Deal Done. Now What?
05/22/2012 2:13 PM
05/24/2012 1:26 PM
Eric Trump says that when completed, the Trump National Golf Club, Charlotte “will be the best club in North Carolina and beyond.” Eric, son of real estate mogul Donald Trump, took the lead in much of the negotiations that took place with members in the purchase of the upscale Mooresville facility, formerly the Point Lake and Golf Club. The deal was finalized in April when Donald Trump paid $3 million for the club, including the Greg Norman-designed golf course and tennis facilities. The younger Trump says they are now focusing on making improvements, and will spend millions on upgrades. “I see hundreds of golf course properties each year,” says Eric Trump. “This property is very special.” Trump says part of what attracted him and his father to the course is its desirable lakeside location, with 14 holes alongside the water. The existing layout and the quality of the greens, along with the community’s Nantucket-style village, with cobblestone streets and shops, also made the property attractive, says Trump. “It is an unbeatable combination with tremendous potential, and we want to build upon and refine what already is a very desirable property.” Trump, executive vice president of development and acquisitions, says that the Trump Organization is currently working on adding two additional tennis courts at the club, and will bring in an entire new fleet of golf carts. Other planned upgrades include enhancements the club’s restaurants, ballroom and locker rooms. “We are going to create a special place that offers an unparalleled experience,” says Trump. Trump says they also have big plans for the golf course, stressing that a hallmark of the many courses they own is that they are extremely challenging and designed to accommodate golfers looking for a challenge. “We are developers first and foremost,” says Trump. “Having the best physical properties and great assets is meaningless unless we manage our operations to the highest level of quality to match.”
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