Doral Golf Resort and Spa taken over by The Trump Organisation
The Trump Organisation, the United States’ most famous real estate developer, has announced its successful purchase of the Doral Golf Resort and Spa, South Florida’s most famous golf course, for $150 million.
The venue, hosted the Cadillac World Golf Championship in 2012, nearly faced bankruptcy before Donald Trump stretched out his hands to get it out of the crisis.
Previously, Marriott was responsible for all the operations on the resort. However, the deal included the removal of Marriott as the operator of the resort and Trump’s organisation will now run the property at Doral, which is renowned for its Blue Monster golf course.
After taking over the whole resort, he now plans to invest further $150 million to renovate the 692-room hotel and four golf courses available on the resort.
According to Trump, Doral golf resort and spa has lost its credibility over the last few years and it is working way down its capacity. He added by saying that it was one of the best golf resorts all over the world.
Therefore, he assured that his organisation will bring back the lost glory of the resort after the renovation and redoing process completes in the near future.
“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,” Trump said.
“When completed, Doral will be the finest resort and golf club in the country”.
Gil Hanse, a leading name in the golf course designing industry, has been hired by the Trump Organisation for redesigning all the four courses bought by the company.
It is expected that the move to take Gil Hanse on board will prove productive for the sport and the organisation itself.
However, the fifth course, Greg Norman-designed Great White course, will reportedly remain in its original shape as it was retained by the seller, Morgan Stanley subsidiary CNL Hotels & Resorts Inc.
The golf experts have praised the transfer of property to the Trump Organisation, as this has saved a beautiful course from getting closed.
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