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Trump’s Panama Tower sold for $23 million

Tuesday, July 11, 2017


Panama’s Trump Ocean & Tower Hotel, which has had a chequered history, and was the first  of the brand in Latin America has been sold for more than $ 23 million, says  a statement from the Panama Stock Exchange.

The project’s problems have included the bankruptcy of the original promoter, the firing of the Trump organization as managers and millions of dollars of lawsuits. While many lost their shirts, Trump emerged from the original deal pocketing at least the amount of the current selling price, although far less than he had anticipated.

Source: Newsroom Panama