Donald Trump Buys Two Golf Courses
Filed under: Real Estate Developments
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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