News release

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

JLL’s Hotels & Hospitality group led the financing efforts for a 427-key newly renovated resort in Dallas-Fort Worth

September 30, 2024

Grace Lewis

Hotels & Hospitality and Capital Markets PR
+1 903 520 3478

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


About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

About Trinity Investments

Trinity is a private real estate investment firm with a 28-year history of specializing in value-add opportunities. Based in Honolulu, Hawaii, with offices in Los Angeles and London, Trinity focuses on unique real estate investments in world-class markets. As of September 2024, Trinity has invested more than U.S. $9.8 billion in the United States, Mexico, Europe, and Japan by leveraging its deep institutional knowledge and longstanding local relationships. For additional information, please visit Trinity's website at trinityinvestments.com. For updates on Trinity's investment activity, follow Trinity on LinkedIn.

About Partners Group

Partners Group is one of the largest firms in the global private markets industry, with around 1’800 professionals and approximately USD 150 billion in assets under management. The firm has investment programs and custom mandates spanning private equity, private credit, infrastructure, real estate, and royalties. With its heritage in Switzerland and its primary presence in the Americas in Colorado, Partners Group is built differently from the rest of the industry. The firm leverages its differentiated culture and its operationally oriented approach to identify attractive investment themes and to build businesses and assets into market leaders. For more information, please visit www.partnersgroup.com or follow us on LinkedIn.

About Marathon Asset Management

Marathon is a leading global credit manager with $23 billion of capital under management. The firm was founded in 1998 and is managed by Bruce Richards, CEO & Chairman, and Louis Hanover, CIO, and employs approximately 190 professionals. Its corporate headquarters are in New York City, and it has offices in London, Miami, Los Angeles, and Luxembourg. Marathon is a Registered Investment Adviser with the Securities and Exchange Commission. For more information, please visit the company’s website at www.marathonfund.com or contact Joseph Griffin, Managing Director and Head of US Commercial Real Estate at 212-500-3092 or JGriffin@marathonfund.com