Another Hotel Moves to Strip Away Trump’s Name
- Hotels in NYC, Toronto already moved to strip Trump brand
- Room prices at Trump properties mostly tumbled since January
The Trump International Hotel in Panama City on July 30, 2015.
Photographer: Rodrigo Arangua/AFP/Getty ImagesThis article is for subscribers only.
The Trump Organization said its luxury hotel in Panama is legally required to keep the Trump brand following an Associated Press report that the 70-story building’s owners are trying to remove it, the third such effort this year.
“Not only do we have a valid, binding and enforceable long-term management agreement, but any suggestion that the hotel is not performing up to expectations is belied by the actual facts,” the Trump Organization said Monday in a statement. The hotel has outperformed the market in the past three years, and did as much as 37 percent better than its competitors in September, the company said.