Doral Resort Was Donald Trump’s Most Profitable Business Last Year

Donald Trump’s made more money from his resort in Doral last year than any other business, he revealed yesterday.

Trump National Doral, which includes a hotel and golf course, brought in $49.4 million in income last year from ‘golf resort related revenues.’ The resort itself was valued above $50 million, according to the disclosure form.

Trump frequently boasts about Doral on talk show appearances since buying the resort out of bankruptcy in 2012 for $150 million. He claimed that he was spending another $200 million on a renovation of the property.

Deutsche Bank gave Trump two mortgages to buy the property in 2011. One is listed at over $50 million, while another is listed at between $5 million and $25 million. The smaller loan matures this year, while the larger loan extends until 2023. He is paying Libor plus 1.75%, or Prime minus .75% on both loans.