$170 Million For Doral...But Who Is The Buyer?

David McLaughlin reports that the bid is for $170 million, subject to higher offers at auction. Thanks to Pete Finch for tweeting this.

A joint venture that includes hedge fund Paulson & Co. took control of eight resort properties including the Doral through a foreclosure earlier this year. The Doral, which was put into bankruptcy, was then put up for sale.

The $170 million bid is subject to higher offers at an auction, according to a Sept. 2 court filing in U.S. Bankruptcy Court in Manhattan. Edward Sassower, a lawyer for the resorts, didn’t return a phone call seeking information about the identity of the buyer.