TORONTO — President Trump’s brand will no longer tower over Toronto.

Under a deal announced Tuesday, the new owner of the 65-story Trump International Hotel and Tower, which fell into receivership last year and became the scene of occasional anti-Trump protests, will erase the president’s name from the building.

In a statement, the new owner, JCF Capital, said it had reached an agreement to end the Trump Organization’s contract to manage the hotel and condominium complex. Both sides, which declined to reveal the transaction’s terms, sought to put a positive spin on it.

Jay Wolf, the president of JCF, said the Trumps had been “exceptional partners, and we hope to have the pleasure of working with the Trump Organization again in the future.”

Eric Danziger, Trump Hotels’ chief, said, “We are pleased to have reached this agreement with JCF and have enjoyed our relationship with them as the new owners of this property.”