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Operator of Trump tower in Vancouver files for bankruptcy

TA Hotel Management Ltd. filed for bankruptcy on Thursday
The Trump International Hotel has been the site of many protests since its opening in Feb. 2017. Photo: Sarah Grochowski

News of the permanent closure of Trump International Hotel and Tower Vancouver has been followed by confirmation that its organizational subsidiary has filed for bankruptcy.

TA Hotel Management Ltd. – the hospitality division of the Vancouver developer Holborn Group, which operates the 1161 W Georgia St. property – has raised a white flag.

Documents obtained by Vancouver Is Awesome from the Office of the Superintendent of Bankruptcy Canada show the hotel operator filed for bankruptcy on Thursday.

Records show TA Hotel Management has liabilities amounting to $4.8-million and assets of $1.1 million. The first meeting of creditors is planned for Sept. 16.

The Trump-branded hotel had only been up and running for a few years and had been the site of numerous protests.

It first opened in Feb. 2017 and closed recently, in early April, due to the COVID-19 pandemic.

Its restaurant, Mott 32, is also closed – but “not due to COVID-19,” a sign on its door reads.

Reservations are no longer being taken at the 147-room hotel.

On Aug. 27, Business In Vancouver phoned to try to make a reservation in October, and the concierge who answered said his name was Benjamin, and that "the hotel is closed indefinitely but thank you so much for thinking of us."

Vancouver Is Awesome has contacted Holborn Group for further comment.