Trump buys Doral Resort for $150m
Page last updated at 3:41 am, Wednesday, February 29th, 2012
One of Florida’s most famous golfing landmark properties, the 50-year-old Doral Hotel and Country Club on the edge of Miami, has become part of Donald Trump’s collection of hotels and golf resorts.
The 700 room Resort, which covers almost 800 acres, includes four championship golf courses and has been in bankruptcy for about a year. The Blue Monster has been home to a PGA Tour event every year since its opening, including the Doral Open from 1962 to 2006.
The Trump Organization plans to make a major investment to renovate theMiamiproperty and its golf courses. “The combination of the property’s incredible location in the heart of Miami and our very significant investment in upgrading the resort will enable us to return Doral to its former glory if not surpass it,” said Donald Trump. “It would be impossible for a developer today to replicate a property of this size in Miami at any cost.”
Trump International, the championship links near Aberdeen in Scotland, is set to open this summer.
Doral Resort www.doralresort.com