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Four Years After Opening, the Trump International Hotel in Toronto is in Bankruptcy Court This Week

TORONTO–(ENEWSPF)–November 3, 2016

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By Jen Hayden

WASHINGTON, DC - OCTOBER 26:  Hotel employees watch Republican presidential nominee Donald Trump following a ribbon cutting ceremony at the new Trump International Hotel October 26, 2016 in Washington, DC. The hotel, built inside the historic Old Post Office, has 263 luxry rooms, including the 6,300-square-foot 'Trump Townhouse' at $100,000 a night, with a five-night minimum. The Trump Organization was granted a 60-year lease to the historic building by the federal government before the billionaire New York real estate mogul announced his intent to run for president.  (Photo by Chip Somodevilla/Getty Images)

Another Trump-branded property heads to bankruptcy court

The Trump International Hotel & Tower Toronto is going belly up, only four years after the grand opening. From Politico:

This Trump-branded and Trump-managed jewel is also, as a business venture, a bust.

On Tuesday, a Canadian bankruptcy judge placed the glass-and-granite building into receivership, just four years after Trump and his children cut the ribbon at its grand opening. Once it’s auctioned off,…

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