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The Ritz-Carlton Dallas, Las Colinas

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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.

The Ritz-Carlton Dallas, Las Colinas
TPC Las Colinas in 2009
Club information
The Ritz-Carlton Dallas, Las Colinas is located in the United States
The Ritz-Carlton Dallas, Las Colinas
The Ritz-Carlton Dallas, Las Colinas is located in Texas
The Ritz-Carlton Dallas, Las Colinas
Coordinates32°51′50″N 96°57′29″W / 32.864°N 96.958°W / 32.864; -96.958
LocationIrving, Texas
Elevation500 feet (150 m)
Established1983; 41 years ago (1983)
TypeResort
Owned byPartners Group and Trinity Fund Advisors
Operated byMarriott International[1]
Total holes36
Events hostedAT&T Byron Nelson
(1983–2017)
GreensCreeping Bentgrass
Fairways419 Bermuda[2]
Websitelascolinasresortdallas.com
TPC Las Colinas
Designed by
Par70
Length7,166 yards (6,553 m)
Course rating76.0
Slope rating142 [3]
Cottonwood Valley
Designed by
Par71
Length7,120 yards (6,511 m)
Course rating74.9
Slope rating136 [4]

History

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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

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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 in 1983,[21][22] see wall of champions inside the sports club), it hosted the PGA Tour's Byron Nelson event from 1983 to 2017.[23]

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.[24]

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

Rating

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The resort is the only AAA Five Diamond Award resort in Texas.[25]

References

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  1. ^ "Ritz-Carlton taking over at las Colinas resort".
  2. ^ "AT&T Byron Nelson" (PDF). GCSAA. Tournament fact sheets. May 2017. Retrieved April 28, 2018.
  3. ^ "Course Rating and Slope Database™ - Four Seasons Resort & Club - TPC @ Las Colinas". USGA. Retrieved April 28, 2018.
  4. ^ "Course Rating and Slope Database™ - Four Seasons Resort & Club - Cottonwood Valley". USGA. Retrieved April 28, 2018.
  5. ^ https://www.chron.com/news/article/PRN-BentleyForbes-Acquires-The-Four-Seasons-1507636.php [bare URL]
  6. ^ "Four Seasons to Conclude Management of Four Seasons Resort and Club Dallas at Las Colinas". Hotel-Online.
  7. ^ "(PRN) BentleyForbes Acquires The Four Seasons Resort and Club in Las Colinas, Texas". Chron. Retrieved 2024-03-06.
  8. ^ "BentleyForbes buys Texas Four Seasons Resort". www.bizjournals.com. Retrieved 2024-03-06.
  9. ^ "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". www.hotel-online.com. Retrieved 2024-03-06.
  10. ^ "Las Colinas' Four Seasons sold to New York investment group". Dallas News. 2014-02-11. Retrieved 2024-03-06.
  11. ^ "Lenders foreclose on Four Seasons Resort in Las Colinas". Dallas News. 2010-06-01. Retrieved 2024-03-06.
  12. ^ "Las Colinas' Four Seasons sold to New York investment group". Dallas News. 2014-02-11. Retrieved 2024-03-06.
  13. ^ Williams, Taylor (2018-11-06). "Extell Development Acquires 405-Room Hotel in Irving for $235M". REBusinessOnline. Retrieved 2024-03-06.
  14. ^ Call, Brandon J. (2022-06-02). "Four Seasons Resort Dallas at Las Colinas Has a New Owner". D Magazine. Retrieved 2024-03-06.
  15. ^ Williams, Taylor (2018-11-06). "Extell Development Acquires 405-Room Hotel in Irving for $235M". REBusinessOnline. Retrieved 2024-03-06.
  16. ^ "Las Colinas' Four Seasons hotel sells to international investors". The Dallas Morning News. Retrieved 2022-12-22.
  17. ^ "Ritz-Carlton taking over at Las Colinas resort". HOTELSMag.com. Retrieved 2024-03-06.
  18. ^ "Las Colinas Four Seasons to become a Ritz Carlton after $55 million makeover". The Dallas Morning News. Retrieved 2022-12-22.
  19. ^ "Marriott to rebrand Dallas-area Four Seasons as Ritz-Carlton". Hotel Management.
  20. ^ "Ritz-Carlton completes Las Colinas hotel rebranding". Dallas News. 2024-01-23. Retrieved 2024-03-06.
  21. ^ "Fans' favorite Crenshaw wins Byron Nelson title". Victoria Advocate. (Texas). Associated Press. May 2, 1983. p. 4B.
  22. ^ "Crenshaw's narrow win a comeback". Eugene Register-Guard. (Oregon). UPI. May 2, 1983. p. 2B.
  23. ^ "Billy Horschel edges Jason Day on first hole of Byron Nelson playoff". ESPN. Associated Press. May 21, 2017. Retrieved April 28, 2018.
  24. ^ "TPC at Las Colinas: Byron Nelson Tour Site Blossoms". GolfTexas.com. Retrieved 2009-11-13.
  25. ^ "Byron Nelson's Legacy Lives On". Golf Channel. May 19, 2009. Archived from the original on 2009-07-26. Retrieved 2009-11-13.
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