Dallas-based Century Golf Partners and Japan-based HKI America have teamed up to buy the storied Four Seasons Golf & Sports Club of Las Colinas.
Century Golf Partners, one of the world’s leading golf and club ownership and management teams, was founded in 2005 for the purpose of acquiring and managing private clubs, public courses, and golf resorts and is the partnership’s managing partner.
Financial terms of the deal were not disclosed.
“The Sports Club is an iconic institution in the dynamic Dallas market,” Bill Nardiello, chair of the Sports Club’s board of governors, said in a statement.
Four Seasons Golf & Sports Club will be managed under Century Golf’s Arnold Palmer Golf Management brand.
Century Golf owns and/or operates roughly 50 courses throughout the nation, including PGA WEST in California (with an affiliate of HKI America) and Walt Disney World Golf in Florida. HKI America and its affiliates own 26 golf courses along with distributorships for Baroness turf maintenance equipment and Yamaha golf carts.
Includes two famed golf courses
The acquisition was finalized earlier this month and includes two famed golf courses, the Cottonwood Valley Course and the TPC of Las Colinas Course, the host site of the PGA Tour’s Byron Nelson Championship for 35 years.
Such champions as Tiger Woods, Fred Couples, Ben Crenshaw and Payne Stewart, strode the course’s fairways to victory. The courses were designed by Jay Morrish and D. A. Weibring.
The club also includes a 176,000-square-foot sports clubhouse with indoor tennis, pool, fitness studios, jogging track, basketball and racquetball courts, fully-amenitized locker rooms, and various dining options, the companies said. It also has a recently renovated driving range and golf teaching facility, along with new pickleball courts.
Adjacent Las Colinas Resort was recently acquired by a joint venture
The adjacent Las Colinas Resort (formerly the Four Seasons Resort Dallas at Las Colinas), is a 431-key luxury hotel that was recently acquired by a joint venture between Partners Group and funds managed by Trinity Fund Advisors LLC, an affiliate of Trinity Real Estate Investments.
The new owners said they will undertake a multimillion-dollar capital improvement plan that will establish the resort as the premier group and leisure destination in the Dallas region. The renovated resort will be operated by The Ritz-Carlton Hotel Co. The Sports Club will maintain a close working relationship with the resort so that each may provide members and guests with exceptional service and facilities, the companies said.
“We are so pleased that we were able to have a hand in selecting Century Golf as our ownership and management partner for the Sports Club.” Jim Hinckley, Century Golf Partners’ founding partner and CEO said in a statement. “The club’s legendary history as the host site of the Byron Nelson, award-winning golf courses, state-of-the-art sports facilities, and thriving location makes this one of the premier clubs in Dallas and we are grateful for the members support to acquire the Club.”
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