Trump business evicted from Panama luxury hotel

  • Trump business evicted from Panama luxury hotel

Trump business evicted from Panama luxury hotel

The majority owner of a 70-story tower out of which the Trump International Hotel operates has gone to court to evict the Trump Organization from the tower, and over a dozen police officers showed up Monday to forcefully carry out the eviction.

The move put an end to a 12-day dispute between the Trump Organization and Orestes Fintiklis, a majority owner of the hotel who wanted to scrub the property of the company and its brand. "And today, this dispute has been settled by the authorities and the judges of this country".

Fintiklis then sat down at the hotel's piano in its lobby and played a song that included the lyrics, "Fascism will not prevail".

Fintiklis later that day filed a legal complaint alleging he and others witnessed Trump's management team destroying hotel documents, which Trump officials have denied. His aim was to oust the Trump Organization, which has managed the hotel since its 2011 opening.

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

The short version is that the Trump Organization appears to have, for now, lost the fight. Both the Trump Organization and Fintiklis' Ithaca Capital Partners did not immediately respond to ThinkProgress' request for comment.

The owners also tried to get rid of the organization, but it refused to give up its physical control of the Panamanian hotel.

The threatening text cast doubts over the performance by the Second Circuit Court, which appointed an administration for the hotel while the ICC makes a decision, and noted that the arbitration will be favorable and it will not only resume the management of the establishment, but it will receive compensation for alleged damage. It has not disclosed whether Trump had been briefed on the dispute, or if he had spoken to anyone in Panama about the fate of his business.

"As long as President Trump refuses to divest from his businesses, his presidency will be followed by the shadow of conflict of interest", Jordan Libowitz, a spokesman for the watchdog group Citizens for Responsibility and Ethics in Washington, told Business Insider on Monday. If he does, this would be the fourth Trump-branded hotel to lose the name since Trump won the 2016 election, following hotels in Rio de Janeiro, Toronto and lower Manhattan.