November 1, 2016 / 4:36 PM / 2 years ago

Canada judge appoints receiver to oversee Trump-branded tower sale

TORONTO, Nov 1 (Reuters) - A Canadian judge on Tuesday appointed a receiver to oversee the sale of a Toronto hotel-condo tower bearing the name of U.S. presidential candidate Donald Trump after the tower’s developer failed to make payments on its loans.

The 65-storey Trump International Hotel & Tower has struggled since it opened in 2012. It was developed by Talon International Inc, which licensed the Trump brand and hired a Trump-owned company to manage it.

Reporting by Alastair Sharp and Jeffrey Hodgson, Editing by Franklin Paul

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