-
The Ritz-Carlton Dallas, Las Colinas – Picture Credit score Ritz-Carlton
JLL’s Motels & Hospitality group led the financing efforts for a 427-key newly renovated resort in Dallas-Fort Value
JLL’s Motels & Hospitality group introduced in the present day it organized the $210 million refinancing for The Ritz-Carlton Dallas, Las Colinas (the “Resort”), a not too long ago renovated 427-key resort situated inside the Dallas-Fort Value metroplex.
JLL labored on behalf of the borrower, a three way partnership between Companions Group, one of many largest companies within the international non-public markets trade, performing on behalf of its shoppers, and funds managed by Trinity Investments, to safe a brand new mortgage by Marathon Asset Administration.
Beforehand often known as the 4 Seasons Resort and Membership Dallas at Las Colinas, the Sponsor acquired the Resort in Might 2022. The Resort was extensively renovated beginning in Might 2023 and was rebranded as The Ritz-Carlton Dallas, Las Colinas in January 2024.
The 16.7-acre Resort now options fully-renovated rooms and customary areas, over 80,000 sq. ft of assembly house and best-in-class facilities. The facilities embrace 5 upscale meals and beverage venues, a newly renovated resort-style pool, The Ritz-Carlton Spa & Lounge, entry to an 18-hole golf course with driving vary, a state-of-the-art health heart with indoor/outside tennis, a lap pool and squash / racquetball courts.
Strategically situated at 4150 North MacArthur Boulevard in Irving, Texas, the Resort affords unparalleled accessibility inside the Dallas-Fort Value metroplex. It’s located simply quarter-hour from DFW Airport, 20 minutes from downtown Dallas and 35 minutes from Fort Value.
Moreover, the Resort’s affiliation with Marriott Motels & Resorts, a globally-recognized premium model with a portfolio of over 8,000 properties throughout 139 international locations, additional enhances its market place.
The JLL Motels & Hospitality workforce was led by Americas CEO Kevin Davis, Managing Administrators Mark Fisher and De’On Collins and Analyst Caleigh O’Connell.
“The Ritz-Carlton Las Colinas is now positioned as one of many prime three accommodations within the Dallas metroplex,” mentioned Davis. “Its in depth renovation, coupled with its strategic location and sturdy facilities, positions the resort to capitalize on each enterprise and leisure demand. This refinancing not solely mirrored the property’s enhanced worth however additionally represented a singular alternative to help a world-class asset throughout its progress part.”