Trump hotel in Toronto switching to St. Regis brand

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The Trump International Hotel and Tower Toronto will be rebranded as a St. Regis. The hotel's owner bought out Trump Hotels' management contract and sold the 261-room hotel this week.

InnVest Hotels LP bought the 65-story property from JCF Capital for an undisclosed and will temporarily rebrand the property as the Adelaide Hotel Toronto while the property undergoes a renovation. Once the upgrades are completed, the property will be renamed the St. Regis Toronto.

Toronto-based InnVest owns about 100 hotels across Canada, including four Fairmonts, the Hyatt Regency Vancouver and the Quebec Hilton.

The hotel opened in 2012 as a hotel-condominium project and fell into receivership late last year, as many of the condominiums sat empty, the New York Times reported. Toronto-based Talon International Development was the original owner. JCF Capital subsequently took over the property’s mortgage, which stood at about $225 million as of last November, according to the Times.

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