The Ritz-Carlton Dallas, Las Colinas secures $210M refinancing

NEW YORK CITY, Sept. 30, 2024 -  JLL's Hotels & Hospitality group announced today it arranged the $210 million refinancing for The Ritz-Carlton Dallas, Las Colinas (the "Hotel"), a recently renovated 427-key resort located within the Dallas-Fort Worth metroplex.

JLL worked on behalf of the borrower, a joint venture between Partners Group, one of the largest firms in the global private markets industry, acting on behalf of its clients, and funds managed by Trinity Investments, to secure a new loan through Marathon Asset Management.

Previously known as the Four Seasons Resort and Club Dallas at Las Colinas, the Sponsor acquired the Hotel in May 2022. The Hotel was extensively renovated starting in May 2023 and was rebranded as The Ritz-Carlton Dallas, Las Colinas in January 2024.

The 16.7-acre Hotel now features fully-renovated rooms and common areas, over 80,000 square feet of meeting space and best-in-class amenities. The amenities include five upscale food and beverage venues, a newly renovated resort-style pool, The Ritz-Carlton Spa & Lounge, access to an 18-hole golf course with driving range, a state-of-the-art fitness center with indoor/outdoor tennis, a lap pool and squash / racquetball courts.

Strategically located at 4150 North MacArthur Boulevard in Irving, Texas, the Hotel offers unparalleled accessibility within the Dallas-Fort Worth metroplex. It is situated just 15 minutes from DFW Airport, 20 minutes from downtown Dallas and 35 minutes from Fort Worth.

Additionally, the Hotel's affiliation with Marriott Hotels & Resorts, a globally-recognized premium brand with a portfolio of over 8,000 properties across 139 countries, further enhances its market position.

The JLL Hotels & Hospitality team was led by Americas CEO Kevin Davis, Managing Directors Mark Fisher and De'On Collins and Analyst Caleigh O'Connell.

"The Ritz-Carlton Las Colinas is now positioned as one of the top three hotels in the Dallas metroplex," said Davis. "Its extensive renovation, coupled with its strategic location and robust amenities, positions the resort to capitalize on both business and leisure demand. This refinancing not only reflected the property's enhanced value but also represented a unique opportunity to support a world-class asset during its growth phase."

JLL's Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totaling $83 billion worldwide. The group's 370-strong global team in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments. Our hotel valuation, brokerage, asset management and consultancy services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world.

For more news, videos and research resources, please visit JLL's newsroom.