Donald Trump Buys Two Golf Courses
Donald Trump has been snapping up golf courses recently. Trump recently picked up the Pine Hill Golf Club in South New Jersey. The semipublic course designed by Tom Fazio will be renamed the Trump National Golf Club-- Philadelphia. Trump is planning to turn the 10-year-old course into an ultra exclusive, high-priced course like the rest in his portfolio.Trump also picked up the Branton Woods Golf Club in New York. Both clubs were bought from Empire Golf Management and were reportedly two of Empire's least profitable courses. The golf course industry has been lagging in recent months and we've seen some courses face foreclosure. According to the Philadelphia Inquirer, Empire still owns its four most profitable golf courses. The plan is to make Pine HIll one of the more affordable of the clubs owned and managed by Trump. Both courses will receive multimillion dollar Trump makeovers. Other Trump courses include the hotly contested Scotland project in Aberdeenshire.
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Reader Comments (Page 1 of 1)
jasonfgd Dec 26th 2009 4:28PM
This is an interesting real estate play as the demand for golf - measured by the number of rounds played - has been stagnant or declining for 10 years. Time is the issue, not affordability. If all else fails, Trump can build homes on those large tracks of land.