Trump said in a statement, as reported in the Huffington Post, that he will not only pay $150 million for the 692-room hotel and four of its golf courses, he’ll spend another $150 million to renovate.
“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.”
Trump’s purchase will act as a swoop towards saving the 50-year-old Doral from bankruptcy; it also adds a little extra buzz to next week’s PGA Cadillac World Golf Championship, taking place on its infamous TPC Blue Monster course.
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