The article reports that Los Angeles owner BentleyForbes, which acquired the asset in 2006, has been in a dispute with the project's lenders since fall 2009. The borrowers deliberately missed a scheduled payment on the 400-acre asset at 4150 N. MacArthur Blvd. to negotiate with the mortgage holders.

Withholding payment has been a common tactic in the current market to get lenders' attention in attempts to renegotiate loans. However, the Morning News notes that the Four Seasons has been on watch lists of major properties carrying troubled debt for several months.

"BentleyForbes remains in proactive discussions with its lenders at the Four Seasons Dallas and is committed to working out a successful financial structure recognizing the interests of all vested entities that will bridge the challenges of the current situation," spokesman Chris Egger tells the Morning News.