Donald Trump and partners break ground for $500M Trump International Hotel & Tower, Toronto

    - 57-storey landmark will redefine luxury living and city skyline -

    TORONTO, Oct. 12 /CNW/ - It's official: construction of Toronto's
$500-million, five-star, 57-storey, Trump International Hotel & Tower is
underway, with a 2010 completion date. Located at 325 Bay Street, in the heart
of the city's financial and business district, the landmark will set a new
standard for luxury and elegance in Toronto.
    Donald Trump participated in a "gold shovel" sod-turning ceremony with
building developers Alex Shnaider, Chairman of Talon International Development
Inc., and Val Levitan, President and CEO of Talon and Toronto City Councilor
Pam McConnell.
    Upon completion, Trump International Hotel & Tower will be the tallest
and most luxurious residential building in Canada. The first Trump property to
be situated in Canada will feature 118 luxury residences and 261 hotel guest
rooms and suites. Although pre-construction inventory is entirely sold out, a
limited release of suites will be available later this fall and are expected
to be priced from the $900,000s for hotel condominiums and $1.6-million for
residential condominiums. (All figures CAD).
    "I'm thrilled to be here today to celebrate the beginning of construction
for this fantastic Trump International Hotel & Tower," said Donald Trump.
"When we open in 2010, visitors and residents will experience a unique,
five-star property that will be unlike anything else in Canada and among the
most magnificent luxury developments in the world."
    "Trump International Hotel & Tower is an outstanding addition in the
heart of our city," said Toronto Councilor Pam McConnell. "It will be a
remarkable, invigorating addition to our central downtown core and a boost to
our economy. We congratulate Toronto's Talon International Development Inc.
for this achievement and we welcome the Trump Organization to Toronto."
    "This is a proud day for Talon International Development," said Chairman
Alex Shnaider. "Our vision is on its way to becoming reality and our dream of
a one-of-a-kind development for Toronto will soon be realized for the benefit
of our residents, guests and the city."
    "Everything about this property will redefine luxury," said Val Levitan,
Talon's President and CEO. "From the elegant design of the hotel rooms and
residences, to the unmatched quality of services and amenities that will be
available around the clock, no detail will be overlooked."
    Residential floors, on levels 33-53, will be restricted to four-to-six
suites per floor, with many having direct, secure elevator access. Eleven- to
13-ft. floor-to-ceiling windows will offer spectacular views of the city's
skyline. The top four floors will house the 4,250- to 7,700- sq. ft. penthouse
residences, featuring great rooms, libraries, galleries and spectacular entry
foyers and terraces. Many of the 118 residences will have separate service
entrances to ensure seamless hosting and entertaining.
    The hotel's 261 rooms and suites will occupy the lower portion on the
building, on levels 11-29. Deluxe studio, one-bedroom and two-bedroom suites,
ranging from 570 to 1,660 sq. ft., will offer guests the largest
accommodations in the city. The top floor of the hotel, Level 29, will offer
five exclusive suites with additional services and amenities, including the
4,000-sq.ft. Presidential Expo Suite, which will feature a state-of-the-art
media room, as well as access to a boardroom and lounge for hosting meetings
and social gatherings.
    The commercial areas of the building will serve both hotel guests and
residents. A high-tech business centre will cover an entire floor. A sushi and
martini bar will welcome guests as they enter the first floor lobby. A
two-level spa and fitness center on the 30th and 31st floors will help smooth
away stress while catering to the most demanding fitness regimens. An
exclusive dining establishment on the 30th floor will offer gourmet food and
wine as well as breathtaking views of Lake Ontario and the CN Tower. A private
dining room will also be available.
    Residents will have 24-hour access to two chauffeur-driven S-Class
Mercedes sedans (or comparable luxury vehicles). Parking will be accommodated
between levels two and seven of the building.
    The Trump International Hotel & Tower will be an integral part of
Toronto's PATH system, the 27-kilometer underground shopping, dining and
entertainment concourse connecting downtown Toronto.
    The building was designed by the Toronto-based firm Zeidler Partnership
    Construction will be overseen by the Lewis Builds Corporation, an
independently-owned, full-service, Canadian construction firm. Construction
financing of CAD $310-million has been arranged by Raiffeisen Zentralbank
Osterreich (RZB).

    /NOTE TO PHOTO EDITORS: A photo accompanying this release is available on
    the CNW Photo Network and archived at
    Additional archived images are also available on the CNW Photo Archive
    website at Images are free to accredited
    members of the media/

For further information:

For further information: Emma Jowett, Counsel Public Relations, (416)
961-5898 x 217,

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