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Trump Tower In Toronto Goes Bust

The Trump brand's just not worth a damn anymore.
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The entire piece at Politico is worth a read, for the assorted foolishness one usually associates with Trump and ventures which carry his name: the mysterious Russian bilionaire/financier, unpaid contractors, deposits on condos never returned, numerous lawsuits, and on and on it goes.

It also didn't help that since Trump began his presidential run the hotel has been the site of numerous protests against his bigoted and hateful rhetoric against immigrants. Toronto is one of the most multiculturally diverse cities in the world.

Source: Politico

The 65-story Trump International Hotel & Tower Toronto has all the glitz and ambition of the luxury-brand businessman with his name in giant letters near its spire. It’s the tallest residential skyscraper in Canada, and probably the fanciest. The hotel’s sleek cream-and-black interiors were inspired by Champagne and caviar. Every room features Italian Bellino linens and Nespresso coffeemakers. Guests can book a Trump Experience outing through the Trump Attache concierge service. Their furry friends are eligible for the Trump Pets program, which “will fill your best Fido’s tummy with gourmet treats, and see them off to sleep on a plush dog bed.”

This Trump-branded and Trump-managed jewel is also, as a business venture, a bust.

On Tuesday, a Canadian bankruptcy judge placed the glass-and-granite building into receivership, just four years after Trump and his children cut the ribbon at its grand opening. Once it’s auctioned off, whether or not Trump is the leader of the free world by then, his name may well vanish from its marquee.

Here they all are at the gala opening in 2012.


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