GLOBAL ECONOMY

Trump invests in Colombian hotel; eyes purchase of professional soccer club

CLEVELAND, OH - AUGUST 06:  Republican presidential candidate Donald Trump participates in the first prime-time presidential debate hosted by FOX News and Facebook at the Quicken Loans Arena August 6, 2015 in Cleveland, Ohio. The top-ten GOP candidates were selected to participate in the debate based on their rank in an average of the five most recent national political polls.  (Photo by Chip Somodevilla/Getty Images)

CLEVELAND, OH - AUGUST 06: Republican presidential candidate Donald Trump participates in the first prime-time presidential debate hosted by FOX News and Facebook at the Quicken Loans Arena August 6, 2015 in Cleveland, Ohio. The top-ten GOP candidates were selected to participate in the debate based on their rank in an average of the five most recent national political polls. (Photo by Chip Somodevilla/Getty Images)  (2015 Getty Images)

Colombia may have withdrawn its bid to host the Miss Universe pageant amid the uproar created by Republican presidential candidate Donald Trump, but that doesn't mean that they're not interested in his money.

According to various reports in Colombian media, the boisterous real estate mogul has already inked a deal to purchase a hotel in Medellín for reportedly close to $90 million and is now considering an investment in the city's popular Atlético Nacional soccer club.

Trump, in partnership with the European-based real estate company Proto Enterprises, bought the hotel in Colombia's second largest city for $88 million and is part of a deal that saw the presidential candidate come into possession of another hotel in Acapulco, Mexico. 

The hotel in Medellín is slated to open in late 2016.

Proto Enterprise said that "the purchase of a hotel in Mexico and now in Colombia is a sign of reconciliation with Latin America,” El Colombiano reported. The comment is in reference to Trump's now infamous remarks labeling Mexican migrants to the United States as drug dealers and rapists — something that sparked ire across much of Latin America.

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"This project was in the works since long ago and it had been advancing. Now with Trump entering U.S. politics and with his controversies regarding Latin Americans — we think that it is his problem, we remain steadfast in our commitment to the development in Medellín," said a company representative on condition of anonymity, according to El Colombiano.

Trump's hotel move may be falling into place, but his bid to become the owner of one of Colombia's – and arguably Latin America's – most popular soccer clubs appears to be on the skids.

The Colombian newspaper El País reported that despite Trump's $100 million offer to buy Atlético Nacional, the top brass for El Verde Paisa told the mogul in no uncertain terms that the squad is not up for sale.

The team's president Juan Carlos de la Cuesta released a statement saying neither he nor his organization have received a formal offer from Trump – although a spokesperson for Trump confirmed an offer has been made – and went on to declare that his intention is to stay with the team.

Trump's comments about Mexico stirred up resentment throughout Latin America with many Colombians joining to protest against the mogul, including Colombia's Former Miss Universe, reggaeton singer J Balvin and Shakira.

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