Holding the G-7 Summit at a Trump Golf Course Is Blatant Corruption
In the competition to persuade wealthy customers to stay at high-end golf resorts, the Trump National Doral Miami is a so-so contender. When Golf magazine recently listed the top twenty-five golf resorts for luxury and the top twenty-five for general excellence, Doral didnt make either list. It did get included in the top-hundred list, and it was also featured in the Top 25 Resorts for Buddies, a segment designed for hardcore golfers seeking immersion therapy with multiple courses to play 18, 36, or until you just cant see the ball anymore. Doral has four courses, including the famous Blue Monster, which for many years was a regular stop on the P.G.A. Tour, and its certainly easy for your buddies to get to. Miami International Airport is just a few miles away.
Like many golf courses and golf resorts, Doral has faced serious challenges from rising competition and a decline in the number of people playing golf. In 2012, the Trump Organization purchased Doral out of bankruptcy court for a hundred and fifty million dollarsDeutsche Bank provided a mortgageand added Trump National to its name. Once Trump bought the property, he started an extensive renovation, which was completed in 2016. The Trump Organization claimed that the renovation cost more than two hundred million dollars, although there is no way to verify that claim. But, in any case, Doral, which has almost six hundred and fifty guest rooms, represented a major investment for Trump, and it is by far the biggest of his golf resorts.
Despite the renovations, however, Dorals struggles have continued. They may well have intensified. In 2016, Cadillac pulled out of sponsoring the venues annual P.G.A. Tour event, which created invaluable publicity, and the organizers moved the tournament to Mexico City. (I hope they have kidnapping insurance, a miffed Trump commented.) Earlier this year, the Washington Posts David A. Fahrenthold and Jonathan OConnell, two reporters who have done sterling work tracking Trumps intermingling of his public duties with his private business interests, reported that Doral had seen a steep decline in its business since Trump decided to run for President. The resorts room rates, banquets, golf and overall revenue were all down since 2015, the Post reported. In two years, the resorts net operating incomea key figure, representing the amount left over after expenses are paidhad fallen by 69 percent.
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