The JW Marriott Panama (formerly The Bahia Grand Panama, before that Trump International Hotel & Tower Panama, and before that Trump Ocean Club) is a 70-storey, 2,710,000 sq ft (252,000 m2), mixed-use waterfront hotel and condominium tower development in Panama City, Panama, in the area of Punta Pacífica. It opened in 2011 as the first international "named branded development" of the Trump Organization. At 70 stories, it is the tallest building in Panama and the tallest building in Central America.
Video JW Marriott 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, 628 residential condominium units, 1500 parking spaces, 36 retail shops, 10 story Office Tower a 75,000-square-foot (7,000 m2) casino operated by Sun International,, 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 and still remains the largest mixed use building of its kind in Latin America.
Maps JW Marriott Panama
History
The building was developed by Roger Khafif, President of the K Group, a Panama resort developer and three Colombian partners by Newland International Properties Corp. 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 brand name; the hotel was the first international Trump "name branded" 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 from the building in 2015 and from the hotel March 5, 2018. The hotel was renamed The Bahia Grand Panama.
On March 22, the Panamanian law firm Britton and Iglesias unsuccessfully petitioned Panamanian President Juan Carlos Varela to intercede and restore the Trump Organization's management team.
On June 28, 2018, it was announced that the hotel would become a JW Marriott. It was officially renamed on September 26, 2018.
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 website
Source of article : Wikipedia
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