PETALING JAYA: TA Global Bhd and Vancouver-based real estate developer Holborn Group confirmed plans to develop the Canadian city’s first Trump development, Trump International Hotel & Tower Vancouver.
Located in Georgia Street in downtown Vancouver’s Coal Harbour, the US$360 million (RM1.15 billion) Arthur Erickson-designed tower will include a world-class hotel and residences, offering 147 guest rooms and 218 residences.
“Trump International Hotel & Tower Vancouver will become a new symbol for Vancouver and will solidify the city’s arrival on the international stage,” said Joo Kim Tiah, CEO and president of Holborn Group and deputy CEO of TA Global in a press statement on Wednesday.
Standing at 616 ft (188m), the twisting design of the 63-storey tower maximises the window features and views in every suite, with no two views exactly alike.
Residences will range from 644 sq ft to 2,117 sq ft, with the penthouses ranging from 3,500 sq ft to 4,400 sq ft. Sales for the residential suites will begin in October 2013, with the project expected to be completed in the summer of 2016. The hotel will have a champagne lounge, signature restaurant, spa, banquet and conference centre, as well as the city’s first pool bar nightclub. It will also feature Canada’s first Mar-a-Lago Spa by Ivanka Trump (daughter of billionaire developer Donald Trump), a new boutique spa brand that reflects the joie de vivre of the timeless 1927 Palm Beach property, and Trump Attaché, a dedicated department that provides personalised services.
“The Trump brand is very well respected and is synonymous with luxury real estate and hospitality. I’m pleased to have a strong relationship with Ivanka, [Donald’s sons] Donald Trump Jr and Eric Trump, and look forward to carrying on the entrepreneurial legacy that our parents started. Our shared vision and a work ethic that prides itself on diligence and attention to detail will result in a development that is cutting-edge, and matches Vancouver’s vibrant personality,” said Joo.
Trump Jr said in a statement the Trump International Hotel & Tower Vancouver will solidify his organisation’s presence in Canada, which also includes Trump International Hotel & Tower Toronto.
The development is the latest project to contribute to the revitalisation of the West Georgia corridor. In addition to spinoff consultation contracts, the project has created the equivalent of 170 full-time jobs during the construction phase, and will generate 300 full-time positions upon opening. — By E Jacqui Chan
This article first appeared in The Edge Financial Daily, on June 21, 2013.
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