By Andy Sambidge
US billionaire confirms deal with Leisurecorp for world famous Scottish golf resort
US property tycoon Donald Trump has confirmed a deal to buy the iconic Turnberry golf resort in Scotland from Leisurecorp, a unit of the Dubai government.
Trump confirmed he has purchased the entire South Ayrshire complex, including the hotel, for an undisclosed sum which is understood to be less than the $92.7 million paid by Leisurecorp in 2008.
The billionaire businessman told Golf.com that he wasn’t looking specifically to buy the Open venue on Scotland’s west coast, but couldn’t pass it up after an inquiry revealed it might be on the market.
“It was an opportunity, as far as I was concerned,” Trump said. “Turnberry is considered one of the greatest courses in the world. It’s a special place. It’s an important place.”
“This is a fabulous property in a great location,” Trump said. We’re going to bring a new level of luxury to the hotel. Our aim is to make it the finest golf hotel in the world.”
Trump currently owns 16 golf resorts around the globe and is developing Trump Estates in Dubai which includes more than 100 luxury villas overlooking a Trump-branded golf course within the Akoya by Damac.
The 18-hole PGA Championship golf course, to be named Trump International Golf Club, Dubai, will be spread across 6,588 metres and have a par of 71.For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.