BentleyForbes Acquires The Four Seasons in Las Colinas, TX
SAN ANTONIO, Tx, September 1, 2006. USAA Real Estate Company announced today that it has sold The Four Seasons Resort and Club at Las Colinas. The hotel was purchased by Los Angeles-based BentleyForbes, from US-Las Colinas Ltd. Partnership, an affiliate of USAA Real Estate Company for an undisclosed price.
USAA and partners completed the resort in 1986, The Four Seasons Resort and Club is a AAA Five Diamond resort property located in Irving, Texas. The resort includes 397 guest rooms and two golf courses including the 18-hole Tournament Players Course, home of the Byron Nelson Classic. Other amenities at the resort include 32,000 square feet of function space, a 176,000 square foot Sports Club, a full service spa, a 5,600 square foot pavilion, five pools and a host of food and beverage venues.
Following 1986, USAA has completed significant expansions at the resort which include a 5,500 square foot resort swimming pool, a grand ballroom, a golf school and driving range, renovations to the Spa and Sports Club, a parking garage and the addition of 90 villas.
"The Four Seasons Resort and Club Dallas at Las Colinas is a phenomenal asset, and a tremendous addition to the BentleyForbes portfolio," said C. Frederick Wehba, chairman and co-founder of BentleyForbes. "The work USAA and the Four Seasons have put into positioning this asset as a world-class destination shows in its AAA Five Diamond rating, and BentleyForbes is committed to maintaining that distinction. We are also committed to honoring the Resort's legacy in the community as the home of the PGA's Byron Nelson Classic and Fundraiser."
"USAA has been very proud the owner of this high quality resort and over the years we have greatly enjoyed our close relationship with the management team at the Four Seasons as well as one of the greatest golfers of all time, Byron Nelson," said T. Patrick Duncan, President and CEO of USAA Real Estate Company. "The Four Seasons' expertise and unparalleled service has made it possible for this resort to often be listed among the top resorts in the world and I am sure that the team of the Four Seasons and BentleyForbes will continue this fine tradition."
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
