Panama: $25 Million Sheraton Expansion

The construction of a second tower with 320 rooms was announced by the Panamanian administrating company, Nuevos Hoteles de Panamá.

Thursday, July 22, 2010

Work on the new tower, designed by Ignacio Mallol, is expected to be completed by mid 2012.

Prensa.com gathers comments from Regina Araúz, vice president of the Panamanian administrator, who says that, “the expansion will increase the number of rooms in Sheraton Panama Hotel & Convention Center to 700. Parking facilities will be built to provide space for 720 vehicles”.

More on this topic

Costa Rica Plans $100 million Resort

January 2016

The Real Estate Development Fund Monte del Barco has signed a contract with Rosewood Hotels & Resorts chain, to develop a 130 room luxury hotel in the Gulf of Papagayo in Guanacaste.

A statement issued by Aldesa, manager of the Real Estate Development Fund Monte del Barco, states that "...

New Marriott Resort in Panama

July 2011

Situated on the Pacific, 55 kilometers from Panama City, will be the new Panama Marriott Resort Casamar, a 5 star hotel with 180 rooms in several interconnected buildings.

A press release from Marriot International reads:

Marriott Hotels & Resorts have announced plans to develop a 180-room hotel in the resort community Casamar on the Pacific coast of Panama.

Nikki Beach Withdraws from Panama Hotel Project

February 2011

Nikki Beach severed its ties with a condo-hotel project in Playa Blanca, in the Panamanian Pacific.

The company has initiated legal action against the local promoter, RG Panama Real Estate, said Peter Higney, director of operations, Nikki Beach Hotels & Resorts, Miami Beach.

Nikki Beach Hotel Project in Panama

June 2009

With an investment of $60 million, the opening of the 6-star, luxury hotel with 300 rooms is planned for 2012.

The condo-hotel project developed by RG Inmobiliaria will feature a casino, a heliport, and a luxury spa, among others. It is already in the pre-sale stage.

According to Prensa.com, Maruquel Gálvez, Representative of RG Realty, said: "We did an architectural and engineering redesign, because when the project was launched in November 2008, we had plans for 156 rooms and it was changed at that time to 300 rooms. The redesign took over six months."

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