[Published: Tuesday March 06 2018]
Panama hotel removes Trump branding
Panama City 6 Mar (ANA) - The majority owner of a luxury hotel in Panama City has regained control of the building after a legal battle with its management - the Trump Organization. Within hours of the verdict from a Panamanian court, hotel staff removed the Trump name from its main entrance.
Cypriot businessman Orestes Fintiklis has been fighting to cancel the contract with the Trump Organization, which he blames for a fall in profits. The Trump Organization said it had appealed against the decision.
Mr Fintiklis, majority owner of the Trump Ocean Club International Hotel and Tower, hailed the court's decision, saying: "Panama has made us proud. "Today, this dispute has been settled by the judges and the authorities of this country."
The standoff between Miami-based Mr Fintiklis and the management team at the hotel had lasted more than a week. On Monday, police and a court official enforced the owner's claim to the hotel as Trump Organization executives and security staff abandoned the building.
Hotel employees then pried the Trump logo from the entrance.(ANA)
FA/ANA/6 March 2018---------
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