Ocean club

Inside the chaos at Trump’s Panama City Ocean Club

“We are doing a big, big project in Panama that is selling like hotcakes,” Donald Trump bragged before the Trump Ocean Club opened in 2011. At the grand unveiling of the complex in July of that year, Panamanian President Ricardo Martinelli thanked Trump for delivering “one of the most important and beautiful buildings in Panama City”.

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Corn soon after the 70-story Ocean Club opened, the project began to unravel. In 2013, the Trump Organization’s Panamanian partner, a company owned by developer Roger Khafif, filed for bankruptcy. The occupants of the building then reportedly tried to have the Trumps removed from their management role. Amid the dispute, the Trumps cut internet and phone services at the club’s offices (telling The Associated Press they did so for “security and privacy concerns”) and filed a lawsuit. arbitration with the International Chamber of Commerce in Paris seeking $75 million in damages. . The outcome of the case has not been made public.

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The Ocean Club was the Trump brand’s first international hotel license; Trump himself said he was first drawn to the venue after bringing his Miss Universe pageant to Panama City in 2003.