Trump in running as auction set for Doral Golf Resort & Spa

Mark Freerks

Donald Trump has bid $150 million for the Doral Golf Resort & Spa.

A U.S. Bankruptcy Court judge scheduled the auction of the Doral Golf Resort & Spa? ? Doral Golf Resort & Spa Latest from The Business Journals Bidder offers 0M for Doral Golf ResortDoral Golf Resort in bankruptcy saleDoral Golf Resort lands in bankruptcy court Follow this company for Feb. 27 and approved a company controlled by Donald Trump as the stalking-horse bidder.

Trump Endeavor 12 LLC, which is controlled by the New York real estate mogul and "The Apprentice" star, agreed to pay $150 million to debtor MSR Resorts for the 693-room hotel and its golf course. If another party wins the auction, the debtor would have to pay Trump?s company a $4.5 million ?topping fee? and reimburse it for its expenses.

Parties that wish to bid against Trump for the Doral Golf Resort & Spa must submit preliminary bids on Jan. 6, followed by qualified bids on Feb. 20. However, competing bidders must bid at least $2 million more than the sum of Trump?s $150 million offer, the $4.5 million topping fee and Trump?s expenses. Bidders must also put down $13.5 million as a deposit and for expenses.

Following the Feb. 27 auction, at the offices of Kirkland & Ellis LLP? ? Kirkland & Ellis LLP Latest from The Business Journals Adapt to new payment structure ? or pay for itMcCormick & Schmick's to be acquired in 1.6M dealEMS Technologies eyes possible sale Follow this company in New York, the bankruptcy court hearing to approve the sale would be held March 2 before Judge Sean H. Lane in New York.

The Doral Golf Resort & Spa is the home of the famed Blue Monster golf course and a PGA Tour? ? PGA Tour Latest from The Business Journals Humana putting mark on former Bob Hope Classic PGA golf tournamentMcGladrey to sponsor PGA golf classic for three more yearsWinn-Dixie Open raises record .8M Follow this company event. The White Course is not part of the auction.

A U.S. Bankruptcy Court judge scheduled the auction of the Doral Golf Resort & Spa? ? Doral Golf Resort & Spa Latest from The Business Journals Bidder offers 0M for Doral Golf ResortDoral Golf Resort in bankruptcy saleDoral Golf Resort lands in bankruptcy court Follow this company for Feb. 27 and approved a company controlled by Donald Trump as the stalking-horse bidder.

Trump Endeavor 12 LLC, which is controlled by the New York real estate mogul and "The Apprentice" star, agreed to pay $150 million to debtor MSR Resorts for the 693-room hotel and its golf course. If another party wins the auction, the debtor would have to pay Trump?s company a $4.5 million ?topping fee? and reimburse it for its expenses.

Parties that wish to bid against Trump for the Doral Golf Resort & Spa must submit preliminary bids on Jan. 6, followed by qualified bids on Feb. 20. However, competing bidders must bid at least $2 million more than the sum of Trump?s $150 million offer, the $4.5 million topping fee and Trump?s expenses. Bidders must also put down $13.5 million as a deposit and for expenses.

Following the Feb. 27 auction, at the offices of Kirkland & Ellis LLP? ? Kirkland & Ellis LLP Latest from The Business Journals Adapt to new payment structure ? or pay for itMcCormick & Schmick's to be acquired in 1.6M dealEMS Technologies eyes possible sale Follow this company in New York, the bankruptcy court hearing to approve the sale would be held March 2 before Judge Sean H. Lane in New York.

The Doral Golf Resort & Spa is the home of the famed Blue Monster golf course and a PGA Tour? ? PGA Tour Latest from The Business Journals Humana putting mark on former Bob Hope Classic PGA golf tournamentMcGladrey to sponsor PGA golf classic for three more yearsWinn-Dixie Open raises record .8M Follow this company event. The White Course is not part of the auction.

Source: http://feedproxy.google.com/~r/vertical_4/~3/Mn0hbz27d4A/trump-in-running-as-auction-set-for.html

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