New Ritz-Carlton Hotel Reserve in Panama

The Ritz-Carlton has announced that in 2016 it will open a new hotel in Pearl Island, south of Panama City.

Thursday, October 10, 2013

The new facility will have 80 rooms, a spa, private beach club, three swimming pools and three restaurants. In addition, visitors will have access to a 1,800 square pavilion and function room with sea view.

"In an environment of abundant forests and beautiful private beaches, Pearl Island is the perfect place to experience a Reserve," said Herve Humler, president of The Ritz-Carlton.

The island measuring 3,500 hectares can be accessed by boat, helicopter or plane via a private airstrip.



More on this topic

GHL Hotels Inaugurates Sheraton in Costa Rica

June 2013

The Sheraton Hotel in Escazu which will be inaugurated on June 13, is valued at $40 million and has 172 rooms, 3 bars, 2 restaurants and a 1,500 square meter casino. 

The hotel, since two weeks ago, now operates 24 hours a day and is located adjacent to Multiplaza. "Although it was initially announced that it would operate under the brand Sonesta, the hosting center decided to market its offering with the distinctive Sheraton brand, owned by the Starwood Hotels Company", reported Elfinancierocr.com.

Too Many Hotels in Panama?

April 2011

If growth in the number of tourists doesn’t reach 25% per year, hotel occupancy will fall from the 74% seen in the first quarter of 2001, to just 50% over the coming years.

Panama is growing and so are the number of hotels, which in 2012 will be offering over 27 thousand rooms.

IHG Signs Agreement for the First Staybridge Suites in Central America

March 2011

InterContinental Hotels Group announced that it has signed an agreement with Shakir Investment Group for a new-build Staybridge Suites hotel, scheduled to open in late 2012 in Panama City, Panama.

It will be the first Staybridge Suites property in Central America, and the second in Latin America, complementing a 31-story, 215-guestroom Staybridge Suites in Saõ Paulo, Brazil.

Nikki Beach Hotel Project in Panama

June 2009

With an investment of $60 million, the opening of the 6-star, luxury hotel with 300 rooms is planned for 2012.

The condo-hotel project developed by RG Inmobiliaria will feature a casino, a heliport, and a luxury spa, among others. It is already in the pre-sale stage.

According to Prensa.com, Maruquel Gálvez, Representative of RG Realty, said: "We did an architectural and engineering redesign, because when the project was launched in November 2008, we had plans for 156 rooms and it was changed at that time to 300 rooms. The redesign took over six months."

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