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Transactions - FEBRUARY 12, 2014

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IN-DEPTH: Blackstone checks into The Four Seasons

by Andrea Waitrovich

The Blackstone Group has purchased the Four Seasons Resort & Club Dallas at Las Colinas in Irving, Texas. Here’s an in-depth look at the deal.

THE DEAL

CWCapital Asset Management, on behalf of Wachovia, sold the 431-room hotel for $150 million, according to Real Capital Analytics. CBRE served as the seller’s broker.

THE ASSET

Four Seasons Resort & Club Dallas at Las Colinas is a five-star golf resort located a few miles north of Dallas, in the hills of Irving. The resort contains a 431-room hotel, two restaurants, lounge bars, a spa and an array of leisure facilities, including a swimming pool, gym

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