updated 6/8/2011 9:46:09 AM ET 2011-06-08T13:46:09

PANAMA CITY, Panama, June 8, 2011 (GLOBE NEWSWIRE) -- Since its groundbreaking in 2006, enthusiasts and sophisticated travelers from all over the world have been following the progress of what promises to be Latin America's newest landmark property - Trump Ocean Club® International Hotel & Tower Panama. With its beautiful silhouette that emulates a massive sail overlooking Panama Bay, the 72 storey building has already redefined the City's skyline and is a must-see for all those who visit. At its completion, Trump Ocean Club® will encompass a total area of 2.7 million square feet and will rise 290 meters, making it one of the largest and tallest properties in the region.

"The striking architecture alone is something that has never been seen before in Latin America. Every day we have people driving by the building just to see its exterior up close," explains Roger Khafif, the property's developer and President of Newland International Properties Corp. Come July, visitors, guests and owners will finally be able to experience one of the most anticipated developments when Trump Ocean Club® finally opens its doors.

Trump Ocean Club® has many features that make it unlike in other building in the current architectural landscape. These include its unique shape whereas its mast structure was developed from the ground up and its arches begin on the 14th floor and rise to the 72nd level. Amazing views of Panama City, the Pacific Ocean and Panama Bay can be seen from multiple balconies and terraces located on the 14th floor. While enjoying a bite from one of the restaurants located on this level, one can also watch the boats pass by as they make their way to the Panama Canal.

Trump Ocean Club® is truly an impressive study of development in numbers:

  • 290 meters high (one of the tallest in Latin America)
  • 72 stories tall
  • 2.7 million square feet of total gross area (the largest property in Latin America)
  • 18,500 tons of steel reinforcement
  • 123,000 cubic meters of total concrete (enough to build five buildings with 50 floors)
  • 10,000,000 estimated man-hours needed to build the development by the end of construction
  • 5,000,000 feet of cable installed (equivalent to the miles between New York City and St. Louis, Missouri)
  • 1004 total units (630 Residences and Bay Loft as well as 369 Hotel units)
  • 2,500 laborers at peak of construction

Trump Ocean Club®, located in the Panama City's most desired neighborhood Punta Pacifica, showcases a total of 1004 well-appointed units, which include Residences, Bay Lofts and hotel guestrooms. The first five-star development in the country, the building will showcase numerous luxurious amenities including an oversized infinity pool, amenities deck, upscale boutiques, exclusive office lofts, an elite hotel sky lobby, a state-of-the-art business center, concierge service, valet parking, and much more. www.trumpoceanclub.com

Sabrina Lacle                                                                                      

(305) 856-8004 ext. 309                                                                    


About the Developer – Newland International Properties Corp.

Trump Ocean Club® International Hotel & Tower ® Panama (Trump Ocean Club) is being developed by Newland International Properties Corp. (Newland). In 2006, Newland began developing Trump Ocean Club in Panama's exclusive Punta Pacifica peninsula, creating what it anticipates will be the most spectacular development in Panama's history.  In striving to create this unrivaled luxury destination, Newland licensed the Trump name from Trump Marks Panama LLC and retained Trump Hotel Collection, the award-winning hotel management company, to set a new benchmark for luxury hospitality not only in Panama, but throughout Latin America.

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