11-04-2016, 12:12 PM
|
|
|
Videochat Solutions
Industry Role:
Join Date: Aug 2004
Location: Canada
Posts: 48,540
|
A Trump Tower goes Bankrupt
A Trump Tower Goes Bust in Canada - POLITICO Magazine
Quote:
The 65-story Trump International Hotel & Tower Toronto has all the glitz and ambition of the luxury-brand businessman with his name in giant letters near its spire. It?s the tallest residential skyscraper in Canada, and probably the fanciest....
...This Trump-branded and Trump-managed jewel is also, as a business venture, a bust.
...Court documents show that even though investors in the hotel units were told the ?worst case scenario? for occupancy rates would be 55%, they?ve ranged between 15% and 45%.
|
|
|
|