Increased Hotel Supply in Panama

An urban resort style five-star hotel called The Santa Maria has opened in Panama City, following an investment of around $50 million.

Wednesday, March 7, 2018

ir="ltr">Representatives from the urban resort The Santa Maria stated that the hotel offers 182 luxury rooms, which have an area that ranges between 40 m2 and 300 m2The infrastructure, which required a global investment of $50 million, has two restaurants and next April they plan to open a third.  

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Airbnb, taxes and tourism"

In relation to the segment of the market which the new hotel complex is targeting, Fidel Reyes, general manager of the Santa María hotel, told that " ... it is aimed at corporate clients, recipients of incentives and convention goers or for families who want to spend their vacations there or who wants to 'disconnect'. "

Reyes added that " ...The concept behind The Santa Maria is to attract visitors from markets such as Colombia, Costa Rica, Mexico and the United States, as well as other destinations in Europe."

More on this topic

The Luxury Hotel Market

June 2017

In Costa Rica, the hotel union includes 32 registered establishments considered luxury hotels, offering accommodation options with prices ranging from $160 to $30 thousand per night.

The wide diversity of tourists that the country receives explains the existence of a wide range of hotels, according to representatives from the Costa Rican Chamber of Hotels (CCH). The hotel supply caters for both tourists looking to stay in one star hotels, to other more demanding customers, seeking higher-level alternatives.  

Another Hotel in Costa Rica for Salvadoran Group

September 2015

Agrisal Group invested $10 million in the purchase and remodeling of Indigo Hotel in Santa Ana, which from now on will operate under the brand Holiday Inn Express.

The 100-room hotel is located in Santa Ana and is focused mainly on the segment of business travelers.

Prunera Luis Alvarez, a member of the board of Grupo Agrisal told that "...

Costa Rica: 115 More Hotel Rooms in San Jose

May 2015

The Hilton Garden Inn hotel has started operations in the west of the capital, where they already operate other hotels focused mainly on business travelers.

The new hotel is located in an area where other hotels under the brands Crowne Radisson, and Barcelo are already operating. The new 115-room hotel is owned by Developer Parque La Sabana DPS SA and managed by Elite Hotels & Resorts Costa Rica.

Another Hotel Opens in Panama

January 2015

The Hilton hotel chain has opened a 108 room hotel of the Hampton brand in downtown Panama City.

From a press release issued by Hilton Worldwide:

Hampton, of the Hilton hotel chain, continues its international expansion by announcing the opening of its first hotel in Panama.

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