Trump International Hotel in Vancouver closes permanently
BY MORGAN GSTALTER - 08/29/20
The Trump International Hotel in Vancouver has closed permanently just three years after opening, and the management company that owns it has filed for bankruptcy.
Hotel operator TA Hotel Management Partnership Ltd. filed for bankruptcy on Thursday, according to documents obtained by CBC News.
The front entrance to the hotel has since been boarded up. Workers at the front concierge desk told the Canadian outlet that the hotel is empty and staff is gone.
A union representative for hotel staff told CBC the news came as a shock and staff learned of the closure from media reports.
The land and building is owned by TA Global Berhad, a multinational Malaysian property company headed by Tiah Joo Kim, who pays Trump’s company to operate the hotel and license the Trump name.
The bankrupt filing showed TA Hotel Management had assets of $1.1 million and debts of $4.8 million. Grant Thornton Ltd. was named bankruptcy trustee.
TA Global has cited the pandemic for the shuttering of the hotel. More than 200 employees were laid off in April at the onset of the health crisis.
The $360-million complex featuring the 147-room hotel opened just weeks after Trump’s inauguration. The February 2017 ribbon cutting featured three of the president’s children — Donald Jr. Trump, Eric Trump and Tiffany Trump.
The Hill has reached out to TA Global and the Trump Organization, owned by the president but run day-to-day by his eldest sons, for comment.
http://thehill.com/business-a-lobbying/514252-trump-international-hotel-in-vancouver-closes-permanently?fbclid=IwAR1er2Z9SK2n9OKbONEErXFQviSa2GQhAzf1Po5rcLec0U2DINwbvDgv--k&fbclid=IwAR2dqLIZgR_tEGQfR6ufORbY87Yft_zUHXaYyfpfuT946BceeN4s0u1JUsA
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