Trump National Doral Miami is a golf resort in Doral in south Florida in the United States. It was founded by real estate pioneer Alfred Kaskel in 1962, with the name "Doral" coming from an amalgamation of the first names of Kaskel and his wife, Doris. It currently has 90 holes of golf and its signature course is the Blue Monster at Doral.
Video Trump National Doral Miami
Description
The resort consists of 800-acre (3.2 km2). Prior to its renovation, the club was reported to feature "four golf courses; 700 hotel rooms across 10 lodges; more than 86,000-square-foot (8,000 m2) of meeting space, including a 25,000-square-foot (2,300 m2) ballroom; a 50,000-square-foot (4,600 m2) spa with 33 treatment rooms; six food and beverage outlets; extensive retail; and a private members' clubhouse."
Maps Trump National Doral Miami
History
The Doral Country Club was built for $10 million by Carol Management, a New York-based real estate firm headed by Alfred Kaskel. The club opened in January 1962.
The resort was the sister hotel to the famous Doral Hotel on the ocean in Miami Beach, Florida.
In 1994, Carol Management sold a majority stake in the resort to KSL Recreation, a Kohlberg Kravis Roberts affiliate focused on premier golf facilities, for approximately $100 million. KSL was then purchased in 2004 by CNL Hospitality (later CNL Hotels & Resorts), a real estate investment trust affiliated with CNL Financial Group. CNL placed the resort under the management of Marriott International later that year. In 2007, CNL Hotels was acquired by the real estate arm of Morgan Stanley.
Around 2010, the Pritikin Longevity Center moved into the spa area of the Doral resort.
In 2011, a group of creditors led by Paulson & Co. took control of the Doral and seven other properties from Morgan Stanley. They quickly placed the Doral and four of the other properties under Chapter 11 bankruptcy protection, and began seeking a buyer for the Doral.
In February 2012, the Trump Organization purchased the Doral Resort & Spa out of bankruptcy for $150 million. The property's name was then changed to Trump National Doral. Trump began a $250-million renovation of the resort in 2013, which was completed in 2016. The purchase and renovation were financed with $125 million in loans from Deutsche Bank.
Trump's purchase included four of the five golf courses. The fifth, the "Great White Course," was excluded from the sale because of its high potential for redevelopment. Instead, it was sold, along with the other bankrupt properties, to GIC, a creditor in the case. GIC sold the course in 2016 for $96 million to two homebuilders, Lennar Homes and CC Homes.
Lawsuits and legal controversies
Trump "has been the target of dozens of liens" from contractors who worked on the renovation project. On May 20, 2016, a Miami-Dade County Circuit Court judge ordered Trump National Doral Miami to be foreclosed and sold on June 28 unless the Trump Organization paid $32,800 to a Miami paint supply company.
A 6-foot (1.8 m) high portrait of Donald Trump painted by Miami Beach-based artist Havi Schanz, which became controversial when it was reported to be purchased for $10,000 with funds from the non-profit Trump Foundation, hangs on the wall in the resort's Champions Bar & Grill.
Since Trump purchased the resort in 2012, he has challenged the local property tax assessments every year. In filings with the Federal Election Commission, Trump has consistently claimed high property values for his golf courses; in tax proceedings, however, Trump has generally claimed substantially lower values. In August 2016, Doral Councilwoman Sandra Ruiz challenged the tax assessment for the Doral resort, saying that it was too low and did not account for renovations that increased the value.
Golf courses and tournaments
Trump National Doral Miami features five championship golf courses:
- The Blue Monster at Doral
- The Golden Palm Course
- The Red Tiger Course
- The Silver Fox Course
The Blue Monster played host to the Doral Open on the PGA Tour from 1962 to 2006, and from 2007 to 2016 the WGC-Cadillac Championship made its home there after having been played at different venues in the United States and Europe since its inception in 1999. In 2016, it was announced that the tournament would be moved to Mexico City.
The resort's other courses have also played host to important events. The Gold Course hosted the PGA Tour's Qualifying Tournament in 1999, and the Red Course hosted The Office Depot on the LPGA Tour in 2000.
The property was formerly home of The Jim McLean Golf School. The school relocated to the Miami Biltmore Hotel in 2018.
Scorecard
See also
- List of things named after Donald Trump
References
External links
- Trump National Doral Golf Club Official website
- Official website
Source of article : Wikipedia
0 Comments