The hotel chain plans to establish its 50-story building, Evolution Tower, in the center of the financial district in Panama City's Zona Rosa.
A statement from W Hotels Worldwide reads:
W Hotels Worldwide Announces its First Hotel in Central America with the Opening of W Panama.
W Hotels Worldwide has announced the signing of an agreement with Evolution Tower Corp, an association between F & F Properties and EFC Group Inc., to mark the debut of W Hotels in Central America. Scheduled to open in early 2016, W Panama will be a 50-story tower, called Evolution, a mixed-use building that will include established premium office space in the heart of the city's financial district. W Panama will be built on Calle 50, just steps from the Calle Uruguay, known as the Zona Rosa of Panama and which is full of elegant restaurants and nightclubs.