Construction News

17/06/2014

Trump Finalises Turnberry Resort Acquisition

US property tycoon Donald Trump has confirmed he has finalised his purchase of the Turnberry Golf Resort in Scotland.

As a result of the acquisition, the venue will be renamed Trump Turnberry.

Mr Trump, who bought the resort from Dubai-based Leisurecorp, added that he will spend at least £100m on renovation works. Further plans for the resort are due to be announced on 2 July when he visits the site.

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In a statement, he said: "I am honoured to own and manage this magnificent property, perhaps the most exciting property there is. We will be spending a great deal of time, effort and money to make Trump Turnberry the finest resort of its kind anywhere in the world.

"I would like to thank Starwood Hotels & Resorts for working with us, in the best interest of property, to bring about this historic acquisition."

Trump Turnberry will be managed by The Trump Organization. The hotel will be part of a franchise agreement with Starwood Hotels and Resorts.

(JP/IT)

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