New luxury hotel project announced in Panama

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

Thursday, July 10, 2008

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.
"The hotel in Panama will be located on Balboa Avenue and will be part of a broader complex," says an Orient-Express press release.
The statement did not provide details of the investment or the time frame for the project.

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