Panama After New Hotel Investments

Meetings were held with representatives of the Hilton, Hyatt, Fairmont and Four Seasons hotel chains as potential investors.

Wednesday, March 4, 2009

The Panamanian Tourism Authority (ATP) will participate in the International Hotel Investment Forum in Berlin, an event that specializes in tourism investment.
Carl-Fredrik Nordström, deputy general of the ATP, informed "It's not easy to attract these hotels, especially during these times of crisis currently being experienced by the financial world. Thus we are developing an aggressive policy of seeking investors."

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).

Marriott to Operate Executive Apartments Hotel in Panama

November 2011

The chain has been selected by the Finisterre Hotel Group to run the first hotel under this brand name in Central America.

From 2012, the hotel will change its name to Finisterre Suites Marriott Executive Apartments, and will be operated entirely by the international chain.

Panama hotel supply still not enough

January 2009

Despite an increase of 3.4% in 2008, hotels were unable to meet the demand for tourist accommodations.

According to, "For the sub-administrator of the Panama Tourism Authority, Carl Fredrik Nordstrom, supply increased, but "it is never enough," bearing in mind the increase in tourists that are visiting the country.

Panama: $1.76 billion in new hotel projects

September 2008

The Panama Tourism Institute (Ipat) received 56 new hotel projects between August 27 and 30.

According to a report from Ipat to which La Prensa had access, these hotels will generate 8,207 jobs and create 5,938 rooms. If these new projects are added to those that are already in process or those that have not yet been registered at the National Registry, the Panama Tourism Authority has a portfolio of 104 projects which is equal to an investment of $3.63 billion that will generate 16,039 jobs and 22,227 rooms.

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