Four Seasons Dallas Headed For Foreclosure?

by Deidre Woollard (RSS feed)
Jan 13th 2010 at 9:01PM

Breaking info from the Dallas Morning News, it looks like lenders are looking to foreclosure on the Four Seasons Resort and Club Dallas at Las Colinas, a massive 400-acre hotel, spa and golf club in Irving, Texas. The five-star resort has an over 430-room hotel, two restaurants, lounge bars, a TPC golf course and the finest sports club and spa in the Dallas area. Last summer the resort completed a $60 million project with a new sports bar, family pool, and tennis show-court.

U.S. Bank NA is has pushed for a foreclosure sale on February 2 to force repayment of a $183 million loan on the property. It's a huge foreclosure for the area and one that has been in the works for a while as the borrowers, BentleyForbes missed payments and tried to negotiate with lenders. BentleyForbes has owned the resort since 2006 and Four Seasons operates the facility. As is usually true in these cases there has been no alteration in the daily operations of the hotel. The resort is the latest in a series of hotel foreclosures around the nation.

Tags: dallas texas, DallasTexas, four seasons dallas, FourSeasonsDallas, hotel foreclosure, hotel foreclosures, HotelForeclosure, HotelForeclosures, hotels in trouble, HotelsInTrouble

Filed under: Luxury Travel & Hotels

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Reader Comments (Page 1 of 1)

L. Jan 16th 2010 12:42PM

WOW!!!! What a waste.....It's beautiful......Seems a shamed the bank can not work it our with Forbes....Forbes should be a name with $$$$$ behind it..
Oh! Well...........

kenny Jan 16th 2010 1:41PM

the place is going to the dogs the last time i was there in july 09 the towels were'nt worth stealing

H L C Van Layden Jan 16th 2010 2:45PM

What a shame !!! I was in a room once there !!!! Its Beautiful there in Las Colinas/Irving/Dallas----why not get some of Obama's Stimulus $$$$$$ and save this North Texas Gem !!!!!

c. morris Jan 16th 2010 4:05PM

More of that "hope and change" that the sheeple voted for. Socialist half breed has yet to go into the hotel business at our expense but it's just a matter of time.

john morgan Jan 16th 2010 5:28PM

OH MY, I AM SO DISTRAUGHT!!! ... not.

Guess the rich and famous have had to cut back too, ... welcome to the real world . Personally I think a taste of the good life living under an overpass in a cardboard box would be VERY enlightening for anyone who has ever stayed in a resort like this. My sympathy is all that it should be for these businesses. Bet they never donated a dime to the local soup kitchen.
Millions out of work, millions more taking pay cuts, shorter hours, reduced benefits, and on and on .... Should the 99.9% of us who will never see the inside of a place line that give a flying **** whether the place exists? I say not until their patrons care whether we starve or not. That should happen right after the Pope becomes a Baptist.