The Reason Trump Decided To Purchase Doral Golf and Spa Resort For $150 Million: Amazing Location
Wednesday, November 07 2012 @ 11:58 am UTC
Does investing in the real estate world seem like an idea that could bring you profit and success? Have you been looking to into the great selection of Miami investment opportunities that are currently available in the South Florida region? If so, you may want to learn about one of the recent moves made by one of the most successful real estate investors in the world today.
Early in 2012, Donald Trumpís Trump Organization decided to purchase the popular Doral Golf and Spa Resort located within Miami in a bankruptcy sale which enabled the purchase to be made for a total of $150 million only.
If you are someone who is interested in being able to cash in on the Miami investment properties that are being offered within the region, it definitely pays off to understand why Trump came down to the decision despite the fact that the real estate market had been showing signs of uncertainty.
First of all, the property which is inclusive of a 700-room resort that sits amidst four golf courses is located within a city within the north-central section of Miami-Dade County in South Florida. The city took its name from the Doral Golf and Spa Resort which happened to go bankrupt in 2011 alongside other resorts.
Much like any smart real estate investor, Donald Trump spotted the opportunity and purchased the property in the hopes of being able to renovate the world-class resort.
According to Donald Trump, the reason he decided to make the purchase is because the opportunity to develop 800 acres of land that is located right in the middle of the Miami-Dade County area is definitely a rare one. He also mentioned the fact that the property is located within such close proximity of the Miami International Airport to be one of the propertyís strengths, especially when it comes to the PGA Tour which often comes to Doral because of its outstanding location.
Based solely on what Donald Trump had to say about why he decided to make such an incredible purchase, it is clear to see that location remains to be the number one reason for people to purchase Miami investment properties. While the regionís sunny skies, tropical climate, and world-class beaches do tend to bring even more reasons to the table, the fact that even the most successful real estate investors agree that there is so much that Miami has to offer means that people are going to be on the right track by choosing Miami investment properties from todayís property market.
While Donald Trump has yet to work on the propertyís renovation by spending $200 million on improvements, he strongly believes that his team of developers will be able to turn Doral into one of the finest clubs within the United States and beyond.
If you would like to find out about the availability of Miami investment properties on todayís property market, you are encouraged to contact a professional real estate that can provide you with complete details on all of your options within the region.
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