Trump Organization ousted from Panama luxury tower in ownership dispute: report

President Donald Trump and the Trump Organization have reportedly lost control of their family hotel business in Panama.

According to the Associated Press and Washington Post, the owner of the hotel seems to have won a legal victory in court this morning. “The hotel’s owner says he has wrested control of the hotel,” the Post’s David Fahrenthold tweeted.

Investor Orestes Fintiklis then played a piano concert in the lobby of the hotel.

NEW: the owner of @realDonaldTrump’s hotel seems to have won a victory as a result of this police/judge visit this morning. He just played a piano concert in the lobby. Still figuring out exactly what happened.

— David Fahrenthold (@Fahrenthold) March 5, 2018

UPDATE: The hotel’s owner says he has wrested control of the hotel from @realDonaldTrump’s company. Still waiting to hear confirmation from Trump Org. Story coming soon. https://t.co/99b0IZzG33

— David Fahrenthold (@Fahrenthold) March 5, 2018

It was then confirmed by the AP:

BREAKING: President Donald Trump’s family hotel business ousted from luxury hotel offices in Panama amid business dispute.

— The Associated Press (@AP) March 5, 2018

Last Tuesday, Panamanian police handcuffed a security guard working for the hotel after the hotel’s owner tried to fire the Trump Organization. The Trump staff refused to leave. The guard was detained after he refused to allow officers to enter the hotel’s offices. The Washington Postreported.

The most recent financial disclosure from Trump showed $810,000 in revenue from the hotel over the past 15 months.

ABC News reported that the police and a judge were forced to evict the security guards preventing entrance for non Trump Organization staff.

Watch the video below of the scene:

Owner’s lawyer vs. Trump Organization security guard outside contested administrative offices of Trump Hotel in Panama pic.twitter.com/BaVZVqaTh8

— Kirk Semple (@KirkSemple) March 5, 2018

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