Trump International Hotel & Tower Panama
| Trump International Hotel & Tower Panama | |
|---|---|
Trump Hotel, Panama
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| General information | |
| Type | Hotel, Condo |
| Architectural style | Postmodern |
| Location | Punta Colon, Punta Pacifica, Panama City, Panama |
| Construction started | 2007 |
| Completed | 2011 |
| Cost | US$400 million[1] |
| Height | |
| Tip | 293 m (961 ft) |
| Roof | 284.4 m (933 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 | |
| Condominium: www.trumpoceanclub.com Hotel: www.trumphotels.com |
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The Trump International Hotel & Tower Panama (formerly Trump Ocean Club or Trump Ocean Club International Hotel and Tower) is a 70-storey, 2,500,000 sq ft (230,000 m2), mixed-use waterfront condominium tower development in Panama City, Panama, in the area of Punta Pacífica. It opened in 2011 as the first international development of the Trump Organization.
Building[edit]
The project was designed by Colombian architects Arias - Serna - Saravia S.A.[2] It includes a five-star hotel of 369 hotel condominium units, 700 residential condominium units, 1500 parking spaces, retail shops, a 75,000-square-foot (7,000 m2) casino operated by Sun International,[3] a private beach club, daily ferry service to the Pearl Islands, yacht club and pier, wellness spa, gym, pool deck, meeting and event spaces, and a business center.[4]
The 13-storey base is topped by a tower resembling the Burj Al Arab, a hotel in Dubai, United Arab Emirates;[4][5] before its completion the developer asked for a preemptive injunction against lawsuits by Jumeirah Group over the similarity.[6]
When built, the tower was the tallest building in Latin America; as of 2008[update] it remains the tallest in Central America.[4]
History[edit]
The building was developed by Donald Trump's Trump Organization and Roger Khafif, President of the K Group, a Panama resort developer. The hotel opened on July 6, 2011.[1] In September 2011 Fitch Ratings downgraded $220 million in bonds that Newland International Properties Corp. was using to finance construction of the building from B-sf to CCsf because of "continued uncertainty over the willingness and ability" of buyers to take possession of apartment units.[7]
Newland licensed the Trump name;[6] the hotel was the first international Trump development to open.[5] The Trump Organization managed the hotel under contract until March 2018, when Cypriot businessman Orestes Fintiklis, who had bought a majority stake in the hotel condominium association, legally ousted them and had the Trump name removed.[8]
Gallery[edit]
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See also[edit]
- List of tallest buildings in Panama City
- Vasco da Gama Tower - similar structure in Lisbon, Portugal
- W Barcelona - a similar-shaped skyscraper in Barcelona, Spain
- Spinnaker Tower - similar structure in Portsmouth, United Kingdom
References[edit]
- ^ a b c d e "Trump Ocean Club International Hotel & Tower". Skyscraperpage. Retrieved July 20, 2011.
- ^ "Arias Serna Saravia". TrumpOceanClub.com. Retrieved November 11, 2013.
- ^ 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 December 4, 2012.
- ^ a b c Loftus, Karen. "Review: Trump International Hotel and Tower — Panama City". Luxury Latin America. Retrieved 5 March 2016.
- ^ a b Brass, Kevin (15 July 2011). "Donald finally comes up trumps in Panama". The National. Retrieved 5 March 2018.
- ^ a b "Trump project in Panama goes to court over talk it copied design of famous Dubai hotel". The International Herald Tribune (Raising the Roof blog). 21 May 2008. Retrieved 8 January 2017 – via The New York Times.
- ^ Sabo, Eric (September 21, 2011). "Fitch Downgrades Trump Hotel Builder in Panama, Citing Defaults". Bloomberg L.P. Retrieved October 2, 2012.
- ^ Currud, Ana; Fahrenthold, David A. (5 March 2018). "Trump Panama hotel showdown appears to end, and the Trump name is coming down". The Washington Post. Retrieved 5 March 2018 – via San Francisco Chronicle.
External links[edit]
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Wikimedia Commons has media related to Trump International Hotel & Tower Panama. |
Coordinates: 8°58′32″N 79°30′26″W / 8.975556°N 79.507174°W
