After a downturn that was cited by one multiple-course owner as “by far the toughest ever in the industry,” course owners and real estate investors are betting on a comeback, Bloomberg News reported. Property prices are climbing and club shutdowns have slowed as recreational golfers return after scaling back club memberships during the recession.
Trump Bids to Buy Doral Resort
The Trump Organization has signed an agreement to pay $170 million for the deluxe golf resort near Miami making Trump the lead bidder in a future auction of the property.
Doral’s “Great White” golf course slated for development
Filings in bankruptcy proceedings for resort’s parent company outline plan for “strategic repositioning” as “elite resort;” proposed changes not expected to affect “Blue Monster” course or Doral Open.