Treetop golf resort in Palm Beach, Florida, is being sold to a developer that would transform it into a luxury resort.
The move comes as Donald Trump Jr. has been busy touting the construction of a luxury residential tower in New York City, but his son is trying to sell the resort for $50 million.
The president’s oldest son has also been working to secure other properties around the world to develop.
Trump Jr., who is a Trump Organization board member, is negotiating with several Chinese investors about a $500 million residential development on land near the resort.
He said in a statement that the property is “being eyed by a developer with a strong track record of developing luxury resorts in China” and plans to announce its terms soon.
Trump’s company also is seeking a “substantial” piece of land for a golf course on the eastern shore of the Florida Keys.
A group of developers has been working on the development, which could cost up to $60 million.
They are trying to lure Trump to Palm Beach.
The new development would be the third major project Trump has attempted to sell since he took office.
The resort was purchased by Trump in 2014 for $150 million, a deal that included a $1.2 billion loan.