BREAKING NEWS

Trump tower in Canada close to sale, name may change

By REUTERS

MAY 27, 2016 20:11

Toronto's Trump tower is close to being sold and may not bear the name of presumptive US Republican presidential nominee Donald Trump after it changes hands, a lawyer for its owner said on Friday.

Symon Zucker, who represents Talon International Development Inc, said the 65-story hotel and condominium building in the city's financial district has found a potential buyer and the sale will conclude "hopefully shortly."

The tower is operated for Talon by the Trump Hotel Collection, presided over by billionaire businessman Trump and his children.

Zucker said Talon's contract with Trump Hotel would not apply to the new owner, which would be free to change the building's name, though he declined to comment on whether it may do so or the specifics of the potential deal.

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