As we all know, Donald Trump is the king of all kings when it comes not only to money and shows like The Apprentice, but he is also one of the major players when it comes to commercial real estate acquisitions.B What’s up next for Trump? Miami’s Doral Hotel & Country Club.
For $150 million – a nice chunk of change, wouldn’t you say? – Trump acquired his second hotel this year alone.B The announcement was made in February, along with plans for the Trump Hotel Collection’s plans to develop Washington, DC’s The Old Post Office, which is slated for a 2016 opening.
As for the Doral Hotel, the Trump Organization is planning a multi-million-dollar renovation to restore it to the sparkle of the hotel in its prime.B The restoration will conclude in late 2013, but the hotel will be fully functional during the restoration.B You can expect a completely new tone at the main building, conference areas, spa, lodges, spa and Champions Pavillion.B Even more renovating will take place at the golf courses (including the driving range), Members’ Clubhouse , etc.
What does this mean for those of us who live in South Florida? It makes the area even more valuable and an even more exciting place to live, which indicates that the next year will be the perfect time to snatch up a space.B There are plenty on the market right now, and the Morris Southeast Group stands ready to show it all to you, including the currently featuredB Bank of America Plaza in Plantation, office space in Fort Lauderdale and a bunch of properties in Pembroke Pines.
Keep in touch with the Morris Southeast Group – South Florida’s choice for commercial real estate services – for updated information on available entities.B We look forward to helping you find your new property.B Give us a call at 866-930-1426 for more information and guidance.
Tags: commercial real estate, Commercial Real Estate Trends, office space acquisition, property acquisition miami
