Monday, March 05, 2018 8:45:08 PM
Trump's name removed from Panama hotel after legal fight
"Add - Trump Panama building a magnet for dirty money laundering"
A man removes the word Trump from a sign outside the Trump Ocean Club International Hotel and Tower in Panama City.
By LOUIS NELSON
03/05/2018 03:07 PM EST
A worker in Panama removed President Donald Trump’s name from a hotel there on Monday, according to video made public after the building’s owner wrested control of the property from the Trump Organization following a protracted legal fight.
Video shared online by ABC News showed the worker removing Trump’s name from a sign outside the Panama City building with a hammer and crowbar.
The removal of the president’s name from the Trump-branded hotel followed a drawn-out fight between the Trump Organization and the building’s majority owner. Trump retains his ownership stake in his business but handed over daily operations to two of his sons when he took office.
The Washington Post reported Monday that the legal squabble seemingly came to an end when a Panamanian official ruled the majority owner, Orestes Fintiklis, could wrest administrative control of the building from the Trump Organization, which had managed it and which Fintiklis blamed for the hotel’s struggles to generate revenue and attract guests.
After addressing reporters on Monday, Fintiklis played a Greek anti-fascist anthem on the piano in the hotel’s lobby, the Post reported.
https://www.politico.com/story/2018/03/05/trump-organization-panama-hotel-437092
See also:
Potential Conflicts Around the Globe for Trump, the Businessman President
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=126828034
"Add - Trump Panama building a magnet for dirty money laundering"
A man removes the word Trump from a sign outside the Trump Ocean Club International Hotel and Tower in Panama City.
By LOUIS NELSON
03/05/2018 03:07 PM EST
A worker in Panama removed President Donald Trump’s name from a hotel there on Monday, according to video made public after the building’s owner wrested control of the property from the Trump Organization following a protracted legal fight.
Video shared online by ABC News showed the worker removing Trump’s name from a sign outside the Panama City building with a hammer and crowbar.
The removal of the president’s name from the Trump-branded hotel followed a drawn-out fight between the Trump Organization and the building’s majority owner. Trump retains his ownership stake in his business but handed over daily operations to two of his sons when he took office.
The Washington Post reported Monday that the legal squabble seemingly came to an end when a Panamanian official ruled the majority owner, Orestes Fintiklis, could wrest administrative control of the building from the Trump Organization, which had managed it and which Fintiklis blamed for the hotel’s struggles to generate revenue and attract guests.
After addressing reporters on Monday, Fintiklis played a Greek anti-fascist anthem on the piano in the hotel’s lobby, the Post reported.
https://www.politico.com/story/2018/03/05/trump-organization-panama-hotel-437092
See also:
Potential Conflicts Around the Globe for Trump, the Businessman President
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=126828034
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