Miami locale to undergo major renovation
The Trump Organization said it is buying Miami’s famed Doral Hotel & Country Club for $150 million. The Doral complex, which includes a 700-room resort and four championship golf courses, will come under the management of the company’s Trump Hotel Collection by this summer.
Donald Trump, the developer’s chairman and president, said his company plans to make a major investment in the resort and golf courses that “will enable us to return Doral to its former glory, if not surpass it.” The resort will remain open during the renovation, which is slated to be completed by fall 2013.
The Doral deal is the second major development Trump has landed in recent weeks; his firm was also chosen to redevelop the Old Post Office Building in Washington, D.C.
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