The Real Deal Miami

Trump Group buys Sunny Isles timeshare units

Company tied to developer pays $28.3M for 134 Golden Strand condos

January 28, 2014 12:45PM

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Golden Strand Ocean Villa Resort

Golden Strand Ocean Villa Resort

A company tied to the Trump Group has acquired 134 timeshare units in Sunny Isles Beach for $28.3 million.

The Trump company purchased all but 24 units at the Golden Strand Ocean Villa Resort, South Florida Business Journal reported. Golden Strand is located at 17901 Collins Avenue and was built in 1980. Aventura-based Trump received $19.4 million in financing from Chicago-based seller Amphitheater.

Like other timeshares, the deed outlines which weeks the Trump company can occupy each unit it acquired.

Jules and Edmond Trump lead Trump, which is currently developing the luxury Mansions at Acqualina project in Sunny Isles. [South Florida Business Journal]Eric Kalis

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