Two luxury hotels are slated to be built in the Fort Worth Stockyards just as a previously planned billion-dollar expansion is put on ice.
FORT WORTH, Texas — A longtime developer in the Fort Worth Stockyards is planning to expand the cultural district with two new hotels, costing a combined $160 million.
Delightful Development Co. and Woodbine Development Co. announced on Aug. 5 a new development that will be located at the corner of Main and 23rd Street in the Fort Worth Stockyards. The $160 million resort will sit on 3 acres and include a total of 225 rooms, according to a press release from the companies. The resort is located along Marine Creek adjacent to Mule Alley and the existing luxury Hotel Drover.
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The development will feature 30,000 square feet of open greenspace and entertainment areas, a large resort-style pool, a rooftop restaurant and bar, plus space for curated retail shops.
“The location of the resort is iconic as it sits at the gateway to the Historic District, which for the past 5 years has garnered national and international attention with visitation exceeding 10 million annual visits each year from local, regional, national and international travelers,” said Dupree Scovell, managing partner and chief investment officer for Woodbine.
Delightful Development Co. is co-founded by Craig Cavileer and Kayla Wilkie-Kinne, who previously led Majestic Realty Co., the company that developed both Mule Alley and Hotel Drover. Cavileer left Majestic in 2025, teeing up a legal battle between Cavileer and Majestic, according to reporting from the Dallas Business Journal.
In a December lawsuit, Majestic Realty alleged Cavileer failed to pay back loans and breached a contract, the Dallas Business Journal reported. The company is seeking nearly $76 million, according to legal documents. Cavileer has denied the allegations in court documents. In a countersuit, Cavileer alleged Majestic Realty Co. violated an agreement tied to financing the Stockyards expansion and other real estate projects, according to the DBJ.
Just as Delightful Development Co. and Woodbine Development Co. announced plans for the new hotel, Stockyards Heritage Development Company and Majestic announced they will not move forward with the planned Phase II development that would have doubled the size of the Stockyards. The Phase II project had been approved by Fort Worth City Council in 2024
The company said the decision followed a thorough review of market conditions, development activity in the Stockyards and the partnership’s long-term priorities.
Despite the Phase II cancellation, work continues on the Stockyards’ latest project — a $30 million renovation of the historic Stockyards Hotel and the iconic H3 Ranch. The Stockyards Hotel is slated to reopen in early 2027.