The former Trump International Hotel & Tower Panama in Panama City will be managed by Marriott International as a JW Marriott.
Ithaca Capitol took control of the property from the Trump Organization in March 2018 following a fight that included court cases in the U.S. and Panama and Trump Organization lawyers asking president of Panama to intervene in the dispute.
The owners of former Trump hotels in New York and Toronto also have rebranded their properties to distance themselves from U.S. President Donald Trump.
"Marriott International is proud to partner with Ithaca Capital for the re-launch of this iconic hotel in Panama City, a growing gateway city and a critical hub for Latin America,” said Laurent de Kousemaeker, chief development officer, Marriott International, Caribbean & Latin America Region.
The hotel, which first opened in 2011, is the tallest building in Panama City and has been operating independently as Bahia Grand Panama Hotel.
Ithaca Capital, Hotel ToC and Marriott International signed agreements to rebrand the hotel as a JW Marriott, under a long-term management contract with Marriott International.
"We are thrilled that our hotel will operate as a JW Marriott and we believe that this partnership, together with a talented team and spectacular hotel amenities, will be a success,” said Orestes Fintiklis, managing partner of Ithaca Capital. “We look forward to welcoming new and returning guests to this iconic property."
The property's modern, sail-shaped 932-foot tower has become emblematic of Panama City and its skyline. The hotel is located at the ocean front of the city’s prestigious Punta Pacifica neighborhood, close to the banking, commercial and entertainment areas.
The hotel will offer three world-class restaurants, a Cava 15 bar, an expansive pool deck and a conference facility. Averaging 600 square feet each, the hotel's 369 guest rooms are the largest in the city with many directly on the oceanfront enjoying open views of the Gulf of Panama and the city's skyline.