Did you know Donald Trump’s group bought the Trump National Doral Miami resort for $150 million in 20121? This huge 800-acre property in Doral, Florida, is famous for its top-notch golf. It hosts big golf tournaments and welcomes guests who love luxury. But, does the former president still own this fancy resort?
The story of Trump’s ownership of this place is quite interesting. It started in 1962 with Alfred Kaskel, a real estate pioneer. The Doral Resort & Spa quickly became a top spot for golf lovers worldwide. Trump National Doral Miami has seen big changes since Trump took over, with a $250 million investment in updates.
Key Takeaways
- The Trump National Doral Miami resort was purchased by the Trump Organization in 2012 for $150 million.
- The resort has four championship golf courses, including the iconic Blue Monster course.
- The Trump Organization has invested $250 million in renovations and upgrades since acquiring the property.
- The Doral Resort & Spa was founded in 1962 and quickly became a premier golfing destination.
- The city of Doral, Florida, where the resort is located, has experienced rapid development and growth in recent years.
Exploring the history and ownership of Trump National Doral Miami reveals a story full of decades and big names in real estate and golf. Let’s dive into the details of this amazing property and see how Trump was involved.
Introduction
The Doral Country Club, located in Doral, Florida, has a long history starting in 19622. It was built for $10 million by Carol Management, led by Alfred Kaskel, and opened as a sister hotel to the Doral Hotel on Miami Beach2. Over time, the resort and its famous golf courses have had many owners. Companies like KSL Recreation, CNL Hospitality, and Morgan Stanley owned parts of it before it filed for bankruptcy in 2011.
Trump’s Acquisition of the Resort in 2012
In 2012, a group of creditors led by Paulson & Co. took over the Doral resort and filed for Chapter 11 bankruptcy protection2. The Trump Organization then bought the Doral Resort & Spa for $150 million, renaming it Trump National Doral2. The deal, worth $250 million, was funded with $125 million from Deutsche Bank loans2.
About Trump National Doral Miami
Trump National Doral Miami covers 800 acres and is famous for its top-notch golf courses, like the Blue Monster course3. It has 700 hotel rooms3, over 86,000 square feet of meeting space3, a 50,000-square-foot spa3, and many dining and retail spots3. The resort has been the site of big golf tournaments, including the Doral Open and the LIV Golf Invitational Series4.
For 55 years, Trump National Doral Miami was a key spot for professional golf4. Stars like Jack Nicklaus4, Seve Ballesteros4, and Tiger Woods4 have played here. In 2012, the Trump Organization bought the Doral Golf Resort & Spa4 and spent $250 million to improve it5.
The Blue Monster course is a big challenge, stretching 7,510 yards with a tough rating5. Trump National Doral Miami has hosted big events like the WGC Cadillac Championship in 20124 and the LIV Golf Team Championship in 2022 and 20234. These events show the resort’s great facilities and the Trump Organization’s commitment to golf excellence.
Does Trump own Doral?
Yes, the Trump Organization owns the Trump National Doral Miami resort. They bought it in 2012 for $150 million6. Before that, a group led by Paulson & Co. had put the resort into bankruptcy4. Since then, the Trump Organization has spent $250 million6 on making the resort better.
The resort covers over 650 acres6 and was valued at $1.3 billion by Newmark6. It has been hosting the PGA TOUR for 55 years4. The Blue Monster course is known as one of the toughest on the PGA TOUR4.
Doral has hosted many big golf tournaments over the years. Jack Nicklaus and Greg Norman both won the Doral Ryder Open multiple times4. Tiger Woods won the WGC Cadillac Championship there three years in a row4.
In 2012, the Trump Organization bought Doral Golf Resort & Spa. That year, the WGC Cadillac Championship had stars like Justin Rose and Dustin Johnson4.
The Trump Organization has kept investing in Doral. They hosted the PGA Tour Latinoamerica Tour Championship in 20184. In 2022, the LIV Golf Team Championship had a prize purse of $16 million4. LIV Golf came back to Doral in 2023 and again in 2024, with big wins for teams and individuals4.
Trump owns several golf properties worldwide7. But Trump National Doral Miami is one of his biggest and most famous ones6.
Renovation and Investment
Donald Trump bought the Trump Doral resort in 2012 and aimed to make it a top luxury golf spot. He put in an amazing8 $250 million to fix up the 800-acre resort. He had bought it for8 $150 million a few years before8.
The big renovation touched everything from rooms to golf courses. A huge8 595 out of 643 rooms were updated. The resort got better amenities, like eight new villas and a cool8 125-foot waterslide and 18 private cabanas at the Royal Palm Pool8.
No part of the $250 million project was overlooked. The big event spaces, the8 24,000-square-foot Donald J. Trump Grand Ballroom and the8 8,100-square-foot Ivanka Trump Ballroom, were updated. The8 Red Tiger golf course was also fixed up. Now, the property has a top-notch8 TaylorMade Performance Lab for golfers to get a personal swing analysis8.
