By Athena Halkou
The name Panama Trump Hotel was erased forever and was replaced by the Bahia Grand Panama Hotel. Cypriot businessman Orestis Fintiklis defeated Trump, however, the legal dispute between the Trump family's company and the Cypriot businessman continues.
"The controversy arose when Orestes acquired this hotel, there was an agreement with the Trump family to manage it but all this on the condition that it will be properly managed. "Events have shown that it is very poorly managed, damaging, and so they have decided that they have to change managers."
The legal battle between the two sides is fierce.
"An arbitration case is pending between Orestes and the Trump family. However, the developments are positive because before the risk of the Trump family's company paying huge legal fees, it reduced its claims to 3 million dollars, with some possibility to increase them to 9, while Orestis Fintiklis maintains his claims for compensation from his company. President Trump at $ 15 million. "
The essence of the matter, as Orestis Fintiklis' father tells us, was the recovery of the occupation.
The paradox is that the Cypriot businessman has personal relations with members of the Trump family and especially the two sons of the Planetarium, Eric and Trump Jr.
- Knows the family, the two sons who run the hotel.
- What was the position of his sons?
- That they had to maintain the management of the hotel, for them was the jewel of their hotels according to Trump's daughter and so they wanted to keep it so as not to send the message that their business is not doing well.
The continuation of the case will unfold in the courts.