Toronto’s Trump Tower has seen one disaster after another since it opened four years ago, but its latest debacle may be its last. The Globe and Mail reports that the Trump International Hotel & Tower Toronto is on the verge of being sold to an unnamed new owner after its current one failed to pay back a $260-million construction loan last year. The sale will likely mean the Trump name will disappear from the building.

Donald Trump and the late Rob Ford, then mayor of Toronto, shake hands at the grand opening of his new Trump International Hotel & Tower in Toronto, Ont. Thursday, April 16 2012. (Photo by Kevin Van Paassen/The Globe and Mail) Donald Trump himself doesn’t own the Toronto tower — it belongs to Talon Developments, which licensed the Trump brand for the skyscraper, and hired a Trump-owned company to run the property. Talon’s clients are “no longer interested in the Trump brand” because Trump himself has damaged it, company lawyer Symon Zucker said. “It’s more important for him to be president than run a successful business,” Zucker told the Toronto Star last month.