Monday, February 22, 2010

Las Colinas' Four Seasons back on foreclosure auctions listing

Last month, lenders filed to foreclose on the exclusive 400-room hotel, spa and golf club in Irving in one of the largest postings in North Texas in more than 20 years. U.S. Bank seeks repayment of a $183 million loan on the property, which is owned by Los Angeles-based BentleyForbes.

A sale of the 400-acre property was originally set for Feb. 2 but didn't go through.

"BentleyForbes continues to be in discussions," James Kasim, president of BentleyForbes, said Friday in a statement.

"BentleyForbes remains committed to working out a successful financial structure recognizing the interests of all vested entities that will bridge the challenges of the current situation."

Dallas Morning News

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