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Trump National Doral Miami
Trump National Doral Miami, also known as Doral Resort and Spa, is a golf resort in Doral in South Florida in the United States. It was founded by real estate pioneer Alfred Kaskel in 1962, with the name "Doral" coming from an amalgamation of the first names of Kaskel and his wife, Doris. It currently has 72 holes of golf, and its signature course is the Blue Monster at Doral.
The resort consists of 800 acres (3.2 km2). Prior to its renovation, the club was reported to feature "four golf courses; 700 hotel rooms across 10 lodges; more than 86,000 square feet (8,000 m2) of meeting space, including a 25,000-square-foot (2,300 m2) ballroom; a 50,000-square-foot (4,600 m2) spa with 33 treatment rooms; six food and beverage outlets; extensive retail; and a private members' clubhouse."
The Doral Country Club was built for $10 million (equivalent to $104 million in 2024) by Carol Management, a New York-based real estate firm headed by Alfred Kaskel. The club opened in January 1962.
The resort was the sister hotel to the famous Doral Hotel on the ocean in Miami Beach, Florida.
In 1994, Carol Management sold a majority stake in the resort to KSL Recreation, a Kohlberg Kravis Roberts affiliate focused on premier golf facilities, for approximately $100 million. KSL was then purchased in 2004 by CNL Hospitality (later CNL Hotels & Resorts), a real estate investment trust affiliated with CNL Financial Group. CNL placed the resort under the management of Marriott International later that year. In 2007, CNL Hotels was acquired by the real estate arm of Morgan Stanley.
Around 2010, the Pritikin Longevity Center moved into the spa area of the Doral resort.
In 2011, a group of creditors led by Paulson & Co. took control of the Doral and seven other properties from Morgan Stanley. They quickly placed the Doral and four of the other properties under Chapter 11 bankruptcy protection, and began seeking a buyer for the Doral.
In February 2012, the Trump Organization purchased the Doral Resort & Spa out of bankruptcy for $150 million. The property's name was then changed to Trump National Doral. Trump began a $250-million renovation of the resort in 2013, which was completed in 2016. The purchase and renovation were financed with $125 million in loans from Deutsche Bank.
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Trump National Doral Miami
Trump National Doral Miami, also known as Doral Resort and Spa, is a golf resort in Doral in South Florida in the United States. It was founded by real estate pioneer Alfred Kaskel in 1962, with the name "Doral" coming from an amalgamation of the first names of Kaskel and his wife, Doris. It currently has 72 holes of golf, and its signature course is the Blue Monster at Doral.
The resort consists of 800 acres (3.2 km2). Prior to its renovation, the club was reported to feature "four golf courses; 700 hotel rooms across 10 lodges; more than 86,000 square feet (8,000 m2) of meeting space, including a 25,000-square-foot (2,300 m2) ballroom; a 50,000-square-foot (4,600 m2) spa with 33 treatment rooms; six food and beverage outlets; extensive retail; and a private members' clubhouse."
The Doral Country Club was built for $10 million (equivalent to $104 million in 2024) by Carol Management, a New York-based real estate firm headed by Alfred Kaskel. The club opened in January 1962.
The resort was the sister hotel to the famous Doral Hotel on the ocean in Miami Beach, Florida.
In 1994, Carol Management sold a majority stake in the resort to KSL Recreation, a Kohlberg Kravis Roberts affiliate focused on premier golf facilities, for approximately $100 million. KSL was then purchased in 2004 by CNL Hospitality (later CNL Hotels & Resorts), a real estate investment trust affiliated with CNL Financial Group. CNL placed the resort under the management of Marriott International later that year. In 2007, CNL Hotels was acquired by the real estate arm of Morgan Stanley.
Around 2010, the Pritikin Longevity Center moved into the spa area of the Doral resort.
In 2011, a group of creditors led by Paulson & Co. took control of the Doral and seven other properties from Morgan Stanley. They quickly placed the Doral and four of the other properties under Chapter 11 bankruptcy protection, and began seeking a buyer for the Doral.
In February 2012, the Trump Organization purchased the Doral Resort & Spa out of bankruptcy for $150 million. The property's name was then changed to Trump National Doral. Trump began a $250-million renovation of the resort in 2013, which was completed in 2016. The purchase and renovation were financed with $125 million in loans from Deutsche Bank.
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