Real estate American mogul Donald Trump has recently inaugurated the tallest luxury hotel in Latin America, the 280-meters (approx. 918 feet)tall, 70-storey Trump Ocean Club. Located in Panama City, the hotel was designed by Arias Serna, a Columbian architecture firm, and is now a new important landmark of the city. Both business and leisure travel to Panama is expected to be boosted by the new hotel.
Marking Trumps’ first real estate and hospitality venture abroad, the tower boasts 47 suites, a casino, a spa, a marina, 37 elevators and an island with a private beach, among other amenities. If you feel that the architecture looks somehow familiar, it must be because you’ve probably seen Middle East’s Bahrain World Trade Center and the Trump International Hotel which share several design cues with the Trump Ocean Club.
Wealthy buyers have already started purchasing several luxury residences in the tower, for prices ranging between $250,000 and $1 million. Guests will pay $300 and upwards for a night at the new hotel. While leisure travelers will enjoy the hotel in a more unwinding manner, business people will find it just perfect for their specific activities: a 4,200-square-meter (approx. 45,200 square feet) convention center provides plenty of space for seminars and business gatherings.
Currently having one thousand employees, the Hotel has reportedly cost Trump some $430 million to build and prepare for its high end visitors. The President of Panama declared himself very pleased with the huge investment that the American tycoon has made in the country, describing the tower as “one of the most important and beautiful buildings”.