The former Trump International Hotel & Tower Panama is trading the name of one famous hotelier for another.
The sail-shaped tower will be managed by Marriott International Inc. as a JW Marriott hotel, according to a statement from owner Ithaca Capital. The Miami-based firm, led by managing partner Orestes Fintiklis, took control of the property from the Trump Organization in March after a struggle that included court cases in the U.S. and Panama and the use of a crowbar to strip Trump’s name off the building.
Lawyers for the Trump Organization had asked the president of Panama to intervene in the dispute.
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