Trump Name and Officials Dropped from Panama Hotel
07 March, 2018, 11:48 | Author: Katrina Soto
For the past week, this 70-story building in Panama's capital - created to resemble a billowing sail - has been the scene of shoving matches between rival security guards, repeated visits by police, power outages, and reports of documents being shredded.
Fintiklis told reporters that "this is a commercial dispute that went out of control" and lauded the Panamanian court's ruling. The owners also tried to get rid of the organization, but it refused to give up its physical control of the Panamanian hotel. "And today this dispute has been settled by the judges and the authorities of this country".
"Based upon the merits, Trump Hotels remains fully confident that it will not only prevail, but recover all of its damages, costs and attorneys' fees, including those damages, costs and attorneys' fees arising from today's events", the organization said.
In a communiqué published here, the company that ran a luxury hotel in this capital under the franchise of the tycoon's surname recalled that the International Chamber of Commerce (ICC) has not ruled out yet on the litigation, but a Panamanian court did.
The Trump Hotel's website had ceased offering direct bookings at the hotel by early Monday afternoon. But Orestes Fintiklis, the charismatic Greek Cypriot investor and majority owner who sued to remove the Trump name from the hotel, had something to say.
The Trump Organization previously described Fintiklis' efforts as "pure thuggery".
As part of his fire sale purchase of 202 of the hotel's 369 units, Fintiklis signed a February 2017 agreement not to challenge Trump's management contract - a deal that Trump Organizations consider binding.
Hotel employees then pried the Trump logo from the entrance.
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"Our investment has no future so long as the hotel is managed by an incompetent operator whose brand has been tarnished beyond fix", Orestes wrote to his fellow hotel owners in a January email obtained by the AP.
The Trump Organization responded that Fintiklis had ignored existing legal cases, and resorted instead to "mob-style" tactics. The Trump Organization, however, refused to leave.
Police evicted the Trump Organization from the Trump International Hotel in Panama on Monday following the end of an ongoing legal battle.
As the New York Times reported, "An arm of a foreign government finds itself in the extraordinary position of investigating a business owned by the American president".
Trump name chiseled off the Trump International Hotel in Panama after weeks of tensions over control of the property. The hotel remained open during a 12-day skirmish that resulted in repeated police calls.
Initially invited by Trump's managers, the Panamanian police repeatedly visited the hotel to keep the peace.
A Panamanian judicial official told the AP a statement would come later in the day.
"Fintiklis gained access to the tower's main office late Monday morning", ABC adds. That included the administrative offices and the hotel's closed caption security system, which was housed in the condo association within the same building. Fintiklis led the charge, and proclaimed his intention to hire a new management team and rebrand the property. Though Fintiklis has generally declined to comment on the dispute, he appeared to gloat Monday.
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