Marriott takes control of Panama Trump tower after long dispute




A man removes the sign from the former Trump Ocean Club ijn Panama City on March 5, 2018
A man removes the sign from the former Trump Ocean Club ijn Panama City on March 5, 2018  

Panama City (AFP) - With music and fanfare, US hotel chain Marriott on Tuesday took over a hotel in Panama City mired for months in a legal spat with the Trump Organization.

"Marriott International takes control as of today, managing the building in all aspects," Demetrio Maduro, general manager of the new JW Marriot Panama City, told reporters.

Until recently, the Trump Ocean Club International Hotel was located in the building, managed by the US president's property company, the Trump Organization -- now run by his sons.

But last year, the hotel and most of the apartments in the tower were bought by Miami-based Cypriot businessman Orestes Fintiklis, who in March evicted the Trump Organization before its management contract had ended.

Blaming the Trump name for a drop in business, he expelled the management company from the building and removed the president's name from the front of the luxury 72-floor high rise, triggering a flurry of retaliatory legal action.

The Trump firm has launched legal proceedings to regain control of the hotel, which cuts a distinctive sail-shaped figure among the towers crowding the capital city.

Inside are more than 1,000 rooms, apartments, shops, a spa and a casino. It even has a small private beach.

The hotel was inaugurated in 2011 by Trump in the company of Panama's then-president Ricardo Martinelli, who is currently serving a prison sentence for spying on opponents.

"Marriot took it over because it's an iconic building in Panama City and the important thing is to make it grow as a tourist destination," said Maduro, the new general manager.

Fintiklis said he was delighted the running of the hotel was being taken over by Marriott, but declined to comment on the still simmering dispute with Trump.

Lawyers for the Trump Organization lobbied Panama's President Juan Carlos Varela to use his influence to resolve the long-running court case, but the government ruled out interceding in the dispute.

COMMENTS

More Related News

Top Democrat Schiff Adds Call for Probe of Trump, Deutsche Bank Links
Top Democrat Schiff Adds Call for Probe of Trump, Deutsche Bank Links

Representative Adam Schiff of California said on NBC's "Meet the Press" Sunday that any type of compromise needs to be investigated. Schiff's comments came three days after Wall Street critic Elizabeth Warren of Massachusetts and fellow Senate Democrat Chris Van Hollen called for a Banking Committee investigation of Deutsche Bank's compliance with U.S. money-laundering regulations.

Trump
Trump's interior secretary Zinke to step down amid ethics probes
  • US
  • 2018-12-15 15:22:45Z

U.S. Interior Secretary Ryan Zinke, who has sought to open U.S. offshore waters to oil and gas drilling despite environmental protests, will be leaving his post at the end of the year, President Donald Trump tweeted on Saturday, the latest high-profile departure from his administration. Trump did not give a reason for Zinke's departure. "Ryan has accomplished much during his tenure and I want to thank him for his service to our Nation," Trump said on Twitter.

Trump club is in tax break zone, but is unlikely to benefit
Trump club is in tax break zone, but is unlikely to benefit

NEW YORK (AP) - President Donald Trump's company owns a golf club in an Opportunity Zone offering developers massive tax breaks, but experts say it is unlikely it could take advantage of them.

Trump Lawyer
Trump Lawyer's Main Argument Why You Shouldn't Believe Michael Cohen: He Is A Liar

WASHINGTON ― Donald Trump in two years has distinguished himself as likely the

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Latin America

facebook
Hit "Like"
Don't miss any important news
Thanks, you don't need to show me this anymore.