Canadians are not exactly fans of President Trump and their disdain has reportedly left the Trump Hotel Toronto at a mere 15 to 45 percent occupancy since the project opened in 2012. The hotel, which held the bragging rights of being the first five-star establishment in the city, will now be converted into a St. Regis following the Trump Hotel's announcement of bankruptcy late last year, travel blog One Mile at a Time reports.
"[Trump Hotel Toronto] looked great at the time because it was such a novelty for the city. Trump was a big, big name, it looked like it would be a huge success," former Toronto Star real estate reporter Susan Pigg told NPR. "But the whole thing was doomed to failure." One Mile at a Time added: "It'll be interesting to see how taking the 'Trump' name out of the hotel impacts occupancy."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress codespeed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff displaySpeed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
