Industry News

JOINT VENTURE BETWEEN DONALD J. TRUMP AND
TALON TO BUILD CONDO HOTEL

International Development to Build $500 Million Trump International Hotel & Tower in Toronto

Donald J. Trump has announced that he is developing a unique condominium and hotel residence in downtown Toronto that will offer a new standard in downtown living, and a level of absolute convenience and service found only in the world's finest hotels and condominiums.

It is the first Trump property of its kind to be built outside of the continental United States and the first of its kind in Canada.

The $500-million Trump International Hotel & Tower, Toronto will be the tallest, mixed-use residential and hotel building in Canada at 68 stories and 308.45 meters/1,012 feet. Located at the corner of Bay and Adelaide Streets in the heart of downtown Toronto, it will overlook Lake Ontario and the Greater Toronto Area.

Donald J. Trump, who is known throughout the world for his luxurious real estate developments, will operate and manage the condominium residences and hotel. The building was designed by Eberhard Zeidler, Senior Partner for the renowned Toronto-based firm of Zeidler Partnership Architects.

"This development will set new standards in luxurious living and hospitality in one of the world's most vibrant and welcoming cities," said Donald J. Trump, President & Chief Executive Officer of The Trump Organization. "It is a magnificent tower in a city that is great to live in and visit. I am very proud and excited to have the Trump name as part of Toronto's beautiful skyline."

The building has two distinct sections. A luxurious hotel will comprise the lower portion of the building from floors lobby to 34, while the condominium residences overlook the city from floors 36 to 68 and offer one-bedroom units to three-bedroom penthouses.

All residents will have access to the exclusive benefits and amenities of the five-star hotel. Both the hotel and residential condominium will have incomparable decor, privacy and service.

The hotel suites are available for purchase by individuals or corporations. The hotel offers 229 hotel guestrooms and suites, of which 34 suites are part of the exclusive Trump Club that will feature butler service and a private lounge.

The condominium residences will feature formal dining and living areas, exquisite hardwoods and granites, top-of-the-line appliances in designer kitchens, and the finest features and finishes available. There will be a maximum of four residences per floor. High-speed elevators will offer direct access to each residence from the Residential Skylobby that overlooks downtown Toronto from the 34th floor.

The Trump International Hotel & Tower, Toronto will also feature a world-class 1,672.3-square-meter/18,000-square-foot Health Club & Spa with views of Lake Ontario and the CN Tower. The spa will offer treatments and services that are only found in the world's leading health resorts.

The facility will also contain two restaurants and a sushi and martini bar. One of the restaurants will be an exclusive, formal, fine dining establishment seating only 80 patrons and led by an international, award-winning chef.

"Nothing like this has ever been built in Toronto," said Trump. "It is going to be the ultimate destination for business, pleasure and entertainment. Toronto real estate is undervalued when it is compared to other leading cities in the world. It is only going to increase in value. That is why this is an excellent investment for those who buy a condominium residence or hotel suite."

The building will be an integral part of Toronto's PATH system, the 27-kilometer underground shopping, dining and entertainment concourse that connects downtown Toronto. This is the first time in an entire generation that a residential complex of such grandeur, scope and design will be built in the heart of downtown Toronto.

The Trump International Hotel & Tower, Toronto is a joint venture between Donald J. Trump and Talon International Development Inc., a Canadian-based investment company whose shareholders have holdings in a variety of industries ranging from shipping to metallurgy to high technology throughout Canada, the United States and the United Kingdom.

For more information on the Trump International Hotel & Tower, Toronto, please call Condo Hotel Center at (305) 944-3090 or send an e-mail to info@condohotelcenter.com.