{"id":1004051881,"date":"2011-10-14T06:06:41","date_gmt":"2011-10-14T14:06:41","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=20770"},"modified":"2022-12-03T19:31:44","modified_gmt":"2022-12-04T03:31:44","slug":"trump-offers-170m-for-doral-golf-resort-spa","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/trump-offers-170m-for-doral-golf-resort-spa\/","title":{"rendered":"Trump Offers $170M for Doral Golf Resort &amp; Spa"},"content":{"rendered":"<p>By Georgiana Mihaila, Associate Editor<\/p>\n<p>Donald Trump is eying several golf deals in Florida, with plans to start with the purchase of the Doral Golf Resort &amp; Spa; Trump has confirmed that his company will pay $170 million for the luxury property and that the deal will most likely be finalized in the first quarter of 2012. An auction for the Doral Resort will still be held in order to seek better offers, but Trump currently does not have any competition.<\/p>\n<p>Florida\u2019s Doral Golf Resort was foreclosed on earlier this year by hedge fund Paulson &amp; Co.<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/10\/Doral-Golf-Resort-Spa-Clubhouse-back.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-20771\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/10\/Doral-Golf-Resort-Spa-Clubhouse-back.jpg\" alt=\"\" width=\"300\" height=\"225\" \/><\/a> and Winthrop Realty Trust, along with the Grand Wailea Resort in Hawaii, the Arizona Biltmore in Phoenix, the Claremont Hotel &amp; Spa in Berkeley, Calif., and the La Quinta Resort &amp; Club at PGA West golf course. The 650-acre property, formerly owned by Morgan Stanley\u2019s CNL Hotels &amp; Resorts Inc., was built in 1962; it features a pool, water slide and five golf courses\u2014the Great White was the sole course not included in the deal. The Doral Golf Resort is well-known for hosting an annual golf tournament, but the Marriott is also hosting many local events and meetings.<\/p>\n<p>Trump is planning extensive renovations, aiming at bringing the resort back to its original grandeur; according to <em>Bloomberg News Service<\/em>, the developer plans on investing up to $150 million on upgrades. Trump, frequently associated with his Atlantic City casinos, denied the fact that this recent purchase was in any way related to the recent push to legalize gambling in several South Florida locations.<\/p>\n<p><em>Image Courtesy of\u00a0Andreas Sandberg via Wikipedia\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Georgiana Mihaila, Associate Editor<br \/>\nDonald Trump is eying several golf deals in Florida, with plans to start with the purchase of the Doral Golf Resort &#038; Spa; Trump has confirmed that his company will pay $170 million for the luxury [&#8230;]<\/p>\n","protected":false},"author":1071,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1492,21742],"tags":[],"class_list":["post-1004051881","post","type-post","status-publish","format-standard","hentry","category-miami","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump Offers $170M for Doral Golf Resort &amp; Spa - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/trump-offers-170m-for-doral-golf-resort-spa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump Offers $170M for Doral Golf Resort &amp; Spa\" \/>\n<meta property=\"og:description\" content=\"By Georgiana Mihaila, Associate Editor Donald Trump is eying several golf deals in Florida, with plans to start with the purchase of the Doral Golf Resort &#038; Spa; Trump has confirmed that his company will pay $170 million for the luxury [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/trump-offers-170m-for-doral-golf-resort-spa\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2011-10-14T14:06:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T03:31:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/10\/Doral-Golf-Resort-Spa-Clubhouse-back.jpg\" \/>\n<meta name=\"author\" content=\"Georgiana Mihaila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/trump-offers-170m-for-doral-golf-resort-spa\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/trump-offers-170m-for-doral-golf-resort-spa\/\",\"name\":\"Trump Offers $170M for Doral Golf Resort &amp; 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