Bristol Hotels to Invest $30 Million in Panama

Under the concept of a "premium condo-hotel", the group plans to build the boutique hotel "The Residences" in Panama City.

Friday, July 30, 2010


The hotel project will open its doors in November 2011 and feature 62 rooms and 40 apartments.

Bristol Hotels President, Fernando Duque, told Panamá América that, "the positive publicity that Panama has had in recent years has created interest abroad that we can make good use of.

The new development will generate 100 new jobs.

More on this topic

Costa Rica: Luxury Resort in Guanacaste

May 2013

The Swiss equity firm SunVesta Holding AG has announced the start of construction of the Paradisus Papagayo Bay Resort, with an investment of $170 million.

The opening of the new hotel, which will have 381 rooms and will be developed in 21 acres, is scheduled for late 2014 and will be operated by the Spanish chain Melia.

El Salvador: $36 million for New Hotel

September 2014

Latam Hotel Corporation will build and operate, beggining in 2016, a Hyatt Place hotel with 140 rooms in the Cascadas shopping center in San Salvador.

From a statement issued by the Agency for Investment Promotion and Export El Salvador (Proesa):

With an investment of more than USD 36 million, the Government of El Salvador in conjunction with Latam Hotel Corporation has laid the first stone where the Hyatt Place San Salvador hotel will be built.

Growing Investment in the Panamanian Pacific

November 2011

In recent years, more than $300 million has been invested in the hotel sector along the coastline of Punta Chame and Rio Hato.

Employers in the hospitality industry are betting on the growth of the area, in which several hotels are already operational and several others are expected to open in the coming months.

Nicaragua: Less Investment in Hotels

May 2010

In the first four months of the year just three hotel projects were approved, for $1.67 million.

Intur, the Nicaraguan Tourism Institute, reported that these projects will be developed in the cities of Managua, Rivas and Granada. They add 42 hotel rooms to the country.

A total 9 projects were approved under the Law 306, which introduced incentives to investments in tourism.

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Central Park Hotel Casino and Spa

Organization that operates in Panama.
Phone: (507) 306-1000

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