Owner of Trump hotel in Vancouver files for bankruptcy

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The company that owns the Trump International Hotel in Vancouver has filed for bankruptcy. 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.

People walk past the closed Trump International Hotel Vancouver, in Vancouver, British Columbia, Friday, Aug. 28, 2020. A woman walks past boarded up doors at the closed Trump International Hotel in Vancouver, British Columbia, Friday, Aug. 28, 2020. A motorist is seen stopped by the boarded entrance to the closed Trump International Hotel in Vancouver, British Columbia, Friday, Aug. 28, 2020.

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 CDN$4.7 million in liabilities and CDN$1.1 million in assets.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.

TA Hotel Management Ltd. Limited 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.

 

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