Trump To Restore Doral's "Grandeur;" Marks First Time Doral And Grandeur Appear In Same Sentence
/Businessweek's Nadja Brandt got the reclusive, press-shy Donald Trump on the phone for a rare interview and The Donald already has makers of gold plating salivating at the possibilities.
“This wasn’t a discount price,” Trump said in a telephone interview. “We’re paying a very full price, especially in light of the fact of how much money we’ll have to spend to bring it back to its original grandeur.”
Trump will pay all cash for the transaction and expects renovations to take two years.
The developer and reality TV star has acquired at least nine golf properties in the U.S. after mostly steering clear of using his own money to buy real estate since 2005. Trump is seeking more golf deals, particularly in Florida, he said.
“We’re looking at other opportunities,” Trump said. “We’ve been buying a lot of properties. We have a lot of cash.”
God help the game.