Trump Panama hotel owners trying to strip president's name - report

 

FILE PHOTO: A sign of the Trump Ocean Club International Hotel and Tower Panama is seen in Panama City, Panama October 11, 2017. REUTERS/Carlos Lemos/File Photo

 

MEXICO CITY (Reuters) - Owners of the Trump International Hotel in Panama City are trying to strip the president's name from the building and remove his company from management, the Associated Press reported on Monday.

 

When it was completed in 2011, the 70-floor building was the future U.S. president's first international hotel venture, a complex including apartments and a casino in a waterfront building that has earned Trump between $30 million and $50 million.

 

In August this year, Miami-based Ithaca Capital Partners completed its purchase of the hotel amenities and the majority of the units in the Trump International Hotel.

 

In October, Ithaca proposed removing the Trump Organization's directors from the hotel board and sending a notice of default to Trump, to begin terminating Trump's link to the property, after complaints over alleged mismanagement, the AP reported.

 

"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.

 

Ithaca did not immediately respond to a request for comment.

 

Trump licensed his brand to the luxury project and provided hotel management. A Reuters investigation published in November found that alleged fraudster Alexandre Ventura Nogueira had sold between one-third and one-half of the advance sales for the Trump Ocean Club, as the complex including the hotel and apartments is known. (http://reut.rs/2zOaBYo)

 

The story, reported in conjunction with U.S. broadcaster NBC News, detailed how Nogueira did business with a Colombian money launderer and two criminals from the former Soviet Union.

 

Nogueira told Reuters and NBC how, in the project's early days, he had participated in business meetings with Ivanka Trump and that she had endorsed his recommendation to sell the apartments for a higher price.

 

Ivanka Trump declined to comment on the allegations, while the Trump Organization said it did not remember Nogueira.

 

Earlier in November, the Trump Organization said it would give up management of the Trump SoHo hotel in New York City by the end of the year.

 

The Trump Ocean Club Panama Owners Association could not be reached for comment.

 

(Reporting by Christine Murray, Stefanie Eschenbacher and Ned Parker; Editing by Cynthia Osterman)

 

-- © Copyright Reuters 2017-11-28

2 hours ago, webfact said:

complaints over alleged mismanagement

don't worry, he is doing it to the actual country now 

25 minutes ago, PremiumLane said:

2 hours ago, webfact said:

complaints over alleged mismanagement

don't worry, he is doing it to the actual country now 

“Run of the mill property mismanagement is so 2015. We’re in the big leagues now: country mismanagement. Next: Planetary mismanagement.”

And what happened to the pardoned turkey, after the cameras stopped rolling!

The sooner the trump name is thrown in the dustbin of history, the better. Electing that con man super troll was the biggest mistake in American history. Even if he left tomorrow, the DAMAGE he has already done will be with us for generations. 

5 minutes ago, Jingthing said:

The sooner the trump name is thrown in the dustbin of history, the better. Electing that con man super troll was the biggest mistake in American history. Even if he left tomorrow, the DAMAGE he has already done will be with us for generations. 

 

I understand the sentiment, but actually would be better if he won't be forgotten. Just in case people get the notion of voting for another conman.

Just now, Morch said:

 

I understand the sentiment, but actually would be better if he won't be forgotten. Just in case people get the notion of voting for another conman.

True. But there really is no way people will ever forget him. He's "succeeded" at least in that. 

8 hours ago, webfact said:

The story, reported in conjunction with U.S. broadcaster NBC News, detailed how Nogueira did business with a Colombian money launderer and two criminals from the former Soviet Union.

 

Nogueira told Reuters and NBC how, in the project's early days, he had participated in business meetings with Ivanka Trump and that she had endorsed his recommendation to sell the apartments for a higher price.

 

Ivanka Trump declined to comment on the allegations, while the Trump Organization said it did not remember Nogueira.

55555..... 55555

next tweet.... fake news, totally fake

and another Russian connection to boot!

3 hours ago, Morch said:

 

I understand the sentiment, but actually would be better if he won't be forgotten. Just in case people get the notion of voting for another conman.

Excellent point. This debacle might have a silver lining. People are getting fed up with politicians. We can only hope change Will come. Please!

5 minutes ago, craigt3365 said:

Excellent point. This debacle might have a silver lining. People are getting fed up with politicians. We can only hope change Will come. Please!

Do you think that another by product of the trump legacy may be increased voter participation.... a recognition about the dangers of apathy?

Fake news?  the only fake news is that which Donald Trump and his cabal put out to the public. There are so many- one doesn't know where to start. Probably the best one involves the fact that Hillary Clinton won the popular vote by almost 3 Million votes. However, Trump indicated he won the popular vote because he subtracted all the illegal votes that were made by illegal aliens. And people actually believe this fool... Hell, just a few days ago in a ceremony to honor Native Americans who served in the US Marines during WWII- Trump managed to alienate the entire  Native American population by calling Senator Warren --Pocahontas-

The man is a disaster- he can't be trusted to open his mouth without a script and even when he has one refuses to follow it.

He will go down in history as the worst President ever....his only legacy  will be that he managed to alienate and piss off just about everyone he met.

10 minutes ago, farcanell said:

Do you think that another by product of the trump legacy may be increased voter participation.... a recognition about the dangers of apathy?

I read about some recent elections. More women being elected, minorities, even a transgender. And lots more women coming out to run for office. Love it! MAGA! LOL

There will be increased voter participation all right ad it will lead to the greatest defeat ever of Donald Trump in 2020- if he runs. Hopefully he will run away, decide not to run. or be impeached/ He has not done one positive thing for America.

It seems  almost  inevitable  that   a  connection  with  Russian/ Ukrainian  individuals  or  organizations with  dubious  repute are a  feature  of many of this   man's  enterprises.

It  would  be   no surprise  to me  that  in  good  time  it  is   revealed  that he  is and  has long been  a treasonous  agent  of  provocation  for  a  pay off.  

 

3 hours ago, craigt3365 said:

I read about some recent elections. More women being elected, minorities, even a transgender. And lots more women coming out to run for office. Love it! MAGA! LOL

Lol.... a good spin doctor could really guild the leaves of the Lilly that is trump.

 

editorial in ten years time;

donald trump, this nations forty forth president, started a ground roots movement which culminated in an increased gays and transgender participation in world politics, amongst other notable achievements.

 

3 hours ago, Thaidream said:

There will be increased voter participation all right ad it will lead to the greatest defeat ever of Donald Trump in 2020- if he runs. Hopefully he will run away, decide not to run. or be impeached/ He has not done one positive thing for America.

I’d actually like to see him run.... the results would be testimont to his presidency.

hell, that testimont could see him re elected... wouldn’t that be a kick in the ass!

 

lol... but as I doubt he would be re elected, ... a low vote might stop him from spending the rest of his life telling us how good he is

 

Odds on he wont run for a second term, but will none the less tweet everyone what he would have done, and how much better it would have been

Of course anything against the dumpster-fire that is Trump is fake news and  Fox, Infowars and Breitbart, are the bastions of truth and honesty - in bizarro world

 

Troll post and replies removed.

 

6 hours ago, farcanell said:

I’d actually like to see him run.... the results would be testimont to his presidency.

hell, that testimont could see him re elected... wouldn’t that be a kick in the ass!

 

lol... but as I doubt he would be re elected, ... a low vote might stop him from spending the rest of his life telling us how good he is

 

Odds on he wont run for a second term, but will none the less tweet everyone what he would have done, and how much better it would have been

They let you Tweet from jail?

10 hours ago, farcanell said:

Do you think that another by product of the trump legacy may be increased voter participation.... a recognition about the dangers of apathy?

 

Hopefully the legacy will be that people will come to realize that always voting for the "least worst" candidate only leads to worse and worse "least worse" candidates. When that happens voters don't see much difference between worst and and "least worse".

6 hours ago, farcanell said:

Lol.... a good spin doctor could really guild the leaves of the Lilly that is trump.

 

editorial in ten years time;

donald trump, this nations forty forth president, started a ground roots movement which culminated in an increased gays and transgender participation in world politics, amongst other notable achievements.

 

 

That's the correct takeaway I think. People always like to take the micro view and bicker endlessly about each and every bit of news that is "curated" for our consumption and always miss the macro view. For all his faults DT is an agent of change, and if you believe as I do that your country has been on a wrong path for many years, you see an opportunity for change. People can disagree what form that should take but hopefully it will cause them to devlop their own ideals than be tools for rubber stamping the ideals of institutions whose "ideals" are for sale. What did people gain in this last election by voting for the "least worse" candidate over voting for a candidate that more closely matched their ideals but lost also?

 

2 hours ago, lannarebirth said:

 

Hopefully the legacy will be that people will come to realize that always voting for the "least worst" candidate only leads to worse and worse "least worse" candidates. When that happens voters don't see much difference between worst and and "least worse".

I think that reference should be towards the political parties. IMHO, they are the biggest problem.

10 minutes ago, craigt3365 said:

I think that reference should be towards the political parties. IMHO, they are the biggest problem.

 

People not holding any particular core ideals and outsourcing that job to the parties is the problem IMHO. They buy into "the brand" (shudders) and their egos won't let them accept that the brand is toxic. If people have been a member of either of the two main parties for more than 20 years they should have noticed that neither party is any longer the party they supported then. I'm always surprised when people support each and every position their party holds and then will come on these boards to defend it.

 

I supported Sanders in the last election despite the fact I agreed with him on maybe 50% of his stated positions. What he did, that no one else did IMO is he identified the problems (and the sources of those problems) the nation faces. No one else really did that other than saying the other guy/gal would be worse.

Edited November 28, 20178 yr by lannarebirth

My Father was a hard core Republican. We both went independent some 30 years ago. The current political parties are the root cause of today's toxic environment. Change is desperately needed.

Please stay on topic.   This is about Trump's Panama Hotel.  

15 hours ago, Thaidream said:

There will be increased voter participation all right ad it will lead to the greatest defeat ever of Donald Trump in 2020- if he runs. Hopefully he will run away, decide not to run. or be impeached/ He has not done one positive thing for America.

Thank you. I hope you are correct. 

 

This would be dictator does NOT care about America of democracy. He only cares about money. If his tax plan is passed he and his family will gain at least 1 BILLION dollars. This will be added to the other money he gets from being President. Hopefully congress - maybe after 2018 - will hold him responsible for his mis-deeds. His name will be synonymous to sleaze for 100 years. 

5 hours ago, selftaopath said:

Thank you. I hope you are correct. 

 

This would be dictator does NOT care about America of democracy. He only cares about money. If his tax plan is passed he and his family will gain at least 1 BILLION dollars. This will be added to the other money he gets from being President. Hopefully congress - maybe after 2018 - will hold him responsible for his mis-deeds. His name will be synonymous to sleaze for 100 years. 

I believe Trump donates his salary to different government departments each quarter. I'm aware of donations to the Nation Park Service and the Department of Education but I'm not sure what he's done since.

On ‎11‎/‎28‎/‎2017 at 12:30 AM, webfact said:

after complaints over alleged mismanagement, the AP reported.

Yes if there is one thing that Trump knows about (and there isn't much), it is mismanagement.