TRUMP Tower Vancouver files for BANKRUPTCY.

Discussion in 'Political Opinions & Beliefs' started by 61falcon, Aug 28, 2020.

  1. 61falcon

    61falcon Well-Known Member

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    The Trump Tower in Vancouver Canada which opened to a great deal of opposition to it's name by Canadians in 2017, not long after Dirty Donald took office, has filed for bankruptcy as of yesterday Thurs. August 27,2020. The hotel which was operated by TA Hotel Management Ltd. has been closed to customers since April 4. It had remained open only to service the upper floor apartments which are either owned or leased by permanent residents. The hotel was built by the Holborn Group at a cost of $360 Million and the financing of the construction which involved Ivanka Trump, is now reportedly under investigation by the FBI.
     
  2. 61falcon

    61falcon Well-Known Member

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    No interest in the latest Dirty Donald related bankruptcy.?
     
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  3. RodB

    RodB Well-Known Member Donor

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    TRUMP Tower Vancouver files for BANKRUPTCY.
    It rained here the other day. One more insignificant and irrelevant occurrence.
     
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  4. ArchStanton

    ArchStanton Banned

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  5. rkhames

    rkhames Well-Known Member

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    Thank you. Because of Canada policies in dealing with the coronavirus, the business is suffering. I am sure that you will see more bankruptcies in the near future. Most bankruptcies are nothing more the a restructuring their debts, you are right this is an irrelevant occurrence.
     
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  6. TheImmortal

    TheImmortal Well-Known Member

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    It was closed because they wouldn’t allow it to open. Not because there was something wrong with it lol
     
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  7. Daniel Light

    Daniel Light Well-Known Member

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    The Trump name has become as toxic as the dude himself.
     
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  8. Crownline

    Crownline Banned at Members Request

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    Lol. Canada is closed to international travel. You know that right?
     
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  9. Pants

    Pants Well-Known Member

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  10. Daniel Light

    Daniel Light Well-Known Member

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    Last edited: Aug 29, 2020
  11. Lee Atwater

    Lee Atwater Well-Known Member Past Donor

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    Exclusive: FBI counterintel investigating Ivanka Trump business deal
    https://www.cnn.com/2018/03/01/politics/ivanka-trump-fbi-investigation/index.html

    "The FBI has been looking into the negotiations and financing surrounding Trump International Hotel and Tower in Vancouver, according to a US official and a former US official. The scrutiny could be a hurdle for the first daughter as she tries to obtain a full security clearance in her role as adviser to President Donald Trump."
     
  12. ChiCowboy

    ChiCowboy Well-Known Member

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    That's all Trump does is license his name. McDonald's does as well, though they own some of their restaurants. Putting your name on something comes along with standards. When customers see those standards not being met, they associate that with the name; they don't research the individual owners and operators.

    The name does indeed mean something, whether it's licensed or not.
     
  13. fmw

    fmw Well-Known Member

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    Not really. Sorry it happened.
     
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  14. spiritgide

    spiritgide Well-Known Member Past Donor

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    As usual, ignore the whole picture. Hotels all over the nation, even the world- are going bankrupt. While you are probably unaware that there is a pandemic going on, you have surely noticed gas is cheap. Why?
    Because nobody can travel like they used to, and much less gas is being sold.... thus, it's in oversupply. Oil and gas companies get hammered; they lose money, many fail. Guess what? When hotels don't have guests, the same thing happens- no revenue comes in, but expenses continue. Hotel bankruptcies are happening all over the nation, and as these places exhaust their reserve cash and credit lines- the bankruptcies will probably increase. Right now, some classy hotels in California are surviving only by housing drunks and drugged homeless people for the local governments, who also obviously failed economics 101.

    Perhaps your economics instructor apparently failed to teach you about the effects of supply and demand on revenue, and the end results of not having a positive cash flow?
    More likely, it appeared to be a chance to throw trash at Trump, and you couldn't resist.
     
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  15. 61falcon

    61falcon Well-Known Member

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    The FACTS speak for themselves!!!
     
  16. RodB

    RodB Well-Known Member Donor

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    Well, kinda. McDonald's franchises its operation, it does not license the use of its name. A franchisee has to run its entire business according to the specs and rules of McDonald's, down to the most minute detail. However, licensing the use of a name does not put any obligation on the licensee to do anything other than send a check. It is possible (and in fact not uncommon) that the individual license has some specific (and not very many) restrictions spelled out that the particular licensee would have to follow or lose the licensing rights to the name. If a franchisee breaks the rules he can lose the entire franchise. To complete the tutorial, a franchisee pays a percentage of gross revenue and routinely gets inspected. A licensee pays a fixed steady amount and never hears from the licensor.
     
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  17. garyd

    garyd Well-Known Member

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    Not the problem here.
     
  18. garyd

    garyd Well-Known Member

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    Licensing agreement they get your name they have to meet certain minimal standards in order to keep it, and pay you for the privilege.
     
  19. Quadhole

    Quadhole Well-Known Member

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    I think they use him in name only. TRUMP TOWER. Used to be a name that mattered in the industry. Now it is nothing more than ties too lying, cheating, propaganda...
    Typical with Trump. Like in his speech the other night, announcing creating 9M new jobs while ignoring the 25M he lost. Or the billions spent by him on his family in secret service money flying them around the world on the american dime, his weekend get away's to golf while thousands die daily. I am amazed that he even has one vote left. That shows you just how gullible and Obtuse the american white person is today.
    One lie after another as if the truth never even counts. Just lie, lie again, and lie some more. Add large fireworks to make the lies disappear. Trump 2020 in fireworks thrills the 90 IQ
     
  20. MissingMayor

    MissingMayor Well-Known Member

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    Sad that Trump business failures have become so common.
     
  21. MissingMayor

    MissingMayor Well-Known Member

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    Probably should be in Current Events. Isn't this yet another project that involved a shady Russian financier?
     
  22. Rush_is_Right

    Rush_is_Right Well-Known Member

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    Have you signed up for the scream at the sky event?
     
  23. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    Lol.
    He isn't tied to it except by name.

    They have been forcibly closed since April.

    Lord and Taylor announced they are closing all stores. The fall out from lefties politically driven pandemic hysterical are just beginning.
     
  24. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    Another one that would like to ignore facts to expose TDS that in reality makes zero sense. You're not a stupid person, and you know full well that this represents nothing about Trump, but you tow the line anyway. Good liberal. *pats head*
     
  25. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    I still eat Ben and Jerrys ice cream, because I'm not a radical extremist partisan hack.
     

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