The Four Seasons hotel in Las Colinas sold to international investors

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The luxurious Four Seasons Resort and Hotel in Las Colinas has been sold to an investment group.

The new owners are planning a “multi-million dollar capital upgrade” for the 431-room Irving property.

The sale of the 36-year-old luxury resort comes months after operator Four Seasons said it would remove its flag from the hotel at the end of the year.

The hotel, which hosted the annual Byron Nelson Championship Golf Tournament for many years, was purchased by investors Partners Group and Trinity Fund Advisors.

Since 2018, the hotel, conference center and spa at the Irving Golf Course have been owned by New York-based Extell Development Co.

“This property is a premier resort destination centrally located in one of the nation’s fastest growing markets,” said Sean Hehir, CEO of Honolulu-based Trinity Fund Advisors. “We are delighted to acquire this high quality asset at an attractive price and look forward to leveraging our operational expertise to maximize its value.”

The Four Seasons Resort has 90,000 square feet of meeting and event space, a 14,000 square foot spa, and access to the adjacent Four Seasons Golf and Sports Club.

The new owners say they plan to renovate all rooms and villas, redo the hotel’s food outlets, renovate the meeting space, and upgrade the outdoor pool.

Terms of the sale were not disclosed.

Four Seasons Hotels said in January it would continue to operate the Irving Hotel through December.

“We have confidence in the Dallas metro area because of its strong local economy, strong employment rates and growing population,” said Jason Longo of Partners Group. “The area is emerging as a major regional business hub, and this premier resort is ideally placed to benefit from growing corporate demand for meeting space and increasing visitor numbers to the region. »

Based in Switzerland, Partners Group is a global investment firm with $127 billion in assets under management. The company also has offices in Denver and Singapore.

Trinity Fund Advisors, which operates from offices in Hawaii and Los Angeles, is a 26-year-old investment firm that has invested more than $8 billion in the United States, Mexico, Europe and Japan. Trinity Advisors has luxury hotels in Orlando, Maui, Miami, Phoenix, Los Angeles, San Diego and Los Cabos, Mexico.

Four Seasons is planning a new Dallas property on Turtle Creek, just north of Uptown. The luxury hotel will be part of a high-rise mixed-use development planned by Boston-based Carpenter & Co. and the Perot family of Dallas.

First Look: The $750 Million Four Seasons Project Will Stand Proudly On Turtle Creek
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