Donald Trump is the greatest deal-maker ever. If you don’t believe that, then consider this story from Canada, where Trump will make a tidy profit off people who want nothing to with him. JCF Capital ULC, which owns the Trump International Hotel & Tower in Toronto, is so keen to get the Trump name off the building that it’s paying an undisclosed sum — said to be upwards of $6 million — to get out of a licensing agreement that slapped the Trump brand on the hotel complex. Since JCF Capital is a U.S.-based company, it remains to be seen whether a foreign company paying to distance itself from the president would violate the emoluments clause of the Constitution.
The Trump name is expected to be removed from the buildings as early as August 1, according to “a person with knowledge of the matter” who spoke to Bloomberg Politics anonymously, since the deal is confidential. It was not reported whether the source was snickering at the idea that getting shut of Donald Trump’s name was worth every penny, or Loonie, or however the Trump organization is being paid off.
The hotel, which was recently at the center of a fraud settlement decided by the Canadian SCOTUS, will probably be operated by Marriott International under their St. Regis brand. A new name for the building complex hasn’t been announced yet; maybe they could go with “The Sexxy Justin Trudeau Arms.”