NEW YORK (TheStreet) -- Trump National Doral in Miami is home to a handful of phenomenal, world-renowned golf courses that any golf enthusiast is certain to enjoy -- the Red Course, the Great White Course, the Jim McLean Signature Course, the Gold Course and, the brand new championship course, the Blue Monster.
These courses offer golfers a challenge like no other, leaving guests astounded and awe-inspired by the thoroughly-planned golf complex and intricate landscaping around every turn.
The Blue Monster in particular, originally constructed in 1961, has proven itself worthy of global recognition.
From 1962 to 2006 the Blue Monster hosted the Doral Open, a professional golf tournament on the PGA Tour, and since 2007 it has been home to the WGC-Cadillac Championship, bringing in big-time pros like Tiger Woods and Rory McIlroy. Earlier this year Tiger won the coveted Cadillac Championship by dominating the Blue Monster with a score of 19-under (269), and he earned $1.5 million after winning the championship for the seventh time.
The Blue Monster -- considered a crown jewel -- along with the four other courses nearby, represents prime real estate and a valuable asset for any intelligent investor, so it's no wonder that Donald Trump decided to purchase the Doral Golf Resort himself last year.
In fact, Ivanka Trump, Mr. Trump's daughter, played a major role in purchasing the Doral Golf Resort, and the family paid just shy of $150 Million, a bargain price, thanks to Ivanka's savvy negotiating skills. The family acquired the 52-year-old resort along with four of its original five golf courses.
Earlier this week I caught up with the legendary developer to ask him about the recently re-energized Blue Monster course. Trump explained: "It's a brand-new course, not just a re-do. It's an amazing piece of land that we are transforming into something spectacular. It's a bigger course and with bigger lakes. The old Blue Monster was a good course, but the new one is a great course. In fact, there is nothing like this in golf."
An experienced golfer himself, Trump worked hand-in-hand with his noted architect Gil Hanse to ensure that the newly updated Blue Monster would exceed everyone's expectations and more. Hanse was recently chosen to coordinate the design of the 2016 Olympic course in Rio de Janeiro.
Considering the historical significance of the Blue Monster, Trump and Hanse planned to preserve some elements of the course, while adding new amenities as well. The end result is the talk of the golfing world. The Blue Monster opened again for play this past Saturday.
In fact, this one-of-a-kind, 800-acre tract in south Florida brings with it a rich amount of history and breathtaking scenery that cannot compete with other world-class golf clubs. Located only minutes away from the Miami International Airport, Trump National Doral is a globally-recognized destination.
By relocating holes and fairways, building up mounds and slopes around the greens and even extending the course size itself, Trump was able to create, in his words, "a brand new, incredible course."
Trump is orchestrating the transformation of the world-class resort by injecting around $250 Million on renovations, excluding the bargain price paid of around $150 Million. Although the "new" Blue Monster is now officially up-and-running, Trump is hard at work gutting 693 hotel rooms and completely refurbishing them to "Trump" quality. Designed by Ivanka Trump in cooperation with Wimberly Interiors, the look aims for classic opulence, with neutral color schemes, mahogany furnishings and gold-leaf Spanish revival accents.
Trump has tripled the size of the course, and the facility is equipped with a one-of-a-kind night time LEED (low-energy electron diffraction) lighted range. There are five, real-life greens with bunkers and additional illuminated lights rising from the grounds across the new fairway.
Trump National Doral is the 15th golf club either owned or developed by The Trump Organization. Like every Trump property, the common theme at Trump National Doral is excellence.
It's clear to see why Donald Trump considers the Blue Monster his crown jewel and what some have suggested as the "Pebble Beach of the East Coast." By acquiring Trump Doral and extending the legendary developer's trademark to South Florida, I believe the potential value has an extraordinary multiple that is worth hundreds of millions of dollars more than he paid.
If the Blue Monster is the first indication of Trump's success at Doral, Miami should be pleased that Donald Trump has brought his checkbook to town. In the words of Carly Simon, "nobody does it better."