Toronto Trump Tower owner ‘no longer interested in the Trump brand’
Talon investments owns the property which was managed by a Trump-owned company, but it’s now being sold after defaulting on debt.
The Globe and Mail reports that the Trump International Hotel & Tower Toronto is on the verge of being sold to an unnamed new owner after its current one failed to pay back a $260-million construction loan last year.
The sale will likely mean the Trump name will disappear from the building.
Talon’s clients are “no longer interested in the Trump brand” because Trump himself has damaged it, company lawyer Symon Zucker said.
“It’s more important for him to be president than run a successful business,” Zucker told the Toronto Star last month.