Donald Trump Close to Buying Blue Monster: Report

Deal could come just in time for high-profile golf tournament March 7-11

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    NEWSLETTERS

    FilmMagic
    Donald Trump

    The Donald is close to sealing a deal to buy the Doral Golf Resort and its renowned Blue Monster course just in time for the 2012 Cadillac Championship there in March, The Miami Herald reports.

    A ruling by a bankruptcy judge this week allowed the owner of the 692-room hotel and property, the Paulson & Co. hedge fund, to move ahead with a $150 million sale to Donald Trump, the newspaper reported.

    His bid is expected to be the only one, but other would-be Doral owners have until Friday to make their pitch.

    Trump appears to have an expensive renovation in mind for the 50-year-old property, one that could perhaps cost as much as the purchase price, according to the Herald. It reports that people close to Trump view the Doral Golf Resort as dated and not living up to its potential as a top resort close to Miami.

    The latest season of Trump's NBC show "The Celebrity Apprentice" just began.

    World No. 1 Luke Donald, reigning U.S. Open champion Rory McIllroy and Tiger Woods are lined up to play in the tournament March 7-11.