Four Seasons Resort Dallas at Las Colinas in Texas, USA, is to undergo a transformation to join the Ritz-Carlton brand after Marriott International signed a management agreement for the site.
A joint venture between private markets firm Partners Group and funds managed by Trinity Fund Advisors, an affiliate of Trinity Real Estate Investment acquired the property earlier this year.
Multi million improvements
The 431-room luxury hotel is located in Irving and will now go through a $55 million-dollar capital improvement plan that will convert it into The Las Colinas Resort, Dallas.
The programme calls for renovating all guestrooms and villas, re-concepting the hotel’s food and beverage outlets, renovating 90,000 sq ft of meeting and event space, activating the outdoor pool area, and refreshing the 14,000 sq ft spa to elevate the property’s amenity set. Completion of the renovation is targeted for 2024.
Destination experience
Greg Dickhens, a managing partner of Trinity, commented: “We are excited to expand The Ritz-Carlton brand in the Dallas Metroplex. Through our agreement with Marriott International, we will be able to offer the Dallas Metroplex a destination experience suited to the demands of today’s sophisticated travellers across both the meetings and leisure segments. This is another example of how we are able to leverage our asset management expertise and industry relationships to create meaningful value for our investors and guests.”
Other Ritz-Carlton sites will be appearing across America in the coming years, including The Ritz-Carlton, Paradise Valley in Arizona, a 215-key resort arriving in Q3 2023; The Ritz-Carlton San Diego, bringing 160 rooms to California in Q1 2025; and scheduled to complete in the same quarter, The Ritz Carlton Nashville in Tennessee, a 242-key development.
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The Ritz-Carlton is a global luxury lifestyle brand consisting of premium hotels and resorts in highly desirable locations.
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