Donald Trump agreed to pay $170 million for Miami’s Doral Golf Resort & Spa, a luxury property put into bankruptcy earlier this year by hedge fund Paulson & Co. and Winthrop Realty Trust.
The agreement will be filed with the U.S. Bankruptcy Court in New York next week, and the transaction probably will be completed in the first quarter of next year, Winthrop chief executive officer Michael Ashner said in a telephone interview.
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