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CBRE completes $25 million sale of Trump Ocean Club in Panama

Thursday, August 31, 2017

CBRE Brokers has completed the sale of the majority interest in Trump Ocean Club Hotel, a 369-unit luxury resort in Panama City’s Punta Pacifica neighborhood.

Newland International Properties Corp. sold the stake consisting of 202 hotel units to Ithaca Capital Investments in a $24.5 million deal.

Source: CP Executive