Four Seasons Las Colinas

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Purchase Now

Special Servicer seeking to protect the loan balance and maximize resort value with minimal capital investment by appointing hotelAVE as Receiver.

hotelAVE was appointed Receiver, then REO Asset Manager post UCC foreclosure sale during which period we worked with Four Seasons to improve the asset and operations

Plan of Action

Upon takeover, closed out mechanic liens and completed capital projects in process
Established new business plan to grow group demand
Comprehensive expense benchmarking after bifurcating hotel and club operations to identify opportunities
Engaged golf club advisor to assist in restructuring club operation and grow membership

Location: Dallas, Texas

Service: Receiver and REO Asset Management

Property: Four Seasons Resort and Club Dallas at Las Colinas

hotelAVE Results

Improved EBITDA by Over 50% During 3.5 Year Hold Period
- Grew group business and future pace, achieving 30% growth, exceeding prior peak
- Redeployed sales team
- Reduced operating costs by $1M annually
- Identified resort fee opportunity monetized by subsequent buyer
Restructured Club Operation and Grew Membership
Successful Disposition
- Achieved 13.2% unlevered IRR during REO term via operational enhancements and identified upside opportunities.

Key Contact

Michelle Russo

Founder & CEO