Trump International Hotel in Vancouver Closes Amidst Bankruptcy Filing

By Kurt Stolz on 29 August 2020
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The Trump International Hotel in Vancouver closed its doors after just three years and its operator filed for bankruptcy.

Citing the drop in demand in travel amidst the coronavirus pandemic, the operator, TA Hotel Management Partnership, filed for bankruptcy protection on Thursday, according to court papers.

“Its ongoing expenses since the outbreak of Covid-19 and lack of revenue has placed TAHMLP into a position of insolvency,” the company said on its website.

Holborn Group, which owns the tower, licensed the Trump name for the hotel in 2013.  The 69-story hotel opened in 2017 in downtown Vancouver amidst protests against President Trump.

Court records show that TA Hotel Management had assets of 1.1 million Canadian dollars ($839 million) and debts of 4.8 million Canadian dollars.

(Photo: Accura Media Group)

Accura News

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