Donald Trump spent more than three years trying to establish a “landmark” hotel at the world-famous home of golf, making at least four failed offers for one of Scotland’s showpiece properties, a Scotland on Sunday investigation can reveal. The US president and his children held high-level talks with senior Scottish banking executives to try and take over Hamilton Hall in St Andrews, one of the most prized venues in world golf, which is now home to some of Scotland’s most expensive properties. However, Trump was repeatedly rebuffed in his attempts to secure financing for what would have been his first international hotel venture. The 71-year-old offered to pay as much as £23m to secure the grand 19th century building overlooking the Old Course’s 18th green. But he insisted on receiving a mortgage and loan totalling £38m, a deal financiers deemed “too risky.” One Bank of Scotland executive who met the property magnate at Trump Tower … [Read more...] about Donald Trump’s failed attempts to buy landmark St Andrews hotel
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0 Have your say Donald Trump tried and failed to convince one of Scotland’s leading banks to provide him with nearly £40m in order to bankroll his attempted purchase of one of the country’s most prestigious properties, Scotland on Sunday can reveal. The US president asked the Bank of Scotland for £38m in financing as he tried to establish what would have been his first wholly owned hotel venture outside of the US.READ MORE: Revealed: How Donald Trump tried and failed to buy one of Scotland’s most expensive propertiesThe 71-year-old, whose portfolio of Scotland-based businesses includes the coveted Trump Turnberry hotel and golf course in South Ayrshire and Trump International Golf Links in Aberdeenshire, wanted to create a luxury hotel at St Andrews, the home of golf.READ MORE: A history of Hamilton HallThe real estate developer turned politician tried for more than three years to purchase Hamilton Hall, the iconic Victorian sandstone building … [Read more...] about Donald Trump St Andrews: US President’s secret attempts to buy landmark hotel
0 Have your say If there is one key question raised by Donald Trump’s fruitless pursuit of Hamilton Hall, the iconic sandstone property overlooking the home of golf, it is why he asked the Bank of Scotland to provide financing for the deal. Out of four offers he or his companies proposed for the St Andrews landmark, two stipulated that Trump’s firm would in turn receive either a mortgage, a loan, or both.READ MORE: US President’s secret bid to buy one of Scotland’s most prestigious propertiesOn 15 October 2008, the date he submitted his first offer to the bank, he proposed a purchase price of £23m, yet asked for a mortgage for the same amount, as well as a construction loan for £15m. Assessed in isolation, the fact Trump sought out financing for what would have been his first international hotel venture is far from unusual. That is, after all, how he has conducted his business over much of his career. READ MORE: Revealed: How Donald Trump … [Read more...] about Donald Trump St Andrews: Why did billionaire Trump need bank support?
0 Have your say He has admitted that the Open Championship was the one that got away but age has not withered his determination and Bernhard Langer has worked hard to ensure there would be no such profligacy on the seniors tour. The former world No 1, who grabbed two Masters titles in a successful career that has proved the perfect springboard for even more glory among the legends of the game, has already won three Senior Open trophies and is hoping to make history at the end of July.Currently tied with Tom Watson and Gary Player with a trio of triumphs each, another successful championships would see him edge ahead of those other golfing greats in the honour roll.The fact he will have the chance to do it at the home of golf is an opportunity that is not lost on the 60-year-old German.Runner up in two Open Championships, the second, in 1984, was to Seve Ballesteros on the historic Old Course, while he mustered a fifth place finish there in 2005, when Tiger Woods won the … [Read more...] about Bernhard Langer: St Andrews is perfect stage for history bid
Young Hartlepool golfer Cameron Wallace is celebrating after winning a major honour on one of the most famous golf links in the world. Cameron beat off over 40 other hopefuls from all over Britain to land the Association of Colleges Championship on the links of St Andrews.The 18-year-old not only carded the lowest winning score in the history of the championship but did it just in the nick of time due to the age limitations of the tournament restricting the entrants to 18 years and under.Cameron said: “I could have played even better, but at the end of the day I won.“I don’t go into a competition to come second.“I can’t play again due to my age, but this has been a very good ending to my college golf era.”Cameron had played in the competition two years ago, disappointed to finish runner up, then missed last year’s championship due to the pressure of studies.With little tournament experience under his belt this year, Cameron started a regimen of … [Read more...] about Young Hartlepool golfer Cameron Wallace wins Association of Colleges Championship at St Andrews