Trump Ocean Club International Hotel and Tower

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Trump Ocean Club
Panama 08 2013 Trump Ocean Tower 7085.JPG
Trump Ocean Club, Panama
General information
Type Hotel, Condo
Location Punta Colon, Punta Pacifica, Panama City, Panama
Construction started 2007
Completed 2011
Cost US$400 million[1]
Height
Roof 284 m (932 ft)[1]
Technical details
Floor count 70[1]
Floor area 252,000 m2 (2,710,000 sq ft)[1]
Lifts/elevators 37?
Design and construction
Architect Arias Serna Saravia S.A.
Developer Espacios Urbanos, K Group, Trump Organization
Website
Condos: http://www.trumpoceanclub.com
Hotel: http://www.trumphotelcollection.com/panama/

The Trump Ocean Club is a 70 story, 2,500,000 sq ft (230,000 m2), mixed-use waterfront condominium tower development in Panama City, Panama.

The project was developed by Colombian architects Arias - Serna - Saravia S.A.[2] The building is situated on a beachfront lot with views of the Pacific Ocean and Panama Bay, in the area of Punta Pacifica. The building was developed by real estate tycoon Donald J. Trump of the Trump Organization and Mr. Roger Khafif, President of the K Group, (a Panama resort developer). The project includes 369 hotel condominium units, 700 condominium units, 1500 parking spaces, retail shops, casino, use of a private beach club on Viveros Island, yacht club and pier, wellness spa, gym, pool deck, meeting and event spaces, and a business center.

The hotel opened July 6, 2011.[1] On September 21, 2011, it was indicated by Bloomberg.com that Fitch Ratings downgraded $220 million in bonds that Newland International Properties, Corp. is using to finance construction of the Trump Ocean Club in Panama. The downgrade to CCsf from B-sf, resulted from “continued uncertainty over the willingness and ability” of buyers to take possession of apartment units, according to Fitch documents.[3]

Sun International plans to open a 75,000-square-foot (7,000 m2) casino at the property with 600 slot machines and 32 table games in mid-2014. The company paid $45.5 million for the rights to the space, and will spend another $60 million to develop it.[4]

See also[edit]

References[edit]

  1. ^ a b c d e "Trump Ocean Club International Hotel & Tower". Skyscraperpage. Retrieved 2011-07-20. 
  2. ^ "Arias Serna Saravia". TrumpOceanClub.com. Retrieved 2013-11-11. 
  3. ^ Sabo, Eric (2011-09-21). "Fitch Downgrades Trump Hotel Builder in Panama, Citing Defaults". Bloomberg L.P. Retrieved 2012-10-02. 
  4. ^ Trump Ocean Club International Hotel & Tower Panama (November 29, 2012). "Trump Ocean Club International Hotel & Tower Panama announces Sun International as casino operator" (Press release). Retrieved 2012-12-04. 

External links[edit]

Coordinates: 8°58′32″N 79°30′26″W / 8.975556°N 79.507174°W / 8.975556; -79.507174