Adrian
For some reason I think Trump "only" paid £35m for Turnberry. I seem to recall that number. He may have then spent quite a lot of money on the property after purchase but the numbers they quote are often nonsense. For instance, you often read of the £100m course at Balmedie when I believe the Irish construction company were paid c.£7m.
Anyway, I note he was in todays paper shown cutting a ribbon. Hard to believe he'd being doing that unless he wasn't now going to go ahead and complete the course. He'd look rather foolish otherwise.
Niall
This is the text/email I had, it does not state he had spent 200M here, the main money was obs spent on the hotel which appears to have been the non return. dec 2021c
Morning
Ok to be clear, they are seeking 100m for the whole shooting match- 2 courses, hotel, clubhouse, lodges plus the 20m devel land. I was awaiting a more detailed site plan of there whole thing, hence the delay- should have shortly…speak then.
Purchase will include hotel, lodges, two golf courses, clubhouse and development land. This would suit a trophy purchaser looking to make a statement acquisition. More positively is the resort could secure the Open once again which is a huge positive.
I genuinely believe this is a great opportunity for your hotel investor to consider.
Wait to hear from you with initial thoughts.
Thanks