"Grace Hotels is part of Libra Group, a global conglomerate owned by the Logothetis family, which made its wealth trough sea trade ventures. In addition to Grace Hotels, F&F Properties is building the Hilton Panamahotel and the Waldorf Astoria Panamera", reported Prensa.com.
The hotel chain also announced the opening of its fifth property in the country by the end of the year.
From a press release by Hiilton Worldwide:
Panama, Panama City - Hilton Worldwide has announced the opening of Hilton Panama, a new 347 room hotel with a prime location in the heart of the city, the Hilton Panama offers panoramic views of the Pacific Ocean.
The hotel chain has announced that it will open in 2016, a 147-room Courtyard hotel in zone 10 in Guatemala City.
From a statement issued by Marriott:
Marriott International has announced plans to open the first Courtyard by Marriott hotel in Guatemala City. The hotel project was signed with the Azur Group, a family business that invests in real estate, hospitality and restaurants.
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