Grace Hotels to Invest $18 Million in Panama

The 60-room boutique hotel will be administered by F&F Properties.

Monday, January 3, 2011

Opening is scheduled for April 2012.

"Grace Hotels is part of Libra Group, a global conglomerate owned by the Logothetis family, which made its wealth trough sea trade ventures. In addition to Grace Hotels, F&F Properties is building the Hilton Panama hotel and the Waldorf Astoria Panamera", reported Prensa.com.

More on this topic

More Hotels in Guatemala City

July 2015

New buildings, the arrival of new brands, remodeling and expansion of facilities, are part of the changes in the hotel sector in the Guatemalan capital.

Most of the brand names that announced plans to expand their facilities or open new stores are focused on hotels for business travelers and convention tourism.

First Courtyard by Marriott Hotel in Guatemala

November 2014

The hotel chain has announced that it will open in 2016, a 147-room Courtyard hotel in zone 10 in Guatemala City.

From a statement issued by Marriott:

Marriott International has announced plans to open the first Courtyard by Marriott hotel in Guatemala City. The hotel project was signed with the Azur Group, a family business that invests in real estate, hospitality and restaurants.

Hilton Opens Fourth Hotel in Panama

September 2014

The hotel chain also announced the opening of its fifth property in the country by the end of the year.

From a press release by Hiilton Worldwide:

Panama, Panama City - Hilton Worldwide has announced the opening of Hilton Panama, a new 347 room hotel with a prime location in the heart of the city, the Hilton Panama offers panoramic views of the Pacific Ocean.

New Hotel Investments in Nicaragua

February 2013

With an investment of $48 million, three new hotels will be built in Nicaragua, adding 500 rooms.

Along with construction of the Whyndam Milagro del Mar, launched on Thursday, February 21, the 145-room Hyatt Place and a new 105 room Holiday Inn will also be built.

These investments are in addition to the Guacalito Island project, which was recently opened.

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