The Trump Organization plans to invest significant capital in improving all aspects of the property.
The Trump Organization recently announced that it will purchase Miami’s iconic Doral Hotel & Country Club for $150 million, reports Hotel News Source.
The Trump Organization plans to make a major investment in the resort and golf courses with the intention of restoring Doral to its former grandeur. The TRUMP HOTEL COLLECTION™, the wholly owned hotel management division of The Trump Organization, will take over the management of the property and expects to assume operations by June 2012. The property will remain fully operational throughout the renovation, which is expected to conclude in Fall 2013.
“When Doral first opened, it was considered the best resort in the world,” stated Donald J. Trump, chairman and president. “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.”
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.
“We realize the potential and are uniquely positioned to redevelop and operate Doral based on the breadth of our organization,” said Ivanka Trump, executive vice president of development and acquisitions, who is overseeing the purchase, redevelopment and repositioning along with her father. The TRUMP HOTEL COLLECTION operates seven luxury hotel properties across the globe. The Trump Organization also owns and manages 10 golf courses throughout North America, Europe and the Caribbean. “Our ability to create value through the development process combined with the strength of our brand and our hotel and golf management capabilities make us the ideal owner of this iconic asset,” she continued.
The Trump Organization has retained world famous golf course architect Gil Hanse who will work directly with Donald J. Trump and the PGA TOUR leadership to enhance and renovate the Blue Monster.
The planned multimillion-dollar renovation will seek to reposition all aspects of the resort. Renovation of the main building, lodges, conference areas, spa and Champions Pavilion will set a new tone for the resort, while the members’ clubhouse will be redesigned to include vastly upgraded facilities and amenities. All four golf courses will be enhanced, and the driving range will be lengthened and expanded to more than twice its current size.