TMgoc VENTURES AND AD astra capital acquire the home2 suites fort worth cultural district

BOCA RATON, Fla. – TMGOC Ventures (TMGOC), a real estate and development private equity firm headquartered in Boca Raton, Fla., and Ad Astra Capital, a real estate and investment firm headquartered in Austin and Dallas, Texas, today announced the official closing of their first joint acquisition, the Home2 Suites by Hilton in Fort Worth, Texas.

The 162-key property is prominently located in the rapidly growing Cultural District, adjacent to downtown Fort Worth and surrounded in all directions by billions of dollars in new development. The hotel is well-positioned to benefit from the city’s diverse demand base and transformational growth taking place throughout Fort Worth. It is proximate to key demand drivers, including Dickies Arena, Will Rogers Memorial Center, Texas Christian University, and numerous hospital systems. Additional nearby attractions include the Fort Worth Stockyards, Colonial Country Club, Fort Worth Zoo, and several museums and performing arts theatres.  

“Fort Worth continues to stake its claim as a business and economic hub, driving enormous demand from business and leisure travelers alike,” said TMGOC Co-Founder and Managing Partner Glenn Alba. “The Home2 Suites aligns with our strategy of identifying opportunities in markets with high barriers to entry. We are selective in where we choose to own, and are grateful to partner with Ad Astra Capital in adding this property and one of the most in-demand investment markets in the country to our growing portfolio.”

The property marks the second purpose-built Home2 Suites in the TMGOC portfolio, and its first in Texas.

The hotel will be managed by TMGOC partner, Lexima Lodging. Lexima is a recognized operations leader with over 30 years of experience in third-party hotel management, investment, and asset management. They have extensive experience working with the world’s most recognized hotel brands, including Hyatt, Marriott, Hilton, IHG, and Choice. 

ABOUT AD ASTRA CAPITAL

Co-founded by Jack Cantele and David Auer, Ad Astra Capital (AAC) was formed in 2024 with the primary initiative of acquiring premium-branded select-service and extended stay hotels throughout the United States. AAC also opportunistically pursues strategic investments spanning the entirety of the capital stack, chain scales and development life cycle. To date, AAC’s owned portfolio consists of 7 hotels spanning more than 800 keys across Kan., Colo., Wyo., and Texas. AAC’s founders have collectively executed nearly $6 billion of hotel and commercial real estate transactions over the last decade. The company is headquartered in Austin and Dallas, Texas. To learn more about AAC, its track record and current/future investment opportunities, please visit adastra-capital.com.

ABOUT LEXIMA LODGING

Lexima Lodging is a recognized hotel operations leader, with more than 30 years of experience in third-party management, investment, and asset management. It is a sought-after operations leader, born from its extensive experience working with major brands, including Hyatt, Marriott, Hilton IHG, and Choice. Lexima has 18 hotels and 2,500 rooms under management in 10 states[1] . The company was founded in 2019 and is headquartered in Wichita, Kan. To learn more, visit leximalodging.com.