Trump Tower Inaugurated in Panama

The Trump Ocean Club building required an investment of $430 million, and has a hotel, residential apartments, a 4,200 square meter convention center of, a spa, marina and a private beach island.

The development is the Trump Group's first project outside of the United States, and employs around 1,000 people.

"I want to thank Donald Trump for coming to and investing in Panama and giving us the opportunity to host one of the most beautiful and important buildings," said the Panamanian President Ricardo Martinelli.

Source: Google

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Trump Ocean Club to Open in June

February 2011

The first Trump Hotel Collection of Latin America will open in Panama City in June 2011.

"The project required a $ 400 million investment, of which 220 million were obtained through a bond issuance held by Newland International Properties Corp. in 2007", reported Prensa.com.

Agreement Among Trump Ocean Club Shareholders

April 2012

Newland International Properties has announced that it has approved an agreement that enables the release of company funds in order to finance the works still to be completed.

The company Newland International Properties Corp. announced on Tuesday that it has reached an agreement with the holders of its bonds, which will allow the building the Trump Ocean Club hotel to be finished, reported Capital.com.pa.

Trump Ocean Club will Open in Mid-2011

November 2010

The building located on the Panama Bay is 70 stories high and will be the largest hotel in Latin America.

The hotel, the first in Latin America of the Trump Hotel Collection brand, has 369 rooms of between 48.8 and 145 square meters, a 929 square meter spa and about 1,500 square meters of events areas.

Trump Ocean Club Debt Restructuring

November 2011

Holders of bonds issued by Newland International Properties Corp. are willing to become partners in the project because the developer does not have the necessary capital for the next repayment.

On November 15, Newland International Properties Corp., developer of Trump Ocean Club International Hotel & Tower, is due to pay $31 million in amortization of capital to holders of bonds issued to finance the Trump Ocean Club.