Doral Golf Resort Owner Agrees to $170 Million Sale of Miami Property
From Bloomberg
Doral Golf Resort Owner Agrees to $170 Million Sale of Miami Property
The Doral golf resort’s owner agreed to sell the Miami property for $170 million as part of a restructuring of a group of luxury resorts.
A joint venture that includes hedge fund Paulson & Co. took control of eight resort properties including the Doral through a foreclosure in early 2011. The Doral, which was put into bankruptcy, was then put up for sale. The $170 million bid is subject to higher offers at an auction, according to a Sept. 2 court filing in U.S. Bankruptcy Court in Manhattan. Click here for the full story.
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