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TORONTO — The new owners of the Trump International Hotel and Tower Toronto have reached a deal that will see the Trump name removed from the property.
JCF Capital says it has reached an agreement with Trump Hotels to buy out the management contracts for the property for an undisclosed amount.
The joint venture between Juniper Capital Partners and Cowie Capital Partners was the successful bidder for the property’s 211 hotel units, 74 residential units and most of its commercial, retail and amenity space.
Although the Trump brand has been on the downtown property, the Trump Organization has never owned the real estate — which has been the focus of a long-running legal battle.
Representatives of both companies say their relationship has been good and they may work again together in the future.
