Trump Hotels accused of harassing condo owners in Panama hotel lawsuit
An attempt to oust Trump Hotels from management of the Trump International Hotel and Tower in Panama has descended into a bitter legal fight.
In a lawsuit filed in New York, the hybrid condo-hotel’s owners’ association accused Trump Hotels of mismanagement and financial misconduct.
This adds up to ‘gross mismanagement, breaches of contract, conversion and breaches of fiduciary duties.’
Moves began last year to remove Trump Hotels as manager and the suit alleges Trump sought to ‘bully, intimidate and harass’ its way out of a $15 million arbitration claim.
In a letter to unit owners, Orestes Fintiklis, the managing partner of Miami-based Ithaca Capital Partners said ‘the investment has no future so long as the hotel is managed by an incompetent operator whose brand has been tarnished beyond repair.’
Trump Hotels ‘is refusing to maintain its last shreds of dignity and peacefully vacate our property’ he wrote.
Ithaca Capital Group owns more than 200 condo units in the 70-story building.
Trump Hotels itself fired off a letter to the owners association laying all blame with Ithaca Capital.
To complicate things even further, executives from Marriott International were invited to inspect the hotel with a view to potentially managing it in the future but were booted off site by Trump Hotels.
That led to an angry phone call by Trump Hotels CEO Eric Danziger to Marriott counterpart Arne Sorenson.
"We have a great relationship with Marriott. They were appreciative that we let them know that we have a valid contract," Trump International attorney Alan Garten told the AP.
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 
France prepares for a massive strike across all transports on September 18
Turkish tourism stalls due to soaring prices for accommodation and food
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt