Trump Name and Officials Dropped from Panama Hotel

A group of Panamanian police officers stand inside the Trump Ocean Club International Hotel and Tower in Panama City Monday

A group of Panamanian police officers stand inside the Trump Ocean Club International Hotel and Tower in Panama City Monday

Executives with President Donald Trump's family hotel business on Monday abandoned the management offices of a luxury hotel in Panama that has been the scene of a tense, 12-day standoff over a business dispute with the hotel's owners.

The owners on Monday were escorted into their hotel by police and a Panamanian judicial official, and Trump Organization security officials left the property on the same day, the AP reported.

Originally, Fintiklis, and other hotel unit owners, complained that the president's vast unpopularity in Latin America was responsible for the 70-story property's decline in revenue.

Trump Hotels last week accused Fintiklis of "fraud" and using "mafia-style tactics" to force its administration staff out of the disputed building.

A legal complaint filed by Fintiklis said that, late that same evening, he and others in his party witnessed Trump's management team destroying hotel documents, which Trump officials have denied.

But, in a brief press conference at the hotel, Fintiklis appeared to believe he had won a legal battle with the Trump Organization, which he blames for the hotel's declining revenues and low occupancy rates.

When he went to deliver the notice to the Trump Organization, he said he was "pushed and shouted at" by the organization's security outfit, the news wire reported.

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"Today, this dispute has been settled by the judges and the authorities of this country", Fintiklis told reporters."Today, Panama has made us proud".

And as the final humiliation, Fintiklis ordered Trump's name to be ripped off from the outside of the hotel - check out ABC News' video footage of Trump's name being torn down below.

"This was purely a commercial dispute that just spun out of control", said Orestes Fintiklis, a private equity investor and the head of the hotel's owners' association, shortly before entering the hotel management's offices.

Now, the Trump Hotels brand operates 11 properties in its portfolio after hotels in Toronto and NY similarly voted to step away from the brand recently. More than a half dozen of Trump's security officials were seen leaving the hotel.

"As long as President Trump refuses to divest from his businesses, his presidency will be followed by the shadow of conflict of interest", Jordan Libowitz, a spokesman for the watchdog group Citizens for Responsibility and Ethics in Washington, told Business Insider on Monday. Neither Trump nor the White House has commented on the matter. The Cyprus national then started playing a Greek anti-fascism song entitled "Accordeon" on a piano.

The statement arrived a few hours after workers at the hotel had begun removing Trump's name from the property.

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