Trump OK'd As $150M Stalking Horse For Miami Resort

Law360, New York (December 19, 2011, 6:17 PM EST) -- A New York bankruptcy judge said Monday that MSR Resort Golf Course LLC could auction off its Doral Golf Resort & Spa using a lowered $150 million stalking horse bid from real estate mogul Donald Trump.

U.S. Bankruptcy Judge Sean H. Lane approved a revised stalking horse bid agreement between the bankrupt resort operator and Trump Endeavor 12 LLC, putting MSR on a path to hold a Feb. 27 auction for the 692-room Miami property and allowing it to focus on exiting Chapter 11 protection with...
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