Trump unveils Ocean Club Panama

The Trump Organization and K Group, a high-end resort developer in Panama, have entered into a
partnership to develop Trump Ocean Club, International Hotel & Tower, in
Panama City, Panama.The project was announced by Mr. Donald J. Trump
and Mr. Roger Khafif, President, K Group. Trump Ocean Club will be the
new benchmark in high-end real estate in Panama.

The 1.8 million square foot, $220 million project, will boast a 65-story
condominium tower with approximately 300 hotel condominium units and an
additional 500 condominium units, an International Casino, and Private
Beach Club on Contadora Island. The Trump Ocean Club will also feature
other amenities including a Yacht Club and Pier, world-class wellness
spa, state-of-the-art gym, pool deck, full-service meeting and event
spaces, and a business center.


Donald J. Trump said, “With this development we will set a new standard
of luxury in Panama. The Trump Ocean Club, International Hotel & Tower,
will be a magnificent and distinctive contribution to Panama City, one
of Latin America’s most dynamic cities.  With a shared appreciation of
Panama and for developing high-end properties, I look forward to working
with Roger Khafif of K Group and his partners on this exciting project.”



Roger Khafif commented, “The Trump Organization is committed to
realizing in Trump Ocean Club, a one-of-a-kind, best in class,
destination for living, working, boating, and shopping in Panama.  No
other property in this rapidly growing and desirable region can compete
with the Trump signature brand and their level of world-class amenities
and tenants.


“This is the first time that The Trump Organization has invested in real
estate development in Central America, highlighting the present level of
confidence Mr. Trump has in Panama, our budding economy and our
first-class developments. We look forward to working with The Trump
Organization - a world-class company which shares our commitment to


Donald J. Trump added, “I am excited to bring the prestige of the Trump
Organization to this exceptional destination project. We expect Trump
Ocean Club, Panama, to reach the success and renowned status of my other
luxury projects, including the Palm Trump International Hotel and Tower
in Dubai, Trump International Hotel & Tower, Chicago and Trump Tower,
among others.”


The Trump Ocean Club will be unique for the nation of Panama and will be
built consistent with the highest quality of construction and luxury
amenities and detail that is required by and associated with the Trump
name. Other prestigious and experienced partners involved in this
ambitious project include, the Colombian commercializing company
Espacios Urbanos S.A. and the Colombian construction firm Arias Serna y
Saravia S.A. 


The Trump Ocean Club, Panama, is being built on a beachfront lot with
majestic views of the Pacific Ocean and the Panama Bay, in the premier
and upscale district of Punta Pacifica. Punta Pacifica is one of the
newest and most exclusive areas of Panama City, bordering the financial
center and the residential area of Punta Paitilla, on land that was
reclaimed from the sea. It is linked directly to the rest of the city by
the new highway called “Corredor Sur” that guarantees accessibility to
any area, including the airport, in less than 15 minutes. The project is
expected to be completed by 2009.


The Trump Ocean Club, Panama, brings together, under a Club concept,
various harmonizing elements, creating an environment to suit the modern
“stress-free” lifestyle, complemented further by gourmet restaurants,
top notch entertainment venues, exclusive boutiques, and luxury retail
shops. It offers diverse living configurations for even the most
discerning client. It is ideal for the executive, resident or traveler
that requires a residence in Panama, close to the financial and
commercial sectors, where all his or her needs will be satisfied. It
also suits the lifestyle of a native or world traveler, who seeks the
convenience of a modern city, within a luxurious and gratifying region
that offers a high living standard. It is also an excellent solution for
the foreigner that looks for a second home or for a place to retire to,
in a tropical paradise that offers more affordable prices than those
that can be found elsewhere.


Residents of Trump Ocean Club, Panama will be able to enjoy all the Club
services that the development offers, including maid and laundry
service, the only 24-hour Yacht Club in Panama and access to over 1700
parking spaces, among other services.


Panama is rated as the number one place in the Americas for retirement
by Modern Maturity magazine and the number one place in the world by
International Living. Conde Nast Traveler selected Panama as one of the
six best places for a second home in the Americas. Panama is considered
one of the safest countries in the world with the highest rating for
tourist safety, and its proximity to the U.S. means anyone can book
direct flights from Panama to seven major U.S. cities. Panama is an
extraordinarily beautiful country with a wide variety of residential
venues including mountain, beach and city communities. Panama’s cost of
living is a fraction of the United States, with medical facilities on
par with the United States.