The company that owns Vancouver’s Trump International Hotel has filed for bankruptcy, as indicated by reports from the Office of the Superintendent of Bankruptcy Canada.
Staff who addressed the hotel phone Friday morning said the inn has shut forever.
Hotel operator TA Hotel Management Partnership Ltd. declared financial insolvency on Thursday. TA Hotel Management Limited Partnership is a subsidiary of TA Global Berhad.
TA Global Berhad’s website says it is situated in Kuala Lumpur, Malaysia, and engaged with property improvement and speculation, with extravagance highrises in key areas around the world.
Chief Tiah Joo Kim has been in charge of TA Global Berhad as CEO since 2016, as indicated by his online bio. He opened the Trump inn in Vancouver in 2017 and not long after communicated worries about the arrangement, in the midst of protests.
A creditor’s meeting is scheduled for Sept. 16.
Kim, who is also CEO of Vancouver-based Holborn Group, did not respond to requests for comment. Bankruptcy files list TA Hotel Management Partnership’s liabilities at $4.8 million, with assets of $1 million.
On Friday, two people answering the phone at the front concierge desk said the hotel is empty and the staff are gone.
Meanwhile calls to make bookings Thursday and Friday were refused by staff who said the hotel was not taking any business. The online booking portal for the luxury hotel shows no rooms available beyond Aug 27.
Repeated calls for more information to Holborn Group and the hotel manager, who is based in Hawaii, were not returned.
The front entrance to the hotel is boarded up, and the online booking system does not connect to staff.
Earlier this month Vancouver Coastal Health expanded a warning about a possible coronavirus exposure at the hotel’s lounge, called the Ivy, between Aug. 7 and 9.
There were protests in 2017 when the hotel opened and unveiled the gleaming silver Trump name emblazoned on its front facade.
Photo credit: The Associated Press
News source: CBC News