Buddha-Bar Hotel & Spa Panama

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.

Friday, May 29, 2009

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.

The hotel and its promoters, Revat Capital Group, are scheduled to open the restaurant and the bar on New Year’s Eve 2009.

The Budda-Bar chain is recognized wordwide because of the unique way that it connects the art of eating and entertainment.

More on this topic

Trump Ocean Club will Open in Mid-2011

November 2010

The building located on the Panama Bay is 70 stories high and will be the largest hotel in Latin America.

The hotel, the first in Latin America of the Trump Hotel Collection brand, has 369 rooms of between 48.8 and 145 square meters, a 929 square meter spa and about 1,500 square meters of events areas.

Buddha Bar Hotel Cancels Project in Panama

April 2010

The company had previously announced it would build a luxurious hotel in Crystal Suites, Vía Brazil, but now informed it has canceled the project.

Buddha Bar Rental Management S.A. and Realtor Zebal S.A. reported the National Securities Commisison (CNV) that they had cancelled the contracts for buying lots for the project.

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.

Investment in Panama's Buddha Bar reaches $50 million

June 2008

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

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.

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