Trump to Purchase Miami's Doral Resort for $150 Million

Donald J. Trump announced the deal on Monday, saying he was paying $150 million for the 50-year-old Doral Hotel and Country Club, a 700-room resort on the northwest outskirts of Miami with four championship golf courses, including the Blue Monster.

"When Doral first opened, it was considered the best resort in the world," said, Donald J. Trump. "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 Blue Monster has been home to a PGA Tour event every year since its opening. The resort played host to the Doral Open from 1962 to 2006, then shifted to the highly regarded World Golf Championship since 2007, hosting the liked of past winners Tiger Woods, Phil Mickelson and Ernie Els.

The almost 800-acre Doral Country Club includes 700 hotel rooms across 10 lodges; four golf courses; 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.

"It would be impossible for a developer today to replicate a property of this size in Miami at any cost," noted Trump.

The Trump Hotel Collection operates seven luxury hotel properties across the globe. The Trump Organization also owns and manages 10 golf courses of the highest caliber throughout North America, Europe and the Caribbean.

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