One of the world’s top hospitality investors has made its first foray into Texas with the acquisition of the Four Seasons Resort Dallas at Las Colinas. Now the company plans to replicate the strategy in major U.S. markets such as Atlanta and Washington, D.C., and overseas in Europe and Japan.
Trinity Real Estate Investments, based in Honolulu, and global private investor Partners Group bought the 431-room luxury hotel and championship-level golf course resort in North Texas for an undisclosed sum at the end of May from Extell Development Co.
The hotel’s new owners could spend more than $20 million on upgrades to the luxury hotel but the exact budget has yet to be determined, Sean Hehir, Trinity’s managing partner, president and CEO, told CoStar News. He said the Four Seasons Resort Dallas at Las Colinas in Irving, Texas, fits Trinity’s strategy of investing in areas with surging population growth — and that are a hotbed for corporate activity, which is expected to pick up from…
