Panama: $569 Million Investment in Hotels

With an investment of $569 million, several hotel projects are expected to be ready, 65% of them in the capital, by the end of 2009.

Tuesday, May 12, 2009

It is estimated that a total of 15 new hotels, which will provide 9 thousand rooms and create 47,500 direct and 130 thousand indirect jobs will be built over the next three years.

The Pa-digital.com.pa website reported: "Several projects are already under construction, and they have a high rate of progress. They are expected to be ready by the end of this year, with an investment of $569,269,206, according to the Tourism Authority of Panama (ATP)."

More on this topic

Panama: More than 20 New Hotels in 2012

January 2012

With an investment of $1,500 million more than twenty hotels will open their doors this year in Panama.

This will mean the incorporation of six thousand new rooms to the hotel industry market, said Sarah Brown, president of the Panamanian Association of Hotels (APATEL).

Panama: $1,000 million in Hotel Investments

July 2011

Marriott, Sheraton, and Hilton are some of the brands that will expand in the country.

The strong economic growth experienced by Panama is also being reflected in the tourism industry, whose investments are increasing every year.

Between this year and 2013 the major hotel chains, in some cases in conjunction with Panamanian capital and in other cases independently, are expected to build new hotels on the beaches and in the city.

Bern Invests $40 Million in New Hotel in Panama

September 2010

The 200 room hotel will be developed in partnership with Westin Panama and Starwood Hotels & Resorts.

The construction of the new accommodation has already begun in the "Costa del Este" area of the Panamanian capital and is expected to finish by the end of 2012.

"Osvaldo Librizzi, Starwood president for Latin America, said that Westin Panama combined with Westin Playa Bonita will enable larger groups to be brought to Panama," reports Pa-digital.com.pa.

Riu Inaugurates Hotel in Panamanian Capital

August 2010

With a $120 million investment the hotel chain will open its first hotel in the city on 13 September.

The hotel, Riu Panama Plaza, is the first urban RIU Plaza brand hotel, with services aimed at both the business and leisure traveler.

It stands at the heart of the financial centre of Panama City, very close to many banks, boutiques and shopping malls.

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Bern Hotels & Resorts

Hospitality and tourism division of Empresas Bern, a Panamanian company with 30 years of experience in real estate development, construction and sales.
Operates in Panama
Phone: (507-) 206-8843 - (507) 6647-6100

Company Profile

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