A 400-acre Dallas-area luxury resort that hosts the annual Byron Nelson Championship golf tournament has been posted for foreclosure.
U.S. Bank has posted the Four Seasons Resort and Club in Irving, with its more than 400-room hotel and spa, for a Feb. 2 auction in Dallas County. The bank is seeking payment on a $183 million note with Los Angeles-based BentleyForbes.
The real estate investment company did not immediately respond Thursday to a request for comment from The Associated Press.
Four Seasons general manager Michael Newcombe says the owner has been in talks with lenders on ways to restructure the debt during the economic downturn. Newcombe says the posting will not affect the property's daily operations.
This year's Byron Nelson Championship is scheduled May 20-23.
