28 Feb '12, 8am

Trump buys Doral Resort for $150 million, plans 18-month renovation

Trump buys Doral Resort for $150 million, plans 18-month renovation

MIAMI -- Donald Trump's bid to buy the Doral Resort & Spa out of bankruptcy for $150 million was approved on Monday, the Trump Organization announced. The 800-acre resort complex -- which is set to host the 2012 edition of the WGC-Cadillac Championship next week -- includes four golf courses; 700 hotel rooms across 10 lodges; more than 86,000 square feet of meeting space, including a 25,000-square-foot ballroom; a 50,000-square-foot spa with 33 treatment rooms; six food and beverage outlets; extensive retail; and a private members' clubhouse. The Trump Organization plans to spend another $150 million to renovate the facilities "with the intention of restoring Doral to its former grandeur" during an 18-month refurbishment, Trump officials said in a statement. The property will stay open throughout the renovation, which is expected to conclude in the fall of 2013. "When Dora...

Full article: http://www.pga.com/news/industry-news/trump-organization-...

Tweets

.@GaryVanSickle sat down with @realDonaldTrump to discuss his plans for @doralgolf

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