New owner of a high-rise hotel and condo development reportedly paid millions of dollars to Donald Trump’s company to break off a branding contract

The Trump name is set to be scrubbed from the Toronto skyline after the new owner of a high-rise hotel and condo development reportedly paid millions of dollars to Donald Trump’s company to break off a branding contract.

US firm JCF Capital said on Tuesday that it had reached a deal with Trump Hotels to buy out its management contracts. While the Toronto hotel, which opened in 2012, was not owned by Trump, contracts inked with the building’s developer, Talon International Development, saw the project license the Trump brand and managed by a Trump-owned company.

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