Real estate developer Donald Trump announced yesterday that he is purchasing the Doral Resort Hotel and Country Club, a 50 year old enclave which has served as host to PGA golf tournaments every year since its inception. Mr. Trump agreed to pay $150,000,000 for the 700 room resort and four golf courses, including the well known Blue Monster course, where the world’s top golfers have come to compete year after year.
Trump said he plans to do a $50,000,000 renovation to the hotel and country club, and to the Blue Monster. According to a Reuters report, the Donald said "When Doral first opened, it was considered the best resort in the world. 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. When completed, Doral will be the finest resort and golf club in the country."
The report indicated that one of the major reasons for the purchase is that Trump is betting that gambling comes to Miami, giving him the opportunity to open and operate a casino in one of Miami’s prized locations. Trump feels that he made a great buy for the 800 acre resort, claiming that "It would be impossible for a developer today to replicate a property of this size in Miami at any cost."
Trump said he plans to do a $50,000,000 renovation to the hotel and country club, and to the Blue Monster. According to a Reuters report, the Donald said "When Doral first opened, it was considered the best resort in the world. 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. When completed, Doral will be the finest resort and golf club in the country."
The report indicated that one of the major reasons for the purchase is that Trump is betting that gambling comes to Miami, giving him the opportunity to open and operate a casino in one of Miami’s prized locations. Trump feels that he made a great buy for the 800 acre resort, claiming that "It would be impossible for a developer today to replicate a property of this size in Miami at any cost."
No comments:
Post a Comment