Imagery courtesy of Trinity Investments.
Four Seasons Resort Dallas at Las Colinas will be renovated following its acquisition by a private investor joint venture.
Partners Group and Trinity Fund Advisors purchased the property with a plan to undertake a multi-million-dollar capital improvement that is aimed at establishing Four Seasons Resort Dallas at Las Colinas as the premier group and leisure destination in the Dallas Metroplex.
The 431-key luxury hotel located in Irving, Texas is the only luxury golf resort in the Dallas Metroplex, featuring 90,000 sq ft of meeting and event space, multiple food and beverage outlets, a swimming pool, and a 14,000 sq ft spa.
Guests also have access to the amenities at the adjacent Four Seasons Golf and Sports Club, which includes 12 tennis courts, an indoor swimming pool, a 6,000 sq ft fitness centre, and the TPC Las Colinas golf course.
Best in class renovation
The capital improvement programme calls for the renovation of all guestrooms and villas, re-concepting the hotel’s food and beverage outlets, renovating the meeting space, and activating the outdoor pool area to elevate the property’s best-in-class amenities to amongst the top luxury resorts in the country.
Partners Group member of management, private real estate, Jason Longo, said: “We have conviction in the Dallas Metroplex area due to its strong local economy, solid employment rates, and population growth.
“The area is becoming an important regional business hub and this premier resort is ideally positioned to benefit from rising corporate demand for venue space and increasing visitor numbers to the area. We look forward to working with Trinity on our value creation plan for the property.”
While Trinity’s managing partner, president and CEO, Sean Hehir, added: “This property is a premier resort destination centrally located within one of the fastest-growing markets in the country, which has seen more than 10 consecutive years of record demand and RevPAR growth.
“We are pleased to acquire this high-quality asset at an attractive basis and look forward to leveraging our operational expertise to maximise its value.”
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Four Seasons is a Canadian-based company that manages an international portfolio of luxury five-star hotels and resorts.
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