Ithaca Capital announced that the Bahia Grand Panama hotel -the current name of the former Trump Ocean Club International Hotel & Tower Panama- will be called from September JW Marriott , the luxury brand of the American hotel operator Marriott International.
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The complex was operated until March of this year by Trump Panama Hotel Management , a company linked to the president of the United States, Donald Trump , but after a bitter confrontation with the owner of the property, the Cypriot Orestes Fintiklis, managing partner of Ithaca Capital, the company Trump lost the operation of the hotel.
Ithaca Capital signed agreements with Marriott International to change the hotel brand to JW Marriott, under a long-term management contract.
“We are delighted that our hotel operates as JW Marriott and we believe that this partnership, together with a talented team and spectacular services, will be a success,” Fintiklis said in a statement.