The former operator of the Trump Hotel Vancouver, TA Hotel Management Limited Partnership, assigned itself into bankruptcy in August 2020, with Grant Thornton as the trustee.
The Trump International Hotel and Tower Vancouver was operated by TA Hotel Management Limited Partnership , with the hotel portion of the hotel-and-residential tower managed by a locally-incorporated affiliate of Trump Hotels International, which is owned by former US President Donald Trump.the pandemic-induced closure of the hotel as the main reason for its financial difficulties.
The owners say that had Grant Thornton conducted the bankruptcy appropriately and kept to the fee estimate, they would have been able to realize $400K on the debts they were owed as the landlords. This resulted in a conflict between the two sides after Grant Thornton sought out access to the other building, with the property owners claiming that Grant Thornton did this in an attempt to get the owners to improve their credit bids, so their fees would be secured.
"This removal by the Trustee caused substantial damages to the Landlords," the owners said in their application. "Various equipment was severely damanged. Fixtures were cut out from the walls, creating damage to the premises. Electrical and plumbing connections were damaged. The premises were left in utter disarray."
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