Monday, February 22, 2010

Four Seasons resort's foreclosure delayed

Lenders that provided $183 million in financing for Irving's Four Seasons Resort and Club Dallas at Las Colinas didn't move ahead with a foreclosure scheduled for Tuesday.

The owner of the 400-acre golf course and hotel, Los Angeles-based BentleyForbes, has been in negotiations with the debt holders since fall. In January, the property was posted for forced sale.

BentleyForbes "continues to work toward a positive outcome," the company said.

Dallas Morning News

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