Buddha Bar Hotel Cancels Project in Panama

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

Friday, April 16, 2010

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.

Prensa.com tried to find out more as to why the initiative was cancelled, but the spokespersons of the project in Panama refused to comment. Similarly, Crystal Suites representatives stated they could not refer to the project.

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