Four Seasons Las Colinas Sells To Blackstone

Steve Brown on the latest ownership change at the Four Seasons Resort and Club at Las Colinas, host to the Byron Nelson.

Brown writes:

Since 2010 the 431-room luxury Irving golf course hotel, conference center and spa have been owned by lenders who foreclosed on the property after previous owners defaulted on debt.

Now a company set up by Blackstone Real Estate Advisor has purchased the Four Seasons for an estimated $150 million.

New York-based Blackstone is a major U.S. real estate investor. It acquired the hotel in a private sale from CW Capital, which represented the securitized debt holders on the property.

The TPC Four Seasons Las Colinas may only host the Byron Nelson a few more years as future sponsor AT&T eyes a possible new Coore-Crenshaw design.