The City of Irving is a thriving epicenter for business and entertainment in the region, offering attractive residential communities within a desirable suburban setting. The Dallas Metroplex is one of the most dynamic and fastest-growing markets in the United States, experiencing significant growth through the COVID-19 pandemic. “We are pleased to acquire this high-quality asset at an attractive basis and look forward to leveraging our operational expertise to maximize its value.” “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,” said Sean Hehir, Managing Partner, President, and CEO of Trinity. The capital improvement program 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 amenity set to amongst the top luxury resorts in the country. 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-square-foot fitness center, and the TPC Las Colinas golf course. The Four Seasons Resort Dallas at Las Colinas is the only luxury golf resort in the Dallas Metroplex, featuring 90,000 square feet of meeting and event space, multiple food and beverage outlets, a swimming pool, and a 14,000-square-foot spa. We look forward to working with Trinity on our value creation plan for the property.” “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 have conviction in the Dallas Metroplex area due to its strong local economy, solid employment rates, and population growth,” said Jason Longo, Member of Management, Private Real Estate at Partners Group. Following the transaction, Partners Group and Trinity plan to undertake a multi-million-dollar capital improvement plan that will establish the property as the premier group and leisure destination in the Dallas Metroplex. DALLAS-( BUSINESS WIRE)-A joint venture between Partners Group, a leading global private markets firm, acting on behalf of its clients, and funds managed by Trinity Fund Advisors LLC, an affiliate of Trinity Real Estate Investments LLC (“Trinity”), today announced the acquisition of the Four Seasons Resort Dallas at Las Colinas, a 431-key luxury hotel located in Irving, Texas.
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