Toronto’s Trump Tower up for sale after owner defaults on debt

The St. Regis Toronto is a mixed-use skyscraper in Toronto, Ontario, Canada.It was built by Markham-based Talon International Development Inc., which is owned by Canadian businessmen Val Levitan and Alex Shnaider.It is currently owned by InnVest Hotels LP. After it opened in 2012 as the Trump International Hotel and Tower Toronto, the hotel was controversial for its affiliation with Donald.

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Donald Trump and the late Rob Ford, then-mayor of Toronto, shake hands at the grand opening of his new Trump International Hotel & Tower in Toronto, Ont., April 16, 2012.

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Trump Tower Toronto To Be Sold Off After Debt Default: Report (huffingtonpost.ca). Do literally none of you understand that the tower’s owner paid Trump to use his name?. Also Trump sued Talon to stop the sale. So I would say it’s very related to Trump. permalink; embed;

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Donald Trump called himself a “genius” for investing in Toronto's Trump Tower. Behind the scenes, he had no money on the line. The inside.

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The Toronto Star reports: Investors who want a piece of the Trump name may now have their chance. The Trump International Hotel & Tower in Toronto is likely to hit the market as the owner of debt on the property seeks a sale. JCF Capital ULC, a closely held firm, recently bought the construction loan.

Office vacancies are falling in Toronto and the rest of Canada amid economic growth led by the oil and natural-gas industries. Investor interest in commercial property is rising after. story tower.

A tower bearing GOP nominee Donald Trump’s name in Canada is set to be sold after its owner defaulted on loans, citing that the property’s profitability failed to meet expectations. On Nov. 1, a Canadian bankruptcy judge placed the Trump International Hotel & Tower Toronto into receivership after its owner, Talon International, defaulted on a $301 million dollar loan in 2015, Huffington.