 Commerce Street in downtown Fort Worth, together with the ground-landlord interest and a reversionary interest in the hotel improvements, rather than ownership of the operating hotel. Capital Square's offering brochure names 815 Commerce LLC as the ground tenant that owns those improvements.
Why does this offering pay no distributions during the hold?
It is structured as a zero-coupon deal, so ground rent goes toward servicing mortgage debt instead of reaching investors while the property is held, and cash would come back only on a sale or refinancing. Capital Square's offering brochure states a $41,530,000 investment cost and a $32,300,000 loan principal balance at closing. The governing terms sit in the offering documents.
Who operates the hotel on the Trust's land?
Not the Trust. Capital Square's offering brochure identifies 815 Commerce LLC as the ground tenant that owns the improvements and says the ground tenant subleased the land and improvements to a hotel operator affiliated with it. The hotel operator entered a 25-year franchise agreement with Marriott International for the Le Méridien brand, so Marriott is the brand franchisor rather than the Trust's ground tenant.
Does "100% leased to a single tenant" mean the hotel is full?
No. Capital Square's offering page uses that phrase for the land being leased to one ground tenant, which is ground-lease occupancy rather than a hotel guest-occupancy rate. Capital Square announced on September 3, 2025 that the ground lease runs 99 years with about 95 years remaining, and its brochure states 2% annual rent increases throughout the term.
When did Capital Square acquire the ground lease?
Capital Square's offering brochure gives August 19, 2025 as the acquisition date for the Trust's investment. The firm announced the purchase of the 99-year unsubordinated ground lease beneath the Le Méridien Fort Worth Downtown on September 3, 2025, and AltsWire reported it on September 2, 2025. The hotel above the land had been completely renovated and reopened in 2024.
What happens to the hotel when the ground lease ends?
Capital Square states the Trust holds a reversionary interest in the improvements, which is the landowner's right to the building once the ground lease ends. With a 99-year original term and roughly 95 years remaining at acquisition, that reversion sits far beyond any realistic hold period for this Trust, so the practical exit is a sale or refinancing of the land position. The Trust is not set up to convert into a REIT.

In the news

Sources

Show sources (6)Hide sources (6)

These links support the record as a whole; individual details may come from different sources.

DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current offering documents before investing.