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Trump’s Name Stripped Off Panama Hotel After Ugly Fight Over ‘Tarnished Brand’

March 6, 2018

By Mary Papenfuss : huffingtonpost – excerpt

Relieved owner celebrates with a Greek song about fighting fascism.

The staff of the Trump Organization was ejected Monday from the Trump International Hotel and Tower in Panama City after a tense 12-day standoff with hotel owners that erupted into violence. The name “Trump” was quickly stripped off the building’s facade by a worker wielding a hammer and a crowbar.

Trump personnel were escorted out of the building Monday by more than a dozen police officers and a Panamanian judicial official, ABC News reported. But Trump Organization officials said they’ll continue to battle in court to return as the managers of the 70-story building.

Orestes Fintiklis, managing partner of Miami-based Ithaca Capital Partners, which owns most of the units in the hotel-condo complex, ordered Donald Trump’s company out last year, accusing the operation of “abysmal management” and a “brand tarnished beyond repair” that was hurting business. But the Trump Organization refused to surrender its role. Executives said they wouldn’t succumb to “mob-style tactics” and expected to be paid through the company’s 2031 management contract… (more)


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