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Trump Golf Club in Puerto Rico Cleared for November Auction

Submitted by jhartgen@abi.org on

Bankruptcy Judge Enrique S. Lamoutte authorized a November auction of the Trump International Golf Club in Puerto Rico, where an investor group will start the bidding at $2 million, Dow Jones Daily Bankruptcy Review reported today. Leading off the bidding for the golf and country club, which isn't owned by presidential contender Donald Trump but instead licenses his name, is a $2 million offer from OHorizons Global LLC. Under the auction timeline Judge Lamoutte approved, rival bids will be due on Nov. 16. If any are received, an auction will be held Nov. 23. The judge agreed to review the winning bid at a Dec. 1 sale hearing.