trump tower toronto

Nobody wants to buy Toronto's Trump Tower

Toronto's Trump International Hotel and Tower has seen its fair share of action.

From a supposedly wobbly antenna to a major protest, the hotel and condo building never fails to attract attention, especially now that it has a glow-in-the-dark light installation running up and down its spire.

However, it didn't get any love, or bids, from potential buyers in a court-run sale.

According to Thomson Reuters, the ownership of the building will likely fall to its main debt holders.

"No qualified bids apart from a stalking horse offer of $298 million were received for the luxury hotel and condo property by an initial deadline, the receiver, FTI Consulting, said in a letter dated Feb. 21 and seen by Reuters on Monday," reads the report

"As a result, the Receiver has determined that the Stalking Horse Bidder is the Successful Bidder," the letter continues.

On behalf of developer Talon International Inc., Trump licenses its name and manages the building at Bay and Adelaide.

Lead photo by

Lori Whelan


Join the conversation Load comments

Latest in City

8 subway stations are shutting down on the TTC this weekend

Toronto police issue photo of Parkdale prowler suspect

People want to hunt down the man who dragged a dog behind car near Toronto

Flying piece of wood smashes through car windshield on busy Ontario highway

Heat wave on the way for Toronto with temperatures set to feel around 40 C next week

Huge new casino and resort opens near Toronto

Toronto neighbourhood alarmed by man knocking on bedroom windows

Toronto is getting some cool new green train tracks as part of the Eglinton Crosstown LRT