Trump Name Removed From Panama Hotel As Majority Owner Plays Anti-Fascist Song to Celebrate

The majority owner of the Trump Ocean Club Hotel in Panama claimed Monday to have taken control of the property’s management from the Trump Organization after months of legal battles and escalating physical confrontations. President Donald Trump's name, emblazoned outside the hotel, was removed from the property.

Orestes Fintiklis, who in August bought up the majority of the club’s units with his firm Ithaca Capital Partners, showed up at the hotel and waited for lawyers, police, a judge and other officials to hash out the dispute with the Trump Organization, according to The New York Times.

“Today, this dispute has been settled by the judges and the authorities of this country,” Fintiklis told reporters.“Today, Panama has made us proud.”

Fintiklis seemingly won the dispute and security guards in front of the hotel’s administrative office were removed. The Cyprus national then started playing a Greek anti-fascism song entitled “Accordeon” on a piano.

However, it remains unclear exactly what kind of victory Fintiklis had claimed.

The Trump name was taken off the sign posted outside the hotel.


The Trump Organization did not immediately respond to Newsweek’s request for comment or confirmation about Fintiklis wresting power from the global real estate empire. The company had a management deal in place with Fintiklis and his firm until 2031.

Originally, Fintiklis, and other hotel unit owners, complained that the president’s vast unpopularity in Latin America was responsible for the 70-story property’s decline in revenue. Fintiklis was actively trying to remove Trump's name from the hotel.

A legal battle began last fall with Ithaca Capital claiming in a lawsuit that the hotel had "steadily been losing market share and stands in last place among its peer luxury hotels in all the relevant metrics for success in the hotel industry."

In recent weeks, physical confrontations between Fintiklis and Trump staff at the hotel began. Fintiklis told employees that the president’s company had been lying to them and tried to fire four employees. The hotel’s power had also been turned off briefly, with the Trump Organization appearing to pin the blame on Fintiklis.

Fintiklis also complained in court after employees stopped him from entering the property, in which his firm owns 202 of the 369 total units.

The Trump Organization previously described Fintiklis’ efforts as “pure thuggery.”

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