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.
