Trump Picks Up Miami Doral Resort For $150M

Law360, New York (February 27, 2012, 9:10 PM ET) -- Real estate mogul Donald Trump's Trump Organization will purchase the Doral Hotel & Country Club in Miami for $150 million from the bankrupt resort operator MSR Resort Golf Course LLC, the company announced Monday.

After a $150 million stalking horse bid by Trump Endeavor 12 LLC was approved in December, the Trump Organization formally announced its upcoming acquisition of the resort, which includes 700 hotel rooms across 10 lodges, massive ballrooms and meeting spaces, and four golf courses spread over nearly 800 acres.

"When Doral first...
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