Developer and reality TV personality Donald Trump has agreed to buy the Doral Golf Resort & Spa for $170 million.
But Trump, whose name adorns three Atlantic City casinos, said a push to legalize gambling at more South Florida locations will not play into his plans for the 693-room resort. “This really is unrelated to gaming,” he said.
A source with knowledge of the plans said the Trump Organization will invest at least $150 million in upgrades to the nearly 50-year-old hotel, which was put into bankruptcy earlier this year.
Built in 1962, the property sits on 650 acres with a pool complex, water slide, and five golf courses. Best known for hosting an annual pro golf tournament, the Marriott-managed hotel is also a popular destination for large groups, meetings, and local events.