Trump Ocean Club, located in the Punta Pacifica area of Panama City, has been sold for $23.7 million to a new owner, whose name has not been disclosed.
The Notice of a Relevant Fact issued by the Panamanian National Stock Exchange (Panabolsa) indicates that Newland International Properties Corp, the developer of the hotel complex, signed a sale contract consisting of the transfer of 202 hotel units and 12 units of hotel amenities, for a price of $23.7 million.
It is expected that the sale transaction will be completed and the units transferred to the new owner during July of this year.
See press release issued by Panabolsa (In Spanish).
Hopefully they will remove the name “TRUMP” from the building