Spanish hotel to invest in Panama

Sources from Motta Realty confirmed that the Spanish chain, NH Hoteles, acquired a piece of property in the banking sector of the city.

Monday, August 11, 2008

According to the Spanish business daily, Cinco Dias, NH announced that it will expand its presence in the foreign market more than at home. NH Hoteles has 344 hotels with 50,707 rooms in 21 countries in Europe, Africa and the Americas. In Latin America, the chain is already in countries such as Argentina, Brazil, Chile, Cuba, Mexico, Uruguay and is slated to begin activities this year in the Dominican Republic.

More on this topic

El Salvador: Barceló Enters the Salvadoran Market

June 2016

The hotel chain has announced the purchase of a five-star 205 room hotel in San Salvador, and is preparing for July 26 to open under the name Barceló San Salvador

The hotel chain which acquired the hotel is located in the capital in the commercial and business sector of San Benito. The hotel has two restaurants, a bar, outdoor pool, gym, health and beauty center, parking and 12 meeting rooms which can accommodate from 10 to 800 people.

Costa Rica: Luxury Resort in Guanacaste

May 2013

The Swiss equity firm SunVesta Holding AG has announced the start of construction of the Paradisus Papagayo Bay Resort, with an investment of $170 million.

The opening of the new hotel, which will have 381 rooms and will be developed in 21 acres, is scheduled for late 2014 and will be operated by the Spanish chain Melia.

Marriott to Operate Executive Apartments Hotel in Panama

November 2011

The chain has been selected by the Finisterre Hotel Group to run the first hotel under this brand name in Central America.

From 2012, the hotel will change its name to Finisterre Suites Marriott Executive Apartments, and will be operated entirely by the international chain.

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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