The hotel named after US President Donald Trump from the great city of Western Canada has reportedly accumulated $ 4.8 million in debt.
By Ludovic Hirtzmann
–For those who love signs, this is a bad omen for Donald Trump, just two months before the American elections. The Trump Hotel (photo) of Vancouver goes bankrupt. Temporarily closed since early April due to the coronavirus pandemic, the establishment will not reopen. Undermined by debts of $ 4.8 million according to the benchmark daily The Globe and Mail, the Trump Hotel in the great city of Western Canada was located in the business district, a few hundred yards from the beautiful Vancouver Bay.
Guests will no longer be able to enjoy the lovely “Spa Ivanka Trump”. Despite competitive rates for a luxury hotel – starting at $ 280 a night – the latter has never been successful. It’s even the disappearance of one of Vancouver’s most hated places. The son of Republican President Donald Trump Junior had inaugurated it in February 2017, booed by hundreds of protesters hostile to the tenant of the White House. The city’s mayor at the time, Gregor Robertson, had himself refused to attend the inauguration.
Ecology in the heart of the city
The commercial failure of the Trump Hotel is hardly surprising in a city where ecology is at the heart of the city and where the ideas of the American president are unpopular. The Trump Organization should not bear the brunt of this bankruptcy. Donald Trump lends only his name. The hotel is a franchise owned by TA Global Berhad, a Malaysian group, whose CEO, Joo Kim Tiah, is the son of one of Malaysia’s wealthiest families. While the closure of the Trump Hotel is a relief for Vancouverites, creditors will have to meet on September 16 to settle their accounts.
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