Atlapa Would Have Private Operator

Administered by Panama's Tourism Authority, ATLAPA Conventions Center losses $1 million each year.

Thursday, September 17, 2009


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Salomón Shamah, manager of the Panamanian Tourism Authority, said in an article in Laestrella.com.pa that "ATLAPA is occupied 360 days each year, however it generates yearly losses of $1 million", and recommended that "administration of ATLAPA Conventions Center should be given in concession to a private operator".

ATLAPA has 19 meeting halls, with capacity for 20 to 600 persons. As additional services, it provides press rooms, offices for Event Organizers and an "offset" Reproduction Center capable of page make-up, binding and photocopying.

More on this topic

For Sale - Atlapa Convention Center

November 2011

In order to finance the construction of a new convention center, the Panamanian government has decided to sell Atlapa.

The first step will be to negotiate a sale with tourist groups so that the center can be retained, then if this venture is not successful a best value tender will be created.

Atlapa Valued at $130 million

May 2012

The Ministry of Finance has valued the Panamanian Atlapa Convention Center at an amount that will be difficult for futures buyers to pay.

The appraisal of the Atlapa Convention Center, commissioned by the Ministry of Economy and Finance in Panama, gave the complex a value of over $130 million, said the manager of the Tourism Authority of Panama (ATP), Solomon Shamah.

Atlapa Sale Price Revision

June 2012

The $150 million valuation of the Convention Center in Panama has been excessive by the authorities, who have requested a downward revision in order to speed up its sale.

The Minister of Tourism in Panama, Solomon Shamah has described the price resulting from an appraisal conducted by the Ministry of Economy and Finance as "excessive".

Panama: New Attempt at Atlapa Sale

March 2014

Local businessmen are negotiating with the Tourism Authority the sale of the building, which the legislation states must be sold at $62 million, after the three previous auctions failed.

After the third and final attempt by the Tourism Authority to auction the Convention Center, which was unsuccessful, it must now be sold at half its value, $62 million.

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