the city centre 5* hotel and casino, panama
The City Centre 5* Hotel and Casino at Panama City, will be a mixed use hotel & casino with an office and convention centre. The ‘two tower’ development with the office and the hotel block interconnected is in a key location in the banking district of the bustling Panama City.
Panama has been identified as one of the worlds emerging markets, especially in the real estate sector. It has an abundance of tropical beaches, wildlife, colonial architecture and all the modern luxuries you would expect to find in any other tourist destination around the world.
The country has a stable democracy and is benefitting from huge foreign investment. As a result of this investment and Panama's reputation as a tax haven the country is experiencing a serious real estate boom. A large proportion of this market consists of retirees from the U.S., Canada & Europe as foreigners can buy and own property in Panama with the same rights and protections as Panamanian citizens.
This City Centre ‘pre-launch’ opportunity; to own at discounted prices a suite in what will be one of the best hotels in the city. The developer is in the final stages of talks with a 5* US hotel brand and once this deal has been agreed this will inevitably make prices soar! The Panamanian tourist board has also announced a serious lack of 5* hotel rooms available in the city.
Exclusive payment deal to our investors.
We have an exclusive agreement with the developer which has been limited to 3 months duration as by then all agreements with hotel brands will be finalised. Our investors will get a 15% discount on any unit they purchase and will benefit from specialist payment terms illustrated below:
- $5,000 USD reservation (held in London escrow account)
- 20% with sales contract less $5,000 reservation already paid
- 5% at month 6
- 5% at month 9
- 10% at month 12
- 60% upon completion
Contact us and request a brochure
Prices for a standard room start from $232,000 but with the 15% discount are available to our investors at a starting price of $198,000!! Early rental projections show a net rental return of NO LESS than 8% p.a. but it is widely anticipated to be closer to 10% p.a. There are mortgages available and there are no purchasing taxes to be paid in Panama, so why wait!
Key facts
1. Investment opportunity - City centre location (banking sector) – Fantastic capital gains with rental income
2. Planned for a 5* Hotel with 2 towers (not an apart/hotel)
a. 1st tower is office space (50% already reserved)
b. 2nd tower is hotel accommodation
3. Largest convention centre and casino in the city (this is expected to attract business travellers)
4. Pre selling price has a 15% discount ($198,000 USD)
5. Minimum 8% rental (finalised when operator has been chosen)
6. The developer is in the final negotiations
a. Choose of hotel operator.
b. Final architectural designs
On completion of points 1 & 2 above the selling price will increase 15%
property details
| Location: | City Centre, Panama |
|---|---|
| Price: | $198,000 |
property pictures
 |
 |
 |
 |
Interested in this property? Contact us now for further information.
