US tycoon Donald Trump is reportedly set to buy Turnberry, the iconic Scottish golf resort, from Leisurecorp, a subsidiary of the Dubai government.
Bought from Starwood in 2008, the $55 million deal saw Turnberry transferred from Starwood to Leisurecorp. Starwood entered 50 year management agreement with Lesiurecorp to manage the hotel and conduct a major refurbishment in 2009 and iit became part of the Starwood Luxury Collection.
According to media reports, Trump, who is building a new golf course in Dubai in a deal with developer Damac, is said to be close to a £35m ($58.8m) deal for the course which is expected to host its fifth Open in the next decade.
The government unit bought the resort, which includes a 5 star hotel, for £55m in 2008.
Located in Ayrshire, Turnberry has hosted the Open four times, including the famed 'Duel in the Sun' in 1977 between Jack Nicklaus and a victorious Tom Watson.
Trump currently owns 16 golf resorts around the globe and is developing Trump Estates which includes more than 100 luxury villas overlooking a Trump-branded golf course within the Akoya by Damac.
The 18-hole PGA Championship golf course, to be named Trump International Golf Club, Dubai, will be spread across 6,588 metres and have a par of 71.