TA Hotel Management has filed for bankruptcy, stating it had total liabilities of $4.8-million and assets of only $1.1-million
Protesters hold signs during the grand opening of the Trump International Hotel and Tower in Vancouver on Feb. 28, 2017.The Vancouver hotel that bears the name of Donald Trump has closed and its hotel-management company has filed for bankruptcy after years of complaints from residents and politicians about the Trump presence in the city.
The disappearance of the hotel designed by prominent Vancouver architect Arthur Erickson was not lamented by some city residents. Mr. Tiah is one of the directors of TA Hotel GP Ltd., which is listed as the only partner of TA Hotel Management. The latter company would be the entity that oversaw the non-condo portion of the building as part of its hotel-management agreement with the Trump Organization.
Mr. Wall runs the Sheraton-branded hotel he built on Burrard Street. He said Mr. Tiah’s company, Holborn, would have made most of its money from the sale of the 217 condos on the other floors of the building – a common phenomenon with recent hotels in Vancouver. The building included a high-end chain restaurant from Hong Kong, Mott 32, which also just posted a notice saying it is closed.
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