Donald Trump’s entry to Latin America’s #realestate market
Donald Trump has officially entered the Latin America real estate market. Earlier this month he opened the Trump Ocean Club, a 70-story luxury resort in Panama City. At 284 meters (932 feet) this is now the tallest building in Latin America.
"This is the first Trump project outside of the United States," Trump’s son Eric told reporters during a recent visit.
This $430 million investment was designed by Colombian architecture firm Arias Serna Saravia. It has a 900-square-meter (9,690-square-foot) terrace with an oceanfront pool, 47 suites, 37 elevators, a spa, marina, casino, an island with a private beach, as well as personalized butler service and a convention center stretched across 4,200 square meters (45,210 square feet). The Panama City resort has provided a thousand people with work and, according to the press, almost all of the residences have already been bought up.
The city’s real estate boom has turned Panama City, the capital of Panama, into a "mini Dubai", mirroring the wealthy Gulf city’s skyscrapers and monumental buildings.
"I want to thank Donald Trump for coming to Panama to invest in Panama and Panamanians for this opportunity to host one of the most important and beautiful buildings," said President Ricardo Martinelli.
Donald Trump says that he plans to continue building hotels in Latin America as the region’s economies continue to progress and show strong growth.
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