Panama Hotel Votes to Drop Trump Panama

panama hotel:Owners of the Trump International Hotel in Panama City, the country’s capital, are reportedly fighting to have the name of the building changed and oust the president’s hotel management company, Trump Hotels.

Trump reuters

President Donald Trump’s hotel

The Associated Press

FILE – In this photo taken July 4, 2011, shows the Trump Ocean Club International Hotel and Tower, third building from left, in Panama City. An attempt to oust President Donald Trump’s hotel business from managing a Panama luxury hotel has turned bitter, with accusations of financial misconduct. Trump Hotels is contesting its firing, and two people told The Associated Press that Trump’s staff ran off a team of Marriott executives invited last month to visit the property during a search for a new hotel operator. (AP Photo/Arnulfo Franco) The Associated Press

An attempt to try to strip President Donald Trump’s name from a hotel building in Panama has turned bitter, with the U.S. leader’s hotel company refusing to leave the Central American country without a fight.

However, two people familiar with the matter have told the Associated Press that Trump’s staff “ran off” a team of Marriott executives invited last month to visit the property as a prospective new hotel operator.

According To usnews

WASHINGTON (AP):

— An attempt to oust President Donald Trump’s hotel business from managing a luxury hotel in Panama has turned bitter, with accusations of financial misconduct.

Trump Hotels is contesting its firing, and its staff ran off a team of Marriott executives invited last month to visit the property during a search for a new hotel operator, according to two people familiar with the matter.

After the owners’ association accused Trump Hotels of mismanagement and financial misconduct in a $15 million arbitration claim, the company owned by the president fired back with a $200 million counterclaim and refused to turn over the property’s financial records. When a team from Marriott International Inc. came to the property at the invitation of the hotel’s majority owner, Trump staff asked them to leave, according to the two people, who spoke on condition of anonymity because they were not authorized to discuss publicly what happened behind the scenes.

The head of Trump Hotels, Eric Danziger, also called Marriott chief executive Arne Sorenson to complain about the visit, the two people said.

The head of Trump Hotels, Eric Danziger, also called Marriott’s CEO to complain about the visit, the two people, who spoke on the condition of anonymity, told AP.

Newsweek also found that the group formerly known as The Trump Ocean Club Panama Owners Association has already stripped the president’s name from it’s title.

 

But by January 5, the owners association had completely erased the U.S. leader’s name from its title and website.

Read more: Trump hotel in Panama linked to accused fugitive fraudster said to have ties to money laundering 

Now known as simply the Ocean Club Panama Owners Association, the group also posted on its website that it has attained attorneys to “take the necessary legal action to invalidate and cancel” power-of-attorneys “embedded by The Trump Organization in many of the TOC Owner deeds at closing of the purchase of their uni

News Source- http://www.newsweek.com/trump-hotels-refuses-leave-panama-despite-vote-oust-company-782000

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