Investment in Panama's Buddha Bar reaches $50 million

With an investment of 50 million dollars, the developer Revat Group is building the luxury hotel Buddha Bar in Panama.

Monday, June 16, 2008

The project will be ready in 2010. The bulding will be 20 storeys high with 156 suites, three restaurants and a spa.
"Panama will be the site of the launching of other regional projects," said Victoria Castro, spokesperson for Revat.

More on this topic

$125 million Investment in Resort in Costa Rica

February 2014

A group of Central American business people are building the luxury resort Dreams Las Mareas in Guanacaste, Costa Rica.

Operations are expected to start in November at the luxury resort Dreams Las Mareas in Guanacaste, whose construction started months ago having been set up by a group of businessmen in the region, using an investment of $125 million.

Panama: $50 Million in Two Hyatt Hotels

April 2010

Hotel chain Hyatt will administer two hotels that will be built in the banking district and the Eastern coastline.

Josep Malca, president of Inmobiliare Real Estate Development, owner of the financial district hotel, announced that construction would start on May and could be ready by 2012. Total investment in this project sums $22 million.

Buddha-Bar Hotel & Spa Panama

May 2009

Construction of the luxury hotel is estimated at $40 million and it will begin in June of this year, with an estimated completion in 2010.

The pre-construction of the building, which will feature 90 suites, three restaurants and a spa center, has already begun. However, the official inauguration of the project will take place in June of this year.

New luxury hotel project announced in Panama

July 2008

Orient-Express Hotels and The Related Group have formed an alliance to develop projects in Panama.

The hotel chain Orient Express Hotels Ltd. owns and administers 55 luxury hotels in 25 countries, and The Related Group is an important real estate developer in the United States. They will jointly develop hotels and residential projects in Panama, Colombia and Miami.

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