Panama Trump hotel the latest to distance itself from President’s name
Another major hotel want’s to dump the Trump name.
The owners of the Trump International Hotel in Panama wants to remove the US President’s moniker and seek new management.
The 369-room condo-hotel has been struggling with falling occupancy rates.
The 70-story Trump Ocean Club International Hotel and Tower Panama is situated in a prime Panama City waterfront location.
US retiree Al Monstavicius, who owns a penthouse hotel unit, says he bought because ‘ I thought Trump’s name made it a safe investment.’
"But Latinos are a real problem for him in Panama," Monstavicius said.
The Trump Organization confirmed to the AP a move by owners, Miami-based Ithaca Capital Partners, to dissolve the management contract.
Ithaca sent a notice of default which comes after complaints were made over alleged mismanagement.
"Not only do we have a valid, binding and enforceable long-term management agreement, but any suggestion that the hotel is not performing up to expectations is belied by the actual facts," the Trump Organization said in a statement.
Last week the majority owners of the Trump SoHo in Manhattan agreed a deal with the Trump Organization to end its association at that condo hotel by the end of the year.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Airlines suspend Madagascar services following unrest and army revolt
TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Airbnb eyes a loyalty program but details remain under wraps