After years of problems, Trump hotel in Toronto is put up for sale
It has been plagued with construction delays, financial woes and lawsuits since 2012 opening
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TORONTO'S Trump International Hotel & Tower, a glitzy development that has been plagued with construction delays, financial problems and lawsuits since its opening in 2012, is for sale. And there is no guarantee the new buyer will keep the name of the US president-elect on the building.
CBRE Ltd, the Canadian unit of the global real estate brokerage firm, said that it is offering the 65-story property in Toronto's financial district at a minimum price of C$298 million (S$324 million) under a sale procedure approved by a court-appointed receiver. The developer had described it in the past as a C$500 million project.
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