Tag Archives: Trump Ocean Club

Trump’s Name Removed from Panama Hotel After Legal Dispute

President Donald Trump’s company, the Trump Organization, lost a heated battle in Central America this week. Orestes Fintiklis, the majority owner of what was once a Panamanian Trump International Hotel, won a huge legal battle on Monday, allowing him to remove the “Trump” name from the outside of his hotel.

Fintiklis was forced to make a brief public address when he arrived at the hotel, stating,“This is a purely commercial dispute that just spun out of control, and today this dispute has been settled by the judges and the authorities of this country.” He also sat down and played a baby grand piano that was on display in the hotel lobby. He proudly sang “Accordeon” as he played, which is a Greek song about the fight against fascism.

Although it appears as if Fintiklis has won the war, he has simply won one battle. The Trump Organization released a statement soon after their name was stripped from the building stating that the hotel initiated “the appointment of a temporary, third-party administrator to oversee the management of the property while the underlying dispute is being litigated.”

Fintiklis is also suing the Trump Organization for $15 million. He states that the company’s “utterly incompetent management of the hotel” has repelled hundreds of customers, leading to large financial loses.

SOURCE

Advertisements