TORONTO, June 27, 2017 – JCF Capital ULC ("JCF") announced today that it has reached an agreement with Trump Hotels to buy out its management contracts for the Trump International Hotel and Tower Toronto.

The Trump International Hotel and Tower Toronto is one of Toronto's premier, luxury hotels.

"Collectively, Donald Trump Jr., Eric Trump, Eric Danziger and their team have been exceptional partners and we hope to have the pleasure of working with the Trump Organization again in the future," said Jay Wolf, President of JCF Capital.

"We are pleased to have reached this agreement with JCF and have enjoyed our relationship with them as the new owners of this property. This was a record setting year for the hotel and we are incredibly proud of our performance. We look forward to the possibility of exploring other opportunities with JCF in the near future," said Eric Danziger, CEO of Trump Hotels.