Trump National Doral Miami

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Trump National Doral Miami
DoralGolfResortNovember2010.jpg
The 18th hole of the Blue Monster course.
Club information
Location Doral, Florida, United States
Established 1962
Type Resort
Owned by The Trump Organization
Total holes 90
Tournaments hosted WGC-Cadillac Championship (2007-2016)
Doral Open (1962–2006)
Website trumphotelcollection.com/miami Trump National Doral Golf Club
Blue Monster at Doral
Designed by Dick Wilson
Par 72
Length 7,288-yard (6,664 m)
Course rating 76.8
Slope rating 143
Course record 61 - Stephen Ames (2000)
Great White Course
Designed by Greg Norman
Par 72
Length 7,171-yard (6,557 m)
Course rating 74.5
Slope rating 134
McLean Course
Designed by Jim McLean
Par 70
Length 6,557-yard (5,996 m)
Course rating 72.8
Slope rating 143
Gold Course
Designed by Raymond Floyd (redesign)
Par 70
Length 6,609-yard (6,043 m)
Course rating 72.2
Slope rating 135
Red Course
Par 70
Length 6,101-yard (5,579 m)
Course rating 69.4
Slope rating 131

Trump National Doral Miami 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 90 holes of golf and its signature course is the Blue Monster at Doral.

Description

The resort consists of 800-acre (3.2 km2).[1] Prior to its renovation, the club was reported to feature "four golf courses; 700 hotel rooms across 10 lodges; more than 86,000-square-foot (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."[2]

History

The Doral Country Club was built for $10 million by Carol Management, a New York-based real estate firm headed by Alfred Kaskel.[3][4] The club opened in January 1962.[4][5]

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.[6][7] KSL was then purchased in 2004 by CNL Hospitality (later CNL Hotels & Resorts), a real estate investment trust affiliated with CNL Financial Group.[8][9] CNL placed the resort under the management of Marriott International later that year.[10] In 2007, CNL Hotels was acquired by the real estate arm of Morgan Stanley.[11][12]

Around 2010, the Pritikin Longevity Center moved into the spa area of the Doral resort.[13]

In 2011, a group of creditors led by Paulson & Co. took control of the Doral and seven other properties from Morgan Stanley.[14] They quickly placed the Doral and four of the other properties under Chapter 11 bankruptcy protection, and began seeking a buyer for the Doral.[15][16]

In February 2012, the Trump Organization purchased the Doral Resort & Spa out of bankruptcy for $150 million.[2] The property's name was then changed to Trump National Doral.[17] Trump began a $250-million renovation of the resort in 2013,[18][19] which was completed in 2016.[1] The purchase and renovation were financed with $125 million in loans from Deutsche Bank.[20]

Trump's purchase included four of the five golf courses.[21] The fifth, the "Great White Course," was excluded from the sale because of its high potential for redevelopment.[22] Instead, it was sold, along with the other bankrupt properties, to GIC, a creditor in the case.[23][24] GIC sold the course in 2016 for $96 million to two homebuilders, Lennar Homes and CC Homes.[25]

Lawsuits and legal controversies

Trump "has been the target of dozens of liens" from contractors who worked on the renovation project.[26] On May 20, 2016, a Miami-Dade County Circuit Court judge ordered Trump National Doral Miami to be foreclosed and sold on June 28 unless the Trump Organization paid $32,800 to a Miami paint supply company.[26]

A 6-foot (1.8 m) high portrait of Donald Trump painted by Miami Beach-based artist Havi Schanz, which became controversial when it was reported to be purchased for $10,000 with funds from the non-profit Trump Foundation,[27] hangs on the wall in the resort's Champions Bar & Grill.[28]

Since Trump purchased the resort in 2012, he has challenged the local property tax assessments every year.[1] In filings with the Federal Election Commission, Trump has consistently claimed high property values for his golf courses; in tax proceedings, however, Trump has generally claimed substantially lower values.[1] In August 2016, Doral Councilwoman Sandra Ruiz challenged the tax assessment for the Doral resort, saying that it was too low and did not account for renovations that increased the value.[1]

Golf courses and tournaments

Trump National Doral Miami features five championship golf courses:

  • The Blue Monster at Doral
  • The Golden Palm Course
  • The Red Tiger Course
  • The Silver Fox Course

The Blue Monster played host to the Doral Open on the PGA Tour from 1962 to 2006, and from 2007 to 2016 the WGC-Cadillac Championship made its home there after having been played at different venues in the United States and Europe since its inception in 1999. In 2016, it was announced that the tournament would be moved to Mexico City.[29]

The resort's other courses have also played host to important events. The Gold Course hosted the PGA Tour's Qualifying Tournament in 1999, and the Red Course hosted The Office Depot on the LPGA Tour in 2000.

The property was formerly home of The Jim McLean Golf School. The school relocated to the Miami Biltmore Hotel in 2018.

Scorecard

Trump National Doral Miami - The Blue Monster
Tee Rating/Slope 1 2 3 4 5 6 7 8 9 Out 10 11 12 13 14 15 16 17 18 In Total
Blue 76.8 / 143 529 376 438 236 394 442 428 563 169 3575 551 406 603 245 475 175 372 419 467 3713 7288
Gold 73.8 / 140 504 346 382 215 367 415 407 502 158 3296 528 336 583 229 416 156 346 397 414 3405 6701
White 71.7 / 136 481 321 357 184 342 390 387 475 144 3081 507 312 563 212 388 140 322 369 387 3200 6281
Handicap Men's 11 17 1 3 13 5 9 7 15 10 18 8 2 6 16 14 12 4
Par 5 4 4 3 4 4 4 5 3 36 5 4 5 3 4 3 4 4 4 36 72
Handicap Women's 9 17 5 15 13 1 3 7 11 4 18 10 2 8 14 16 12 6
Red 71.3 / 126 390 272 305 149 288 348 345 422 117 2636 455 283 492 173 316 110 277 311 339 2756 5392

See also

References

  1. ^ a b c d e Trump's Doral and Jupiter resorts' tax bills under scrutiny: A Doral councilwoman is challenging Trump National Doral's tax assessment, The Real Deal (August 22, 2016).
  2. ^ a b Trump buys Doral Resort for $150 million, plans 18-month renovation, PGA.com news services (February 28, 2012).
  3. ^ "Miami to get new country club". Tampa Tribune. AP. July 12, 1961 – via Newspapers.com. 
  4. ^ a b "Lap of luxury". Chicago Tribune. January 21, 1962 – via Newspapers.com. 
  5. ^ Dave Roberts (January 31, 1962). "Grand opening". Cincinnati Enquirer – via Newspapers.com. 
  6. ^ Anthony Faiola (January 4, 1994). "High-profile resort changes hands". Miami Herald – via NewsBank. 
  7. ^ "Doral sold". Sun-Sentinel. Deerfield Beach, FL. January 4, 1994. Retrieved 2018-05-17. 
  8. ^ "CNL Hospitality Properties, Inc. completes acquisition of KSL Recreation Corporation" (Press release). CNL Hospitality Properties. April 5, 2004. Retrieved 2018-05-17 – via HospitalityNet. 
  9. ^ "CNL Hospitality to change name". Commercial Real Estate Direct. August 3, 2004. Retrieved 2018-05-17. 
  10. ^ "CNL Hotels & Resorts Inc. appoints Marriott to manage the 692 room Doral Golf Resort & Spa" (Press release). Marriott International. August 19, 2004. Retrieved 2018-05-17 – via Hotel.Online. 
  11. ^ "Morgan Stanley unit, Ashford to buy CNL hotels". Washington Post. Reuters. January 19, 2007. Retrieved 2018-05-17. 
  12. ^ "Morgan Stanley Real Estate completes acquisition of CNL Hotels & Resorts, Inc., for $6.6 billion" (Press release). Morgan Stanley Real Estate. April 12, 2007. Retrieved 2018-05-17 – via BusinessWire. 
  13. ^ Amy Bertrand, Relax, refresh and get healthy at Florida's Pritikin Center, St. Louis Post-Dispatch (February 19, 2012).
  14. ^ Hui-yong Yu; David M. Levitt (January 8, 2011). "Paulson group said to seize CNL hotels from Morgan Stanley funds". Bloomberg. Retrieved 2018-05-17. 
  15. ^ Tiffany Kary (February 1, 2011). "Paulson Group's Mauir resort, PGA West file for bankruptcy". Bloomberg. Retrieved 2018-05-17. 
  16. ^ Eric Morath (May 10, 2011). "Paulson-led owners put Doral golf resort for sale". MarketWatch. Retrieved 2018-05-17. 
  17. ^ Bill Van Smith (December 25, 2012). "Donald Trump: Big plans for Doral golf course". Miami Herald – via NewsBank. 
  18. ^ Elaine Walker (March 7, 2013). "Donald Trump aims to bring luxury to Doral Golf Resort & Spa". Miami Herald. Retrieved 2018-05-17. 
  19. ^ Hannah Sampson (August 19, 2013). "Massive renovations progressing at Trump's Doral resort". Miami Herald. Retrieved 2018-05-17. 
  20. ^ Brian Bandell (August 13, 2015). "Trump boosts loan on Doral golf resort". South Florida Business Journal. Retrieved 2018-05-17. 
  21. ^ Monique O. Madan, Donald Trump gets his key to Doral, Miami Herald (March 4, 2015).
  22. ^ Joe Barks (May 11, 2011). "Doral's "Great White" golf course slated for development". Club & Resort Business. Retrieved 2018-05-17. 
  23. ^ Nadja Brandt (May 29, 2014). "GIC to sell Florida golf course bought from Paulson Group". Bloomberg. Retrieved 2018-05-17. 
  24. ^ David McLaughlin (December 5, 2012). "Paulson resorts to be sold to GIC after auction canceled". Bloomberg. Retrieved 2018-05-17. 
  25. ^ Brian Bandell (April 28, 2016). "Lennar and CC Homes pay $96M for Doral development site". South Florida Business Journal. Retrieved 2018-05-17. 
  26. ^ a b Lambiet, Jose (2016-05-20). "Judge to Trump National: Pay contractor or face foreclosure". The Miami Herald. 
  27. ^ Fathrenthold, David (2016-09-14). "Trump bought a 6-foot-tall portrait of himself with charity money. We may have found it". The Washington Post. 
  28. ^ Acevedo, Enrique (2016-09-21). "How I found Trump's controversial $10,000 portrait". Univision. 
  29. ^ http://espn.go.com/golf/story/_/id/15876975/pga-tour-move-event-miami-trump-doral-resort-mexico-city-2017

External links

  • Trump National Doral Golf Club Official website
  • Official website

Coordinates: 25°49′10″N 80°20′34″W / 25.81944°N 80.34278°W / 25.81944; -80.34278

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