• Politics

Trump-branded Golf Club in Puerto Rico Files for Bankruptcy

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The Trump International Golf Club Puerto Rico, which bears the name of Republican presidential hopeful Donald Trump, has filed for bankruptcy.

Coco Beach Golf & Country Club S.E. filed the petition Monday, listing $9.2 million in assets but approximately $78 million in debt, Bloomberg reports.

The resort opened in 2004 but was renamed after Trump following the licensing of his name in 2008. Trump International Golf Club Puerto Rico is not actually listed on Trump’s website as one of his many golf properties.

A representative for Trump did not respond immediately to Bloomberg’s request for comment.

 

[Bloomberg]

 

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Write to Nolan Feeney at nolan.feeney@time.com