The Ritz-Carlton Dallas, Las Colinas Explained

Golf Facility Name:The Ritz-Carlton Dallas, Las Colinas
Location:Irving, Texas
Coordinates:32.864°N -96.958°W
Type:Resort
Operator:Marriott International[1]
Pushpin Map:USA#USA Texas
Pushpin Relief:1
Holes:36
Greens:Creeping Bentgrass
Fairways:419 Bermuda[2]
Tournaments:AT&T Byron Nelson
(1983–2017)
Website:lascolinasresortdallas.com
Course1:TPC Las Colinas
Par1:70
Rating1:76.0
Slope1:142 [3]
Course2:Cottonwood Valley
Par2:71
Length2:7120yd
Rating2:74.9
Slope2:136 [4]

The Ritz-Carlton Dallas, Las Colinas is a golf resort in Irving, Texas, United States. The resort contains a 431-room hotel, two restaurants, lounge bars, a spa, swimming pool, gym, tennis courts and two golf courses, featuring a Tournament Players Club course, TPC Las Colinas, that hosted the PGA Tour's annual AT&T Byron Nelson from 1983-2017.

History

The Four Seasons Resort and Club Dallas at Las Colinas was originally developed and owned by USAA Real Estate Company.[5] The golf club opened first, in 1983, while the adjoining Four Seasons Hotel opened in 1986.[6]

California-based investment firm BentleyForbes bought the resort from USAA in 2006[7] [8] for $200 million.[9] BentleyForbes borrowed $175 million against the hotel that same year and invested $60 million in renovations, right before the 2007–2008 financial crisis and the Great Recession caused business at the hotel to drop significantly.[10] BentleyForbes's lenders foreclosed on the hotel in 2010 and sold it at auction on June 1, 2010, after BentleyForbes missed multiple mortgage payments. The lenders themselves bought the property, for $122 million,[11] placing it under the control of CW Capital Asset Management.[12]

CW sold the resort to Blackstone Inc. in 2014 for $150 million.[13] Blackstone sold it to Extell Development Co. in 2018[14] for $235 million.[15] Extell sold it to Partners Group and Trinity Fund Advisors in 2022.[16] Marriott International assumed management on December 15, 2022 and the resort was rebranded The Las Colinas Resort, Dallas[17] as a temporary name during a $55 million renovation.[18] [19] It was renamed The Ritz-Carlton Dallas, Las Colinas on January 23, 2024.[20]

Golf

The resort is known for its golf facilities, which includes the TPC Las Colinas championship course that was designed by Jay Morrish in consultation with Byron Nelson and Ben Crenshaw. The course was constructed as a TPC stadium course, incorporating nine holes from the original Las Colinas Sports Club layout. Since it opened in 1983 (Crenshaw won the 1st event see wall of champions inside the sports club), it hosted the PGA Tour's Byron Nelson event from 1983 to 2017.[21]

Starting in 1994, the PGA Tour also made use of the resort's second course, Cottonwood Valley, for the first two rounds of the Byron Nelson Championship in order to lessen the impact of weather delays. This course was also designed by Jay Morrish this time alongside renowned golf course architect Robert Trent Jones, Jr.[22]

The resort also includes the Byron Nelson Golf School, a driving range and other practice facilities.

Rating

The resort is the only AAA Five Diamond Award resort in Texas.[23]

External links

Notes and References

  1. https://hotelsmag.com/news/ritz-carlton-taking-over-at-las-colinas-resort/
  2. Web site: AT&T Byron Nelson . GCSAA . Tournament fact sheets . May 2017 . April 28, 2018 .
  3. Web site: Course Rating and Slope Database™ - Four Seasons Resort & Club - TPC @ Las Colinas . USGA . April 28, 2018.
  4. Web site: Course Rating and Slope Database™ - Four Seasons Resort & Club - Cottonwood Valley . USGA . April 28, 2018.
  5. https://www.chron.com/news/article/PRN-BentleyForbes-Acquires-The-Four-Seasons-1507636.php
  6. News: Four Seasons to Conclude Management of Four Seasons Resort and Club Dallas at Las Colinas. Hotel-Online. en-US.
  7. News: (PRN) BentleyForbes Acquires The Four Seasons Resort and Club in Las Colinas, Texas . 2024-03-06 . Chron . en.
  8. Web site: BentleyForbes buys Texas Four Seasons Resort . 2024-03-06 . www.bizjournals.com.
  9. Web site: New Owners BentleyForbes Hospitality Group Planning a $150 million Upgrade and Expansion of The Four Seasons Resort and Club Dallas at Las Colinas / December 2006 . 2024-03-06 . www.hotel-online.com.
  10. Web site: 2014-02-11 . Las Colinas’ Four Seasons sold to New York investment group . 2024-03-06 . Dallas News . en.
  11. Web site: 2010-06-01 . Lenders foreclose on Four Seasons Resort in Las Colinas . 2024-03-06 . Dallas News . en.
  12. Web site: 2014-02-11 . Las Colinas’ Four Seasons sold to New York investment group . 2024-03-06 . Dallas News . en.
  13. Web site: Williams . Taylor . 2018-11-06 . Extell Development Acquires 405-Room Hotel in Irving for $235M . 2024-03-06 . REBusinessOnline . en-US.
  14. Web site: Call . Brandon J. . 2022-06-02 . Four Seasons Resort Dallas at Las Colinas Has a New Owner . 2024-03-06 . D Magazine . en-US.
  15. Web site: Williams . Taylor . 2018-11-06 . Extell Development Acquires 405-Room Hotel in Irving for $235M . 2024-03-06 . REBusinessOnline . en-US.
  16. News: Las Colinas’ Four Seasons hotel sells to international investors. The Dallas Morning News. 2022-12-22. en-US.
  17. Web site: Ritz-Carlton taking over at Las Colinas resort . 2024-03-06 . HOTELSMag.com . en-US.
  18. News: Las Colinas Four Seasons to become a Ritz Carlton after $55 million makeover. The Dallas Morning News. 2022-12-22. en-US.
  19. News: Marriott to rebrand Dallas-area Four Seasons as Ritz-Carlton. Hotel Management. en-US.
  20. Web site: 2024-01-23 . Ritz-Carlton completes Las Colinas hotel rebranding . 2024-03-06 . Dallas News . en.
  21. News: Billy Horschel edges Jason Day on first hole of Byron Nelson playoff . ESPN . Associated Press . May 21, 2017 . April 28, 2018.
  22. Web site: TPC at Las Colinas: Byron Nelson Tour Site Blossoms . GolfTexas.com . 2009-11-13.
  23. Web site: Byron Nelson's Legacy Lives On . . May 19, 2009 . https://web.archive.org/web/20090726183257/http://www.thegolfchannel.com/golf-travel-insider/byron-nelsons-legacy-lives-29398/ . 2009-07-26 . 2009-11-13.