$40 million for luxury hotel in Panama

The Nations Hotel, designed by Musa Asvat, will be 26 floors high and will be located between Street 51 and Street 50.

Monday, September 8, 2008

It will be marketed as a condo-hotel with prices starting at 139,000 dollars. Construction is slated to start in November or December and the Hotel should open its doors in 2001.
Loraine Ospina, Manager of International Sales Group in Panama, the real estate agent of the project, indicated that the company plans to develop other hotel projects in the country.

More on this topic

Two New Hotels in San Pedro Sula

September 2013

Construction has started of a 100-room Marriott Courtyard and work will soon begin on a Hyatt Place which will have 120 rooms.

The information was released by Epaminondas Marinakys, president of the Chamber of Tourism of Honduras (CANATURH), who explained that Marriott is building its project in the area of ​​Rio de Piedras in San Pedro Sula.

Nikki Beach Withdraws from Panama Hotel Project

February 2011

Nikki Beach severed its ties with a condo-hotel project in Playa Blanca, in the Panamanian Pacific.

The company has initiated legal action against the local promoter, RG Panama Real Estate, said Peter Higney, director of operations, Nikki Beach Hotels & Resorts, Miami Beach.

Nikki Beach Hotel Project in Panama

June 2009

With an investment of $60 million, the opening of the 6-star, luxury hotel with 300 rooms is planned for 2012.

The condo-hotel project developed by RG Inmobiliaria will feature a casino, a heliport, and a luxury spa, among others. It is already in the pre-sale stage.

According to Prensa.com, Maruquel Gálvez, Representative of RG Realty, said: "We did an architectural and engineering redesign, because when the project was launched in November 2008, we had plans for 156 rooms and it was changed at that time to 300 rooms. The redesign took over six months."

Hilton Garden Inn Hotel in Costa Rica

September 2008

A multi-million dollar contract was announce by the Hilton chain to establish their first Garden Inn Hotel in Central American, in Guanacaste, Costa Rica.

The establishment, which will be the Hilton family's fifth in Costa Rica, will have 169 rooms, 10 of which will be luxury suites.

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