Toronto Trump Tower sold for $300 million

Latest Videos

Toronto's Trump International Hotel & Tower was never owned by Donald Trump's company. Instead, it licensed its name to Talon International and managed the building at Bay and Adelaide.

But now the 65-storey hotel and condo in the heart of the city's Financial District has been sold to its main debt holder JCF Capital for $298 million, as the Canada Press reports.

Apart from JCF Capital's stalking horse bid, no one else wanted to buy the building. A judge approved of the sale yesterday.

Since opening in Toronto, the Trump Tower has faced lots of controversy and a lawsuit.

Lead photo by

Philip Johnson

Latest Videos

Join the conversation Load comments

Latest in City

New laws and rules coming to Ontario next month

Toronto getting a new park that will just be torn up and replaced by another park

Canadians about to get first child tax payment of 2025

Toronto's metro area population has officially exceeded 7 million people

Ontario residents are about to get their $200 provincial rebate cheques

Here's how much more people in Ontario are taxed than other provinces and U.S. states

Canada about to clamp down on immigration eligibility and here are the facts

Toronto is hiring for a ton of jobs right now and many pay over $100K