Newsletter September 2008

Posted By: Panama Expertos on 01.09.2008
Views: 1367, Published in sections: Panama Real Estate Info :: Panama News ::

New Hotels Coming to Panama

Asia Travel Tips.com - Marriott is to open a Renaissance hotel in Panama in 2011 under a management agreement with Hotel Properties of Panama, Inc. In addition, Marriott plans to expand its existing properties and to add two additional hotels, tripling its presence in the country, over the next 30 months to five hotels and 1,200 rooms. The 300-room Renaissance Panama Hotel Financial District will be located in the heart of the financial district on a prime site immediately adjacent to the existing 295-room Panama City Marriott to which it will be physically joined, enabling guests to easily walk from hotel to the other. The hotel will be part of a mixed-use project that will include two towers above a podium. One of the towers will house the hotel and up to 150 unbranded residential condominiums on the floors above the hotel. The second tower will house offices.

In addition to Hotel Partners’ new Renaissance property, the Courtyard by Marriott Panama will be expanded from 120 rooms to 248 rooms by its owner, Grupo Poma that is also opening the 150-room Courtyard by Marriott Panama near the Los Pueblos Mall in 2010. Meanwhile, Caribe Hospitality plans to open the 100-unit Residence Inn Panama in 2010 for extended stay travelers. Final agreements on both the Courtyard by Marriott Panama and the Residence Inn Panama are expected to be executed within the next 60 days.

And of course the Hilton on Balboa, the Nicki Beach City Hotel, the Buddha Bar Hotel and others are being planned……

Big Boquete Development Revealed

La Prensa Newspaper revealed on Sunday in a large article, the purchase of over 900 hectares( 2200 acres) in the Boquete region, by the family of the Panama President in 2007 for over 5 million USD. Las Huacas is about 10 minutes from the town, across the river, and without road access or public utilities at this time The development plans have not been made public, but there many rumours about it.

The Bottom Line; you have influential panama families and groups who believe in the growth and future development of the region.

Boquete Meadows Customization:

Faberge Developments and www.boquetemeadows.com have announced, the concept of Customize your Home. They have added many options and opportunities for new homeowners to amend or add to the home they buy. Maintaining excellent price points and with each town-home having its own lot.

Condos ready

We now have more city condominiums ready to move in. More buildings are being completed and there are also some good buys on condos 3-5 years old.