TORONTO, June 27, 2017 /CNW/ - JCF Capital ULC ("JCF") announced today that it has reached an agreement with Trump Hotels to buy out its management contracts for the Trump International Hotel and Tower Toronto.
The Trump International Hotel and Tower Toronto is one of Toronto's premier, luxury hotels.
"Collectively, Donald Trump Jr., Eric Trump, Eric Danziger and their team have been exceptional partners and we hope to have the pleasure of working with the Trump Organization again in the future," said Jay Wolf, President of JCF Capital.
"We are pleased to have reached this agreement with JCF and have enjoyed our relationship with them as the new owners of this property. This was a record setting year for the hotel and we are incredibly proud of our performance. We look forward to the possibility of exploring other opportunities with JCF in the near future," said Eric Danziger, CEO of Trump Hotels.
About JCF Capital ULC
JCF Capital ULC is the special purpose entity incorporated to facilitate the joint venture between Juniper Capital Partners LLC ("Juniper") and Cowie Capital Partners Inc. ("CCP") with respect to the Trump International Hotel & Tower in Toronto (the "Property"). Both Juniper and CCP are private investment firms focusing on real estate-anchored investments. In March of 2017 JCF was the successful bidder, through a court-approved sales process, on 211 hotel units, 74 residential units and most of the commercial, retail and amenity space at the Property.
About Trump Hotels™
Trump Hotels™ is a family enterprise with a history of providing extraordinary customer experiences. The brand's exceptionally designed hotels in iconic locations put guests at the heart of each destination. Led by seasoned hotel industry veteran Eric Danziger, Trump Hotels is part of The Trump Organization, helmed by Donald Trump Jr. and Eric Trump.
SOURCE JCF Capital ULC