Trump Lines Up $170M Deal For Bankrupt Miami Resort

Law360, New York (October 21, 2011, 5:51 PM EDT) -- Paulson & Co.-owned MSR Resort Golf Course LLC on Tuesday asked for a bankruptcy court’s permission to sell the iconic Doral Golf Resort & Spa in Miami to celebrity real estate mogul Donald Trump for $170 million, unless a superior offer surfaces at auction.

The debtor sought a New York bankruptcy judge’s blessing for the sales process that would hand Trump the keys to the celebrated 692-room resort and four of its five golf courses for $170 million, and enable MSR to focus on exiting Chapter...
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