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By Elida Moreno
PANAMA CITY (Reuters)

A Panamanian court on Monday evicted the Trump management team from the Trump Ocean Club International Hotel and Tower in Panama City, in an apparent victory for the hotel’s majority owner, who has fought to regain control of the property

A few hours after a worker removed the Trump name from the property, the Trump Organization said in a statement that a Panamanian court had ordered the appointment of a temporary third-party administrator to manage the hotel, adding that it believes no final legal determination has been made.

 

The Trump Ocean Club International Hotel and Tower Panama is seen between apartment buildings in Panama City
The Trump Ocean Club International Hotel and Tower Panama is seen between apartment buildings in Panama City, Panama February 27, 2018. REUTERS/Carlos Lemos

 

The Trump Organization also said it was “fully confident” it would ultimately prevail in the legal battle.

The bitter dispute surrounding the Trump-branded hotel has shone a fresh light on the business dealings of the U.S. president across the world. Various Trump-branded properties have dropped the name and Trump management teams since the president took office last year.

 

Orestes Fintiklis, managing partner of Ithaca Capital Partners, speaks to reporters at Trump Ocean Club International Hotel and Tower in Panama City
Orestes Fintiklis, managing partner of Ithaca Capital Partners, which now owns the hotel and the majority of the condo units at the Trump International Hotel and Tower, speaks to reporters at Trump Ocean Club International Hotel and Tower in Panama City, Panama March 5, 2018. REUTERS/Carlos Lemos

 

Earlier on Monday, Orestes Fintiklis, the owner of the hotel in Panama who has been fighting a legal battle to oust the Trump Organization’s hotel management team, said a court had ended the fight.

 

Police cars are seen outside the Trump International Hotel and Tower in Panama City
Police cars are seen outside the Trump International Hotel and Tower in Panama City, Panama March 5, 2018. REUTERS/Carlos Lemos

 

“Today, this dispute has been settled by the judges and the authorities of this country,” he said, without giving further information. “Today, Panama has made us proud.”

 

Panamanian legal authorities did not respond to requests for comment

The Trump Organization said that the spat will ultimately be settled by an arbitration panel under the International Chamber of Commerce.

 

 

When it was completed in 2011, the 70-floor, sail-shaped building was the future U.S. president’s first international hotel venture, a complex including apartments and a casino in a waterfront building that has earned Trump between $30 million and $50 million.

 

(Reporting by Elida Moreno; editing by Gabriel Stargardter and Jonathan Oatis)

 

Worker removes the Trump name from the Trump Ocean Club International Hotel and Tower in Panama City
A worker removes the Trump name from the Trump Ocean Club International Hotel and Tower in Panama City, Panama March 5, 2018. REUTERS/Carlos Lemos

 

Orestes Fintiklis, managing partner of Ithaca Capital Partners, plays the piano at Trump Ocean Club International Hotel and Tower in Panama City
Orestes Fintiklis, managing partner of Ithaca Capital Partners, which now owns the hotel and the majority of the condo units at the Trump International Hotel and Tower, plays the piano at Trump Ocean Club International Hotel and Tower in Panama City, Panama March 5, 2018. REUTERS/Carlos Lemos

 

Worker removes the Trump name from the Trump Ocean Club International Hotel and Tower in Panama City
A worker removes the Trump name from the Trump Ocean Club International Hotel and Tower in Panama City, Panama March 5, 2018. REUTERS/Carlos Lemos

 

Site where the Trump name was removed from the Trump Ocean Club International Hotel and Tower is seen in Panama City
The site where the Trump name was removed from the Trump Ocean Club International Hotel and Tower is seen in Panama City, Panama March 5, 2018. REUTERS/Carlos Lemos
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