JW Marriott Panama

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  (Redirected from The Bahia Grand Panama)

JW Marriott Panama
Panama 08 2013 Trump Ocean Tower 7085.JPG
JW Marriott Panama
General information
TypeHotel, Condo, Residential, Office Tower & Commercial Retail
Architectural stylePostmodern
LocationPunta Colon, Punta Pacifica, Panama City, Panama
Construction started2007
CostUS$400 million[1]
Tip293 m (961 ft)
Roof284.4 m (933 ft)[1]
Technical details
Floor count70[1]
Floor area252,000 m2 (2,710,000 sq ft)[1]
Design and construction
ArchitectArias Serna Saravia S.A.
DeveloperEspacios Urbanos, K Group, Trump Organization

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 [es]. 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[2] and the tallest building in Central America.[3]


The project was designed by Colombian architects Arias - Serna - Saravia S.A.[4] 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,[5], daily ferry service to the Pearl Islands, yacht club and pier, wellness spa, gym, pool deck, meeting and event spaces, and a business center.[6]

The 13-storey base is topped by a tower resembling the Burj Al Arab, a hotel in Dubai, United Arab Emirates;[6][7] before its completion the developer asked for a preemptive injunction against lawsuits by Jumeirah Group over the similarity.[8] The interior was designed by Hirsch Bedner Associates.[9]

Construction began in May 2007.[10] 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.[6]


Donald Trump arranged financing for the project from the investment bank Bear Stearns - a $230 million bond offering[11] - for which he received a $2.2 million commission.[10][12] During the financing, Ivanka Trump falsely claimed that over 90% of the units had been sold, and that their sale price was five times that of comparable units.[10][13] Ivanka Trump also exaggerated demand for the units, claiming in 2009 they were selling out even as potential buyers were being offered substantial discounts.[10][14] During the development, Donald Trump falsely implied that the Trump Organization had a financial stake in the project, and that it was acting as the developer, neither of which were true.[10]

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. Khafif first conceptualized the project in 2005, and arranged a meeting with Donald Trump via Marvin Traub.[10][11] A contract was signed initiating the project in New York City in 2006.[11] Ivanaka Trump was given a lead role in developing the project.[10]

The hotel opened on July 6, 2011, approximately one year behind schedule, in a ceremony attended by President Ricardo Martinelli.[10][1][15] 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.[16]

Newland licensed the Trump brand name for an initial fee of $1 million,[10][8] the hotel was the first international Trump "name branded" development to open.[7][9] Donald Trump reportedly personally profited between $30 million and $55 million from the project.[10]

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.[17] The hotel was renamed The Bahia Grand Panama.[18]

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.[19][20]

On June 28, 2018, it was announced that the hotel would become a JW Marriott.[21] It was officially renamed on September 26, 2018.[22]


See also

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