HOTEL & CASINO FOR SALE IN PANAMA CITY, PANAMA

Price
$60,000,000
Price/M²
$1,293
Bathrooms
10
Parking
80

HOTEL & CASINO FOR SALE IN PANAMA CITY, PANAMA

Category

Sale

Published

23/05/2023

Location

Campo Alegre

Price

$60,000,000

Price/M² de construcción

$1,293

46400

Property

OPPORTUNITIES: THE INVESTOR
This property presents an ideal
opportunity for the investor seeking a
one-of-a-kind asset in a vibrant
economy.
The goal of the developer is to create
a world-class, luxury facility in the
heart of this bustling city, catering to
top-tier business travelers and tourists.
With its large rooms, central location,
and full spectrum of amenities and
entertainment, provides visitors with an ultimate
hospitality experience.

OPPORTUNITIES: THE MARKET
The Republic of Panama has experienced
enormous growth over the past 5+ years,
and continued growth is expected.
Panama continues to be one of the most
popular retirement and tourism
destinations for Americans, and business is
booming as the expansion of the Panama
Canal progresses and more multinational
corporations establish new headquarters.
Thousands of professionals have begun
and will continue to visit Panama City
annually in conjunction with these business
and tourism activities, creating a strong
demand for hotels and actively driving the
hospitality industry.

HOTEL & CASINO DETAILS:
304 well-appointed guest rooms and suites with 27 floors offering breathtaking views of Panama City. All guest
rooms feature complimentary wired & wifi high-speed internet access.
Mini-bar
47” LCD Cable Television
Individual climate control
Oversized desk
Iron and ironing board
Clock radio with iPod and iPhone charger
In-room safe
Direct dial phone
3 luxurious suites, 2 family suites, and 1 presidential suite with private lounge and special amenities
304 well-appointed guest rooms and suites with 27 floors offering breathtaking views of Panama City. All guest
rooms feature complimentary wired & wifi high-speed internet access.
Mini-bar
47” LCD Cable Television
Individual climate control
Oversized desk
Iron and ironing board
Clock radio with iPod and iPhone charger
In-room safe
Direct dial phone
3 luxurious suites, 2 family suites, and 1 presidential suite with private lounge and special amenities
BATHROOM AMENITIES All bathrooms feature amenities from luxury beauty brand l’Occitane, bathrobe, and hair dryer.
SERVICES AND
FACILITIES
Full-service business center 24-hour room service
Guest Recognition Program Laundry
Valet parking
DINING AND
ENTERTAINMENT
Daily 26 offers a bountiful buffet breakfast every morning. At mid-day, visitors enjoy a business buffet lunch
while taking in a breathtaking view of Panama’s skyline. An international a la carte menu is served in the evening.

DINING AND
ENTERTAINMENT:
Butterfly 26 is located on the 26th floor of the hotel. Executive Chef Johannes Audebert has over 15 years of
DINING AND international experience in more than 20 countries preparing local classics and refined cuisines.
ENTERTAINMENT:
while
admiring panoramic views from the 26th floor of the hotel.
DINING AND
ENTERTAINMENT
The Lobby and Sushi Bar is the perfect place to begin the evening with a cocktail form the extensive menu
while enjoying fresh sushi in an informal and relaxed ambiance.

OPPORTUNITIES: INCENTIVES
The following tax incentives have been granted to the project by the Panamanian Tourism
Institute:
• Complete exemption for a period of twenty (20) years from import duties, levy,
encumbrances or rights of any denomination or class, which may be imposed on the
introduction of materials, utensils, furniture, equipment, boats and automotive vehicles with a
minimum capacity for eight (8) passengers.
• Exemption from land tax, for a period of twenty (20) years counted as of the date of
registration in the National Tourism Registry. This exemption shall cover all the real property,
belonging to the company.
• Exemption of the company from all tax or encumbrance on its capital.
• Exemption from the payment of docking taxes or any rates for landing in docks, airports or
heliports of their property, built or rehabilitated by the company
• Exemption from the payment of income tax on the interest earned by creditors in
operations designated to investments in public lodging establishments.
• For the purposes of the calculation of the depreciation of real property, a rate of ten
percent (10%) per annum shall be permitted, excluding the value of the land.
OPPORTUNITIES: INCENTIVES
PROJECT DETAIL

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