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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.