A joint venture between Partners Group, a leading global private markets firm, acting on behalf of its clients, and funds managed by Trinity Fund Advisors LLC, a subsidiary of Trinity Real Estate Investments LLC (“Trinity”), has announced today that it has signed a management agreement with Marriott International, Inc. (“Marriott International”), to expand The Ritz-Carlton brand into the Dallas Metroplex in 2024. Earlier this year, the joint venture acquired the Four Seasons Resort Dallas at Las Colinas, a 431-room luxury hotel located in Irving, Texas. He intends to undertake a multimillion-dollar capital improvement plan that will convert the property to The Ritz-Carlton brand, part of Marriott International, and make it the premier meeting and travel destination. recreation in the Dallas Metroplex.
Effective December 15, 2022, Marriott International will assume management of the resort, which will become The Las Colinas Resort, Dallas. Upon completion of a planned $55 million property-wide transformation, the property will become The Ritz-Carlton Dallas, Las Colinas. The capital improvement program includes the renovation of all rooms and villas, the redesign of the hotel’s food and beverage outlets, the renovation of 90,000 square feet of meeting and event space, the activating the outdoor pool and refreshing the 14,000 square foot spa to elevate the property’s best-class amenities among the nation’s top luxury resorts. Completion of the renovation is scheduled for 2024.
Resort guests will continue to have access to and enjoy the amenities of the adjacent Golf and Sports Club, which includes 12 tennis courts, an indoor swimming pool, a 6,000 square foot fitness center and the golf course. TPC Las Colinas.
The Dallas Metroplex is one of the most dynamic and fastest growing markets in the United States, experiencing significant growth due to the COVID-19 pandemic. The town of Irving is a thriving epicenter for business and entertainment in the region, offering attractive residential communities in a desirable suburban setting. The heart of the city is the 12,000-acre upscale planned community of Las Colinas, characterized by prominent office towers, shopping malls, and residential communities. With nearly 41 million square feet of office space, Las Colinas is home to more than 2,000 businesses and 400 corporate headquarters, including Irving’s prestigious Fortune 500 and 1000 companies including McKesson, Fluor, Kimberly-Clark, Pioneer Natural Resources, Vistra Corp. , and Celanese. Due to its highly diversified economy and rapidly expanding financial services and technology sectors, the Dallas Metroplex is poised to continue its growth trajectory and recover faster than most major state markets. States over the next few years.
The Ritz-Carlton Las Colinas
4150, boul. N MacArthur
Irving, Texas 75038