Le Meridien Fort Worth Downtown
Hospitality - full-service hotel (zero-coupon ground-lease DST) property in Fort Worth, TX — sponsored by Capital Square
Zero-coupon: no distributions until disposition; highly leveraged; 100% leased to single ground tenant; 313 parking spaces; 0.92-acre site
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These links support the public record as a whole; individual details may come from different sources.
What is this, in one paragraph?
This Trust owns the land under a Fort Worth hotel, not the hotel itself. Capital Square's Delaware statutory trust — fractional real estate ownership that qualifies for 1031 exchange treatment — holds fee-simple title to the site, the ground landlord's interest in the ground lease, and a reversionary interest in the Le Méridien hotel improvements.2 It is zero coupon: no cash to investors until disposition.2
Minimum investment
$50k
Offering size
$9.2M
How much has sold
None sold yet
Financing
Zero coupon. Cash flow from the property goes to servicing the debt.
Sponsor-reported, from SEC filings and cited sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
Capital Square's materials describe a completely renovated 14-story full-service hotel that reopened in 2024 as the Le Méridien Fort Worth Downtown.3 What the Trust acquired, on August 19, 2025, was not that hotel but the land beneath it, the ground landlord's position and the reversionary interest in the improvements; the brochure lists a $41,530,000 investment cost.5 The site runs roughly 0.92 acres, with a 313-space garage serving the hotel.2
- Property address
- 815 Commerce Street, Fort Worth, TX
- Property size
- 188 rooms / 254,778 SF, 14 stories
Who is the tenant, and what's the lease?
The Trust's tenant is the ground lessee that holds the hotel improvements; Capital Square describes the property as 100% leased to that single tenant, a reference to the land lease rather than to guest rooms.2 The 99-year ground lease is unsubordinated — the land position ranks ahead of the leasehold — with 95 years remaining and 2% annual rent escalations.
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
The sponsor reported this offering sold out without filing per-sale amendments, so there is no raise history to show.
How is it financed, and what does it pay?
Zero coupon means ground rent goes to servicing mortgage debt rather than to investors during the hold, so capital comes back, if at all, only on a sale or refinancing; Capital Square's disclosures describe the property as highly leveraged and producing no distributions before disposition.2 The lender is not identified in the materials reviewed.
- Financing
- Zero coupon. Cash flow from the property goes to servicing the debt.
- Loan-to-value
- 77.78capitalsq.com
Who's behind it?
Capital Square sponsors tax-advantaged real estate programs for 1031 exchange investors; here it took the ground-landlord position rather than owning or operating a hotel. It announced the Fort Worth ground-lease purchase on behalf of this Trust on September 3, 2025.3 In March 2026 the firm said this offering was among three DSTs it had completed, totaling $396 million in equity raised.6 On August 25, 2026 it added Phillip Jensen as senior vice president of national accounts.
- Sponsor
- Capital Square
- May convert to a REIT
- No
- Offerings from this sponsor
- 8 active / 28 total offerings from Capital Square
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The single Form D — the brief notice an issuer files with the SEC for an unregistered offering — has never been amended, and it identifies the trust as organized in Delaware.1 The exemption claimed permits general advertising while limiting buyers to verified accredited investors, those meeting SEC income or net-worth tests.
- Form D filedFirst and latest filing on record.
- Legal Trust name
- CS1031 Zero Coupon DFW Hospitality, DST
- Filings on record
- 1
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
- Read the filings on SEC EDGAR
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.
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 Private Placement Memorandum before investing.
Common questions
Is Le Meridien Fort Worth Downtown still raising money?
Sold out. Active means a filing within the past 15 months; it does not by itself establish current subscription availability.
Where does Top1031 get the data for Le Meridien Fort Worth Downtown?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
What does the Trust actually own — the hotel or the land?
The land and the landlord's position over it. Capital Square's offering materials state the Trust holds fee-simple title to an approximately 0.92-acre site at 815 Commerce Street in Fort Worth, the ground-landlord interest in the existing long-term ground lease, and a reversionary interest in the hotel improvements operated as the Le Méridien — meaning the improvements would revert to the landowner at the end of the lease.[2] The hotel building itself belongs to the ground tenant during the lease term.
Why does this offering pay no distributions?
It is a zero-coupon structure: the ground rent services the debt instead of flowing to investors. Capital Square's disclosures state the property is highly leveraged and will produce no distributions to purchasers before disposition.[2] The sponsor's brochure reports a $32,300,000 principal balance at closing, a 5.81% initial blended interest rate and a November 15, 2061 maturity date.[5] Investors in such structures look to a sale or refinancing rather than to ongoing income, and the debt load magnifies outcomes in both directions.
Who operates the hotel, and under what brand?
Not the Trust. Hotel Dive reports that Remington Hospitality manages Le Méridien Fort Worth Downtown.[4] Capital Square's September 3, 2025 acquisition announcement describes a 25-year franchise agreement under Marriott International's Le Méridien brand. The Trust's position is that of ground landlord: it collects ground rent from the lessee rather than hotel operating income.
Does "100% leased to a single tenant" mean the hotel is full?
No. Capital Square's disclosures describe the property as 100% leased to a single tenant, which refers to the land being leased to one ground tenant, not to guest-room occupancy.[2] The Trust's income position is the ground rent under a 99-year unsubordinated lease with 2% annual escalations and 95 years remaining. No guest-room occupancy figure or hotel operating result for this property appears in the exact-entity materials reviewed.
Is the Offering still open to new investors?
Top1031's record reports that Capital Square said this DST closed on March 11, 2026, as part of a batch of three completed offerings, and that claim is carried here as a sponsor-attributed secondary lead rather than an established fact.[6] No amendment to the original Form D has been filed to update the SEC record either way, so the figures on file still date from the August 26, 2025 launch. Confirm current availability with the sponsor or your broker-dealer before naming it on a 45-day exchange identification.
What is the ground lease worth to an investor if the hotel struggles?
An unsubordinated ground lease means the land position ranks ahead of the leasehold, so the ground rent is contractually senior to the hotel owner's returns. That said, this Trust is highly leveraged and pays nothing before disposition, per Capital Square's own risk disclosures, so the outcome depends on the eventual sale or refinancing of the land position.[2] No outcome has been reported, and the PPM sets out the specific remedies and risks.
Chapter 9Capital Square Purchases Fort Worth Ground Lease for High-Leverage DST InvestmentAltsWire coverage of Capital Square procuring a 99-year unsubordinated ground lease (with 95 years remaining, 2% annual rent escalations) beneath the Le Méridien Fort Worth Downtown hotel on behalf of CS1031 Zero Coupon DFW Hospitality, DST. (Included per instructions since no 2026 coverage exists.)