Donald Trump, real estate mogul and multi-billionaire businessman, and his three children visited Toronto Monday where they cut the ribbon of The Trump International Hotel and Tower, which has been open since Jan. 31.
The city of Toronto was paid a visit by two world-renowned multi-billionaires, Oprah Winfrey and Donald Trump. Winfrey is in the city for a live broadcast of her Lifeclass Tour at the Metro Toronto Convention Centre (MTCC).
Just a few blocks south in the Financial District at the corner of Bay and Adelaide Streets, Trump helped officially cut the ribbon of The Trump International Hotel and Tower. Alongside three of his five children, Ivanka, Donald Jr. and Eric and Toronto Mayor Rob Ford, Trump acknowledged that Toronto is a wonderful city, which he has visited several times over his decorated career.
“About eight years ago, I began this voyage and it turned out to be a beautiful voyage because the end result is something the likes of which, not only throughout Canada, but almost anywhere it hasn’t been done, it’s a spectacular building,” said Trump in front of a packed crowd of celebrities, investors, public officials and media.
Toronto Mayor Rob Ford cuts the ribbon at a ceremony to open up the Trump Tower.
“I just want to congratulate everybody; I want to congratulate the people of Toronto ... it’s nice to be recognized in Toronto with such a wonderful building.” He later added that he would do a second project in Toronto if an opportunity came about.
Trump then introduced Toronto Mayor Rob Ford, who he says has a terrific reputation not only in the city but also outside of the city.
“Mr. Trump, we are thrilled to welcome you and your beautiful family to our fantastic city. Toronto is a great place to build, invest and visit. We’re a major tourism centre within one hour flight or a day’s drive from 180 million people, that’s approximately 40 percent of the U.S. population,” said the mayor, who welcomed City Councillors Doug Ford, Michael Thompson, Pam McConnell and David Shiner.
Ford began to explain that The Trump International Hotel and Tower is a wonderful addition to the city’s tourism industry and that over the course of the past year there has been a record number of hotel stays from overseas visitors that has generated a ton of revenue for the city. He also stated Toronto’s various corporations that make up the landscape of the downtown core. “We are the financial centre of Canada, folks.”
Donald Trump receiving takes a photo with a Toronto Maple Leafs and Toronto Blue Jays star and both teams' uniform for the multi-billionaire real estate mogul.
Before the ribbon ceremony got underway, Trump was welcomed with Toronto Maple Leafs and Toronto Blue Jays jerseys, which were presented by Jays catcher J.P. Arencibia and Leaf John Micheal Liles.
Mitt Romney & TrumpDigital Journal reported in February that Trump, who was hinting at a presidential run as a Republican or an Independent last year, endorsed former Massachusetts Governor Mitt Romney. Speaking to the media in Toronto, Trump reiterated his support for Romney and thinks he would do a great job as president.
“I decided Mitt’s going to be great and he’s doing a great job,” said Trump to a phalanx of reporters in the Grand Ballroom. “I think he’s going to do very nicely and he’s leading in the polls.”
The latest poll indicates, though, that President Barack Obama holds a nine-point lead over Romney.
Multi-billionaire Donald Trump helps open the brand new Trump Tower in Toronto located at the corner of Bay and Adelaide Streets.
Trump TowerThe Trump International Hotel and Tower Toronto is a 65-storey hotel and condominium. After beginning construction in October of 2007 and completed in December 2011, it became the second tallest skyscraper in the country – the First Canadian Place in Toronto is first.
Talon International Development Inc. of Toronto received $310 million in construction financing in 2007 from international bank Raiffeisen Zentralbank Österreich AG (RZB). Approximately 80 percent of the units have been sold.
It features 260 luxury hotel suites, 109 condominiums, an 18,000 square foot spa in the top two floors of the hotel section and each suite is about 2,226 square feet. Each condo starts at $1.2 million. For security purposes, there are four to six suites per floor.
Trump is a minor shareholder in the tower.
The building made the news last month when police officers were forced to close the intersection of Bay and Adelaide Streets after it was reported that glass fell from the 38th floor, which prompted an investigation from local authorities.