The operator of the Trump International Hotel and Tower in Vancouver has filed for bankruptcy, citing a plunge in revenue after the coronavirus pandemic halted international travel.
TA Hotel Management Limited Partnership filed for insolvency Thursday, according to Canadian bankruptcy records. Grant Thornton Ltd. was named trustee.
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The tower has been closed since March and “ongoing expenses since the outbreak of COVID-19 and lack of revenue” pushed the company into insolvency, TA Global Berhad, the company’s Malaysian parent, said in a filing Friday. TA Hotel Management leased the hotel premises and operated it, according to the filing.
The gleaming glass tower opened in the western Canadian city in early 2017, months after the election of President Donald Trump. Its launch was marred by protesters. Gregor Robertson, Vancouver’s mayor at the time, wrote to the tower’s developer, Joo Kim Tiah: “Trump’s name and brand have no more place on Vancouver’s skyline than his ignorant ideas have in the modern world.”