Toronto St Regis Toronto Hotel and Residences | 281.93m | 58s | JFC Capital | Zeidler

^^ Is it confirmed that the buyer will be able to remove the Trump name? I thought the new building owner would need to continue to license the Trump brand as per the existing contract?
 
bgobgo said:
^^ Is it confirmed that the buyer will be able to remove the Trump name? I thought the new building owner would need to continue to license the Trump brand as per the existing contract?
Click to expand...

The media reports are not entirely clear on the matter, and I can only imagine that the receiver and prospective purchasers are keeping their respective cards close to their chests on that one. I don't doubt law firms are writing opinions on that as we speak.
 
ChesterCopperpot said:
Not a single bid for the hotel

https://twitter.com/CBCAlerts/status/838806640040243200
Click to expand...

I'm willing to bet it is related to...

bgobgo said:
^^ Is it confirmed that the buyer will be able to remove the Trump name? I thought the new building owner would need to continue to license the Trump brand as per the existing contract?
Click to expand...

Skeezix said:
The media reports are not entirely clear on the matter, and I can only imagine that the receiver and prospective purchasers are keeping their respective cards close to their chests on that one. I don't doubt law firms are writing opinions on that as we speak.
Click to expand...

...and the opinion being no.
 
Waterloo_Guy said:
This is bad news. It means we wont have a new owner to fix it up and keep the light feature active.
Click to expand...
you do get new owners.......the current lender now gets to convert their debt into ownership....they may, then, go out and seek buyers/investors in a non-court process...the only way the current owners get to keep it is if they can convince the current lender that they should settle their debt for less than 100 cents on the dollar.
 
You must log in or register to post here.

Back
Top