Trump Steps Into MSR Ch. 11 To Grab Resort For $150M

Law360, New York (March 02, 2012, 5:20 PM ET) -- MSR Resort Golf Course LLC is set to unload its Doral Golf Resort & Spa to stalking horse Trump Organization for $150 million, following a New York bankruptcy judge's ruling Friday approving the sale.

“So I understand we're here to sell a hotel,” U.S. Bankruptcy Judge Sean H. Lane said upon opening the hearing, followed by 20-minute presentation by the debtor's attorney and the judge's swift approval of the amended sale order.

“I do approve the sale, and congratulations,” he told the parties present at the...
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