Partners Group, a private markets firm, and Trinity Fund Advisors, an affiliate of Trinity Real Estate Investments, have formed a joint venture and bought the Four Seasons Resort Dallas, a 431-key luxury hotel located in Irving, Texas.

Partners Group and Trinity will undertake a capital improvement plan to establish the property as a premier destination.

“We have conviction in the Dallas Metroplex area due to its strong local economy, solid employment rates, and population growth,” said Jason Longo, member of management, private real estate at Partners Group. “The area is becoming an important regional business hub and this premier resort is ideally positioned to benefit from rising corporate demand for venue space and increasing visitor numbers to the area. We look forward to working with Trinity on our value creation plan for the property.”