Trump officially closes on Doral resort, plans $150 million renovation

Donald Trump has officially purchased the Doral Golf Resort for $150 million, with plans to spend an additional $150 million to make over the property, according to the Miami Herald. “When Doral first opened, it was considered the best resort in the world,” Trump said. “The combination of the property’s incredible location in the heart of Miami and our very significant investment in upgrading the resort will enable us to return Doral to its former glory, if not surpass it.” Golf course designer Gil Hanse has been tapped to redesign the resort’s four courses. [Miami Herald]