Byron Nelson Championship Site Faces Foreclosure
The Four Seasons Resort and Club Dallas at Las Colinas -- better known to this audience as the home of the PGA Tour's HP Byron Nelson Championship -- was the subject of a foreclosure filing today in Dallas.
According to reports, the facility's creditor, U.S. Bank NA, "is seeking repayment of a $183 million loan on the property" from the resort's owner, Los Angeles-based BentleyForbes, "and has scheduled a forced sale on Feb. 2."
Of course -- as in many foreclosure and bankruptcy proceedings -- three words are being used to describe the activity at the facility in question: business as usual.
"We do not expect any change in our day-to-day operations or services," Las Colinas Four Seasons general manager Michael Newcombe told the Dallas Morning News. "We are proud of the nearly $60 million in improvements that our owners have made to our property over the past two years."