Partners Group and funds managed by Trinity Fund Advisors have joined forces to acquire the Four Seasons Dallas Resort at Las Colinas, a 431-key luxury hospitality property in Irving, the firms announced today.
The transaction by Partners Group and the funds involving Trinity Fund Advisors, an affiliate of value-add firm Trinity Real Estate Investments, includes plans for a multimillion-dollar capital improvement plan as the pair look to transform the property into “the premier group and leisure destination in the Dallas Metroplex.”
The facelift is set to span the renovation of all guest rooms and villas, revamping the hotel’s food and beverage outlets, and renovating the meeting space, among other pushes.
The firms pointed to North Texas’ local economy, employment rates and population growth as factors in its decision to acquire the property.
Presented by Dallas Business Journal.