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.
(photo:facebook)
That’s why Trump says what he wants, he has and makes so much money to where he’s not under the thumb of and doesn’t have to fear the Koch brothers like others in his party.
Wonder if #44 has ever owned a business that profitable.
With his racist, anti Latino comments, Miami is not a big fan of Trump anymore…
Rich white guy’s are now all racist.
He is a large part of the redefinition of Doral which is mostly compromised Hispanic/Latin residents. Sunny Isles? New York?