Owner of Trump hotel in Vancouver files for bankruptcy

VANCOUVER, CANADA (AP) — The company that owns the Trump International Hotel in Vancouver has filed for bankruptcy.

According to the Office of the Superintendent of Bankruptcy Canada, TA Hotel Management Limited Partnership filed for bankruptcy on Thursday. Records show the company has CAD4.7 million (USD3.59 million) in liabilities and CAD1.1 million (USD840,000) in assets.

The first meeting of creditors is expected on September 16.

A call to the hotel’s reservation desk was not answered, nor was a call to TA Hotel Management Ltd.

The hotel officially opened in February 2017 with Donald Jr and Eric Trump attending, along with developer Tiah Joo Kim. Protestors gathered outside and then Mayor Gregor Robertson and other local politicians did not attend the ceremony.

The hotel employed about 250 people.

The 63-storey building is the second tallest building in Metro Vancouver. The hotel’s 147 guest rooms, amenities, and ballrooms occupy the first 15 floors. Above that are 217 condominiums.

TA Hotel Management Ltd Partnership is a subsidiary of TA Global Berhad, which is based in Kuala Lumpur, Malaysia. Kim has been the company’s CEO since January 2016.

The company’s website lists the Trump International Hotel & Tower Vancouver “amongst the landmarks that we have created”.

Kim is also CEO of Vancouver-based Holborn Group, which has a licensing agreement to use the Trump name.

A woman walks past the closed Trump International Hotel in Vancouver, British Columbia. PHOTO: AP