Las Colinas' Four Seasons Hotel Bought by New York Developer
A Las Colinas property that is considered one of the country's top hotels and resorts has been purchased by a New York investor.
The Four Seasons Resort and Club Dallas at Las Colinas has been purchased by an affiliate of Manhattan-based Extell Development, deed records show. Since 2014, the 431-room luxury Irving golf course hotel, conference center and spa has been owned by a company set up by Blackstone Real Estate Advisors.
Terms of the sale were not disclosed but four years ago, Blackstone paid an estimated $150 million for the property. Since then, the hotel has had more than $4 million in upgrades.
Until this year, the Four Seasons was best known locally as the home of the annual Byron Nelson Championship golf tournament. The tournament moved to Dallas beginning this year.
The Four Seasons was built in 1984 and had major additions in the late 1990s and in 2000. It's won national awards for the accommodations and spa facilities....