Trump buys Irish golf course Doonbeg
Tuesday, February 11, 2014
The Trump golf portfolio just got bigger. And even more prestigious, what with the purchase today of the much-acclaimed, if financially beleaguered, Doonbeg Golf Club in County Clare, Ireland.
The Greg Norman-designed 18-hole links course, ranked No. 15 on the Golfweek’s Best List of Modern Courses in Great Britain and Ireland, ambles through wild, towering sand dunes on the southwest coast of Ireland. Opened in 2001, the 400-acre property includes 2 1/2 miles of Atlantic Ocean coastline and a 218-room lodge and spa. Financial terms of the transaction were not disclosed.
The purchase brings the Trump portfolio to 15 fully owned golf properties – 21 golf courses in all. The Trump Organization also manages Trump Golf Links at Ferry Point, N.Y., on behalf of New York City’s Parks Department.
Donald Trump Sr. has made no secret of his desire to take advantage of a financially troubled golf market by picking off choice properties. A fair golfer himself, he likes to tout his business acumen in identifying underperforming golf properties that afford him an opportunity to revive the facility’s bottom line. As he said last month at the PGA Merchandise Show in Orlando, Fla., “I’m a 5-handicap in golf but a plus-5 in real estate.”
His son, Donald Trump Jr., executive vice president of development and acquisition for the Trump Organization, told Golfweek today that “Doonbeg is an incredible asset, something that had been on our radar for quite some time. We went from getting involved to finalizing the deal in several days. It’s a very special jewel to add onto the crown that my father has amassed in the last few years.”
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Trump golf portfolio
- Trump International Golf Club, Dubai, United Arab Emirates
- Trump International Golf Club, Puerto Rico – Championship Course, International Course
- Trump International Golf Links, Ireland
- Trump International Golf Links, Scotland
- Trump National Golf Club, Bedminster, N.J. – Old Course, New Course
- Trump National Golf Club, Charlotte, N.C.
- Trump National Golf Club, Colt’s Neck, N.J.
- Trump National Golf Club, Hudson Valley, N.Y.
- Trump National Golf Club, Jupiter, Fla.
- Trump National Golf Club, Los Angeles
- Trump National Doral Golf Club, Miami – Blue Monster, Gold Course, Jim McLean Signature Course, Red Course
- Trump International Golf Club, Palm Beach, Fla.
- Trump National Golf Club, Philadelphia
- Trump National Golf Club, Washington, D.C. – Championship Course, River Course
- Trump National Golf Club, Westchester, N.Y.
• Trump Golf Links at Ferry Point, N.Y.
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