The Bahia Grand Panama (formerly Trump International Hotel & Tower Panama, and before that Trump Ocean Club or Trump Ocean Club International Hotel and Tower) is a 70-storey, 2,500,000 sq ft (230,000 m2), mixed-use waterfront condominium tower development in Panama City, Panama, in the area of Punta Pacífica. It opened in 2011 as the first international development of the Trump Organization. At 70 stories, it is the tallest building in Panama.
Video The Bahia Grand Panama
Building
The project was designed by Colombian architects Arias - Serna - Saravia S.A. It includes a five-star hotel of 369 hotel condominium units, 700 residential condominium units, 1500 parking spaces, retail shops, a 75,000-square-foot (7,000 m2) casino operated by Sun International, a private beach club, daily ferry service to the Pearl Islands, yacht club and pier, wellness spa, gym, pool deck, meeting and event spaces, and a business center.
The 13-storey base is topped by a tower resembling the Burj Al Arab, a hotel in Dubai, United Arab Emirates; before its completion the developer asked for a preemptive injunction against lawsuits by Jumeirah Group over the similarity.
When built, the tower was the tallest building in Latin America; as of 2008 it remains the tallest in Central America.
Maps The Bahia Grand Panama
History
The building was developed by Donald Trump's Trump Organization and Roger Khafif, President of the K Group, a Panama resort developer. The hotel opened on July 6, 2011. In September 2011 Fitch Ratings downgraded $220 million in bonds that Newland International Properties Corp. was using to finance construction of the building from B-sf to CCsf because of "continued uncertainty over the willingness and ability" of buyers to take possession of apartment units.
Newland licensed the Trump name; the hotel was the first international Trump development to open. The Trump Organization managed the hotel under contract until March 2018, when Cypriot businessman Orestes Fintiklis, who had bought a majority stake in the hotel condominium association, legally ousted them and had the Trump name removed. The tower was renamed The Bahia Grand Panama.
On March 22, the Panamian law firm Britton and Iglesias petitioned Panamanian President Juan Carlos Varela to intercede and restore the Trump Organization's management team.
Gallery
See also
- List of tallest buildings in Panama City
- Vasco da Gama Tower - similar structure in Lisbon, Portugal
- W Barcelona - a similar-shaped skyscraper in Barcelona, Spain
- Spinnaker Tower - similar structure in Portsmouth, United Kingdom
References
External links
- Official condominium website
- Official hotel website
Source of the article : Wikipedia
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