Panama hotel owners vote to fire Trump's company — but it won't leave - News Summed Up

Panama hotel owners vote to fire Trump's company — but it won't leave


Trump Hotels accused Ithaca of deceiving its fellow hotel owners and illegally terminating the Trump contract. Occupancy in recent days — considered peak high season — has ranged from 26% to 28%, according to Trump Hotels figures. Overbuilding and general weakness in the Panama hotel market have contributed to problems. The heart of Trump Hotels' claim against the hotel owners is a February 2017 agreement. If the owners in Panama succeed, it won't be the first time Trump has been ousted there.


Source: Los Angeles Times January 16, 2018 18:38 UTC



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