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Trump Ocean Resort Baja, Mexico Sells More Than $120 Million of Luxury Resort Residences.


Real Estate Selection Event Sets New One-Day Sales Record for Mexico

SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay.  -- On Friday December 8th, buyers purchased more than $122 million of Trump Ocean Resort Baja, Mexico's condo-hotel residences, setting a one-day real estate sales record for the country. Priced from the $200,000s to nearly $3 million, the 188 suites sold represented 80% of Phase I of the project.

The Trump Baja results come just one month after the one-day, world record $700 million sell-out of Trump International Hotel & Tower Waikiki Beach Walka. Combined, Baja and Waikiki topped $820 million in luxury residences sold during the two single-day sales events Noun 1. sales event - an occasion (usually brief) for buying at specially reduced prices; "they held a sale to reduce their inventory"; "I got some great bargains at their annual sale"
cut-rate sale, sale
.

Partners in both projects include The Trump Organization The Trump Organization is the primary company of Donald Trump, a prominent American real estate developer. Trump is the current CEO of the company. The company oversees nearly all of the business development interests of Donald Trump, such as real estate, hotels, golf clubs, etc. , with Los Angeles-based development partner Irongate and sales & marketing firm S&P Destination Properties.

"The success of Trump Ocean Resort Baja has capped off an extraordinary month for our luxury real estate offerings," said Donald J. Trump. "We're looking forward to starting construction and creating one of the finest resorts in all of Mexico."

"Trump will be the first truly world-class resort in Baja," said Jason Grosfeld, co-founder of Irongate. "The design, architecture and service will be unsurpassed in the region."

Located just 30 minutes from downtown San Diego, Trump Ocean Resort Baja will be highly distinguishable from other properties in the area. The property will boast a collection of amenities and features found only at luxury resorts, including an owner's concierge; a lobby bar & lounge; a pool house bar & caf'A; a fine dining restaurant; an infinity edge resort pool; lap and family pools; a spa and fitness center; tennis courts and walking trails.

"As evidenced by Friday's sales results, Baja is clearly gaining momentum as a destination," said Sid Landolt, president of S&P Destination Properties. "This is more good news for the resort real estate market. Clearly there's still a lot of interest and demand for high-end vacation real estate."

Construction is scheduled to begin in early 2007 with the completion of the first tower anticipated in late 2008. Phase Two is set to be released in early 2007.

For more information about ownership at Trump Ocean Resort Baja, visit www.trump-baja.com, or contact Brendan Mann, Director of Sales, at bmann@sprealestate.com or 866-858-8736.

Donald J. Trump is the very definition of the American success story. In 1980, he established The Trump Organization as the umbrella company In the United Kingdom, an umbrella company acts as employer to independent contractors who work under temporary contract, usually through a specialist employment agency. Recruitment agencies will only issue contracts to a Limited Company; since the introduction of the MSC (Managed  for all of his real estate development and other corporate affiliates. He has continually set new standards of excellence while expanding his interests in luxury residential real estate, world-class hotels, office buildings, championship golf clubs, gaming, merchandising and entertainment.

From project development to construction, sales and property management, The Trump Organization and its affiliates have carried out a variety of complex real estate deals.

In addition to being one of the largest developers and property managers in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, Mr. Trump is currently building residential, hotel and golf club projects in Waikiki, Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , Chicago, Ft. Lauderdale, Miami Beach Miami Beach, city (1990 pop. 92,639), Dade co., SE Fla., on an island between Biscayne Bay and the Atlantic Ocean; inc. 1915. It is connected to Miami by four causeways. , Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , the Caribbean, Westchester, N.Y. and Bedminster, N.J. He also continues to be active with numerous literary pursuits, charitable organizations This article is about charitable organizations. For other uses of the word charity, see Charity.
A charitable organization (also known as a charity) is an organization with charitable purposes only.
 and his worldwide number one hit reality television show, The Apprentice A person who agrees to work for a specified time in order to learn a trade, craft, or profession in which the employer, traditionally called the master, assents to instruct him or her. .

About Irongate

Irongate is an integrated real estate development and investment company. The Los Angeles-based company blends entrepreneurial creativity, financial discipline, and environmental and cultural sensitivity to each of its development projects. Irongate believes in creating value by being thoroughly immersed im·merse  
tr.v. im·mersed, im·mers·ing, im·mers·es
1. To cover completely in a liquid; submerge.

2. To baptize by submerging in water.

3.
 in all aspects of its projects from inception through realization, including design and architecture. This philosophy has produced a track record of success for its partners and affiliates. Irongate currently invests in five asset classes: residential, office, retail, industrial and land.

About S&P Destination Properties

S&P Destination Properties is a world leader in the resort and luxury real estate business. The company specializes in the envisioning, design, marketing and sale of the world's finest World's Finest may refer to:
  • A number of DC Comics- related media, typically involving the teaming up of iconic superheroes Superman and Batman.
  • World's Finest Comics
 real estate. The S&P brand promise is better real estate, better experiences. The vision of S&P is to bring the finest real estate on earth to those that appreciate the irreplaceable experiences that only come with ownership.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 11, 2006
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