The Four Seasons Resort and Club Dallas at Las Colinas has changed hands, acquired by a company set up by Blackstone Real Estate Advisor for an estimated $150 million.
The deal was reported by The Dallas Morning News.
Since 2010 the 431-room hotel, conference center and spa have been owned by lenders who foreclosed on the property after previous owners defaulted on debt.
Blackstone acquired the hotel in a private sale from CW Capital, which represented the securitized debt holders on the property.
The previous owners reportedly had borrowed $175 million on the Four Seasons in 2006. They invested $60 million in upgrades on the hotel before the recession hit and business fell off.