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An Ontario court judge on Thursday approved the sale of a downtown Toronto hotel and condominium high-rise bearing U.S. President Donald Trump’s name to the tower’s main debt holder, according to.

Canadian court approves bid for Trump tower in Toronto The entrance to the Trump International Hotel and Tower is shown in Toronto, Wednesday, Dec.9, 2015. (THE CANADIAN PRESS / Graeme Roy)

Nobody has stepped up with a bid to buy the Toronto condo and hotel tower bearing Donald Trump’s name, which means ownership of the infamous structure will now fall to its largest debt holder. Only $298M stalking horse offer was received for the luxury hotel and condo property.

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Troubled Trump Toronto hotel put on the block. which has struck a minimum "stalking horse" bid of $298-million on the Trump hotel from a private real estate fund, JCF Capital ULC, which is the.

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petition aims to rename trump tower street for obama. * loot crate- files motion to establish bid procedures and authority to enter into stalking horse agreement * loot crate – court approved.

Nobody has stepped up with a bid to buy the Toronto condo and hotel tower bearing Donald Trump’s name, which means ownership of the infamous structure will now fall to its largest debt holder.The.

However, the sapphire tower failed to gain approval of city council, in part because it would have cast a shadow over Toronto City Hall’s Nathan Phillips Square, and its development company filed for bankruptcy in 2007. At that time, the Trump Tower’s design was also scaled back and the height was reduced because of the real estate market slowdown.

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A Canadian judge has approved the sale of the Donald Trump-branded Toronto hotel and condo tower to its main debt holder after no other bids were submitted for the troubled building.

The stalking horse sale will allow Contura or another entity that bids more to operate the mines "for an estimated minimum of six to 12 years," Blackjewel’s motion says.

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