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Why Donald Trump Bought A Miami Golf Course For $170 Million In A Bankruptcy Sale


donald trump doral golf resort and spa

Donald Trump says he's bullish on the South Florida real estate market right now, which is why he bought Miami's Doral Gable Golf Resort out of bankruptcy for $170 million in February.

He plans to spend another $200 million renovating the resort, which has five golf courses and 700 rooms.

Trump dished on his plans to The Real Deal:

Trump told The Real Deal:

We’re really looking to make Doral into the finest club anywhere in the United States and beyond, because we have 800 acres right smack in the middle of Miami, right next to the airport ... The location is so amazing, and that’s why the [PGA] tour loves Doral. So I’m going to be spending a lot of money on rebuilding Doral and making it something that will be, when we finish it, one of the finest golf resorts anywhere. Easily."

Trump was also positive about the hotel market in Miami more generally, telling The Real Deal, "South America is booming, and the boom is coming to Miami."

Now tour the Coral Gable Golf Resort Trump purchased earlier this year >

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