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World Panama hotel ditches Trump branding

08:56  06 march  2018
08:56  06 march  2018 Source:   bbc.com

Police, yelling, power turned off: Confrontation over Trump’s Panama hotel escalates

  Police, yelling, power turned off: Confrontation over Trump’s Panama hotel escalates The majority owner continues effort to rebrand Trump International Hotel Panama, replace the Trump Organization as manager.This attempt at a takeover by Orestes Fintiklis — a Cypriot businessman based in Miami — marked a sharp escalation in Fintiklis months-old effort to re-brand the Trump International Hotel Panama and replace the Trump Organization as its manager. Fintiklis blames Trump’s brand and Trump’s company for declining revenue and empty rooms.

Fintiklis blames Trump ’s brand and Trump ’s company for declining revenue and empty rooms. © AFP The new-look hotel sign was a hit with some tourists. The majority owner of a luxury hotel in Panama City has regained control of the building after a legal battle with its management - the Trump

The majority owner of a luxury hotel in Panama City has regained control of the building after a legal battle with its management - the Trump Organization.

A tourist poses for pictures after the Trump logo was removed from the entrance to the Trump Ocean Club International Hotel and Tower luxury complex in Panama City on March 5, 2018.: The new-look hotel sign was a hit with some tourists © AFP The new-look hotel sign was a hit with some tourists

The majority owner of a luxury hotel in Panama City has regained control of the building after a legal battle with its management - the Trump Organization.

Within hours of the verdict from a Panamanian court, hotel staff removed the Trump name from its main entrance.

Cypriot businessman Orestes Fintiklis has been fighting to cancel the contract with the Trump Organization, which he blames for a fall in profits.

The Trump Organization said it had appealed against the decision.

Mr Fintiklis, majority owner of the Trump Ocean Club International Hotel and Tower, hailed the court's decision, saying: "Panama has made us proud.

Bizarre legal brawl intensifies at Trump hotel in Panama

  Bizarre legal brawl intensifies at Trump hotel in Panama Panamanian authorities are investigating whether Trump’s company broke the law.He wanted to fire the Trump Organization, which has managed the hotel since it opened in 2011.

The owners of Trump International Hotel & Tower Panama , a massive luxury hotel , are trying to strip Donald Trump 's name from the property and fire its management over profit Rabiea said Ithaca and the owners were already searching for a new hotel operator to run the property under a different brand .

The majority owner of a luxury hotel in Panama City has regained control of the building after a legal battle with its management - the Trump Organization. Within hours of the verdict from a Panamanian court, hotel staff removed the Trump name from its main entrance.

"Today, this dispute has been settled by the judges and the authorities of this country."

The standoff between Miami-based Mr Fintiklis and the management team at the hotel had lasted more than a week.

On Monday, police and a court official enforced the owner's claim to the hotel as Trump Organization executives and security staff abandoned the building.

Hotel employees then pried the Trump logo from the entrance.

Tourists later gathered at the spot to have their pictures taken.

The legal battle began last month when Mr Fintiklis said he intended to force the Trump Organization out before its management contract was up, and to rebrand the hotel.

A worker changes the Trump Ocean Club Hotel's sign in Panama City, Panama, 5 March 2018: The Trump name was removed from the hotel hours after the court ruling © AFP The Trump name was removed from the hotel hours after the court ruling

According to lawsuits filed in the US, he said the number of guests at the hotel was falling.

For its part, the Trump Organization said Mr Fintiklis was breaching his contractual commitments.

"Trump Hotels remains fully confident that it will not only prevail, but recover all of its damages, costs and attorneys' fees, including those... arising from today's events," the Trump Organization said in a statement.

Complaint claims Trump lawyers threatened Panama magistrate .
Lawyers for President Donald Trump's family hotel business threatened a Panamanian judicial official handling a dispute related to Trump Hotels' management of a 70-story luxury hotel.The complaint reviewed by The Associated Press said lawyers from the firm representing Trump's hotel management business accosted a justice of the peace, Marisol Carrera, in her office after she ruled against Trump's business on a minor issue in the fight over control of the Trump-branded luxury hotel. The abuse continued, she wrote, even after she called police to defuse the situation.

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