Monday, February 26, 2018

The mismanagement chronicles: For hotel owner in Panama, Trump's name is the kiss of death

Donald Trump has a long history of bad management practices and outcomes.  This underpopulated location is one example.

Trump’s America: Hotel Hell at Trump’s Tower in Panama. (Metro, 2/25/2018)
No, Trump doesn’t actually own this “Trump” tower. He didn’t design or build it. He just slapped his name on the place and let his people run it, which they’ve been doing abysmally, it seems. Like a Trump, you might say. 
Anyway, a Miami businessman named Orestes Fintiklis bought up 202 of the hotel’s 369 rooms at fire-sale prices last fall, noticing that hardly anyone in Panama wanted to stay somewhere named “Trump.” On Thursday, Fintiklis showed up at the failing hotel with an eviction notice, demanding the Trump Organization management team hand over the keys. They refused, locked themselves in an office and, from the sound of things in the hallway, started shoveling piles of paper into the shredding machine. The police were called. At one point, the power was turned off. There was a lot of yelling in the lobby and the hallways.

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