Panama seek investment from European Hotel owners

European developers will visit Panama between January and February 2009 to get to know the country and to seek areas for investment.

Friday, December 19, 2008

The Panama Tourism Authority (ATP) recently held meetings with various European Hotel groups within the framework of the French Mipim Horizons fair, which is dedicated to the real estate market in regions with fast growth, the ATP reported in a press release.

More on this topic

$246 million for hotel in Panama

November 2008

Nortia Real State, Manuel Lao's real estate company and who is president of the Cirsa Group, will invest in a big hotel in Panama City.

Manuel Lao spoke about the project last night at a dinner which included several important figures on economics and finance from Barcelona. He also mentioned that the project will also have the support of the second vice president of Panama, Ruben Arosemena.

Panama: $569 Million Investment in Hotels

May 2009

With an investment of $569 million, several hotel projects are expected to be ready, 65% of them in the capital, by the end of 2009.

It is estimated that a total of 15 new hotels, which will provide 9 thousand rooms and create 47,500 direct and 130 thousand indirect jobs will be built over the next three years.

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.

Two New Hotels in San Pedro Sula

September 2013

Construction has started of a 100-room Marriott Courtyard and work will soon begin on a Hyatt Place which will have 120 rooms.

The information was released by Epaminondas Marinakys, president of the Chamber of Tourism of Honduras (CANATURH), who explained that Marriott is building its project in the area of ​​Rio de Piedras in San Pedro Sula.

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