| The Key is to Buy at Pre-Sale Pricing | | | | Recently there has been a huge demand for Hotel |
| Panama real estate is red hot! We have read this | | | | rooms in Panama due to the booming economy, |
| from sources like ABC Nightline, The New York Times, | | | | increased Tourism, and plenty of Business travelers |
| The Washington Post, International Living, and the Wall | | | | entering the country. The Panamanian Tourism Institute |
| Street Journal, to name just a few briefly. And if it is | | | | IPAT recently released a statement saying that based |
| true that in Dubai you will find most of the Worlds | | | | on the current growth trends of tourism there is a |
| construction cranes then Panama must be the second | | | | demand for an additional 20,000 hotel rooms over the |
| skyline filled with cranes. There's construction | | | | coming years. With the current hotel occupancy rates |
| everywhere. However if you try to book a hotel room | | | | at a steady 90% and above. And the constant infusion |
| in Panama City chances are you won't find one. | | | | of foreign capital pouring into Panama, the construction |
| Recently the minister of tourism Ruben Blades | | | | boom, and mega investment projects like $5 + billion |
| published a report stating that there are only 17,000 | | | | dollar expansion of the Panama Canal which is |
| hotel rooms in Panama, not quite enough for the | | | | underway, The construction of the Panama |
| double digits growth in tourism to the country. He | | | | International Merchandise Mart, the largest commercial |
| stated that there is a deficit in hotel rooms of more | | | | structure in Latin America with 2 million square meters |
| than 20,000 rooms. And although we have a list of | | | | of construction 21,572,7820 square feet . Total |
| New Hotels that are in development in Panama, the | | | | investment is US$1 billion USD over a 3-year period, |
| demand is still higher than the supply. And we all know | | | | the development of the Panama-Pacific Special |
| what that represents. | | | | Economic Area [formerly Howard a U.S. Air Force |
| Even if we take into account All the New Hotels & | | | | base], a multi billion dollar real estate development |
| rooms currently in development in Panama: | | | | underway by London Regional, and many more. |
| 34 Rooms The Holiday Inn City at Knowledge Opening | | | | Recently the company Caterpillar, which recently |
| March 27, 2008 | | | | announced it was moving its regional headquarters to |
| 102 Rooms The Radisson Colon 2000 Hotel and | | | | Panama, made a statement saying they alone would |
| Casino Opening April 15th, 2008 | | | | have a demand of approximately 12,000 room-nights |
| 134 Rooms The Bristol Buenaventura Opening | | | | per year! |
| December, 2008 | | | | has reviewed the Condo-hotel offerings in Panama, |
| 103 Rooms The Radisson Summit Golf And Resort | | | | and has selected two Condo-hotels to Promote: The |
| Opening April 2009 | | | | Plaza Costa del Este, and The Orchid. |
| 80 Rooms The Panama Marriott ext. 376 total | | | | GUARANTEED Returns of 15% + |
| Opening late 2009 | | | | The Plaza, Costa del Este: This outstanding project |
| 125 Rooms The LeMeridian Hotel Opening June 2009 | | | | combines 150 unique and contemporary executive |
| 128 New Rooms Courtyard by Marriott ext. 248 total | | | | hotel rooms and 44 private residences is located in the |
| Opening fall 2009 | | | | Costa del Este part of Panama City - an up and |
| 800 Rooms Megapolis Condo-Apart-Hotel Opening | | | | coming area with Residential and Commercial areas |
| late 2009 FIRST PHASE | | | | including a major Office park complex. |
| 300 Rooms Renaissance Panama Opening late 2010 | | | | The Developers and Operators of The Plaza, have |
| Condo Hotels represent a great Investment option, | | | | put together an incredible "Investor Incentive Program" |
| since demand for hotel rooms in Panama is higher and | | | | unparalleled in the country. 15% Return on Investment |
| growing, and the inventory at hand cannot keep up | | | | GUARANTEED for 5 years! The pre-sale prices on |
| with the demand for rooms. Condo Hotels have | | | | these hotel Units start at just $193,000. In 5 years you |
| become the NEW BOOM in Investment Opportunities. | | | | would have recovered 50% of your total investment, |
| For those of us that like cash generating Investments, | | | | plus owners get 70% of the rental income, and are |
| and returns of at least 15% annually and higher; | | | | allowed to use their units for one week a year. Even |
| investing in a condo hotel in Panama , Now is an | | | | though this project will just break ground this year, you |
| excellent opportunity! | | | | will start to receive your returns well before the hotel is |
| Condo-Hotel's Explained. | | | | open for business! Additionally, real estate prices in |
| Condo-hotel's are just like traditional hotels, however, | | | | Panama still have a strong appreciation, so if you |
| each hotel room unit may belong to an individual owner, | | | | decide to sell out in 5 years, you're guaranteed an |
| whereas in traditional hotels, there usually just one | | | | excellent overall ROI. |
| owner of the entire building. | | | | Rubbing elbow with the stars: International Superstar |
| Condo-hotel owners generally sign a contract with a | | | | and Grammy-award winning artist, Enrique Iglesias, and |
| management company to "operate and manage" the | | | | Latin Salsa sensation Gilberto Santa Rosa are |
| hotel facilities and each of the individual hotel rooms. | | | | confirmed owners of units in The Plaza. Enrique |
| This is done on a profit share basis, with anywhere | | | | Iglesias bought the Penthouse and Gilberto Santa |
| from 50% to 75% of the rental income going to the | | | | Rosa bought a residential unit in the development. |
| individual unit owners. Additionally, some Condo-hotel | | | | The Orchid. |
| management companies also pool the remaining | | | | This is the most recent project of Procasa Group |
| annual net operating profits with an additional | | | | launched , they launched their flagship Hotel-condo |
| percentage being distributed at the end of the | | | | project "The Orchid" to a room full of Press and |
| operating year to the owners. This percentage varies | | | | Industry Executives. The Orchid, a 200 room, Five-Star |
| but can be as much as 15%. Additionally, condo-hotel | | | | Condo-Hotel, will be located in the Financial district in |
| owners get to use their hotel room units for limited | | | | Panama City, and will cater primarily to Business |
| number of days per year. Generally between 1 and 2 | | | | Travelers, boasting one of the best equipped Business |
| weeks. So if you plan to vacation in the destination | | | | Centers in the City. |
| where you own a Condo-hotel unit, this would be an | | | | The property will feature a full service Spa, Pool, |
| added benefit. | | | | Restaurants, Room Service, Gymnasium, Concierge |
| Additional Benefits. | | | | service, housekeeping, etc. |
| With traditional real estate investments, you are | | | | Based on projections released by the company, |
| generally looking to cover your maintenance and | | | | owners can conservatively expect an average of 17% |
| monthly mortgage costs if financed and hoping to | | | | ROI , this is based on a very conservative 66% |
| generate a positive monthly cash flow and hope to | | | | occupancy rate. The owners share of the rental |
| make a profit from the increase in value of the | | | | income is set at 63%, with the balance to the |
| property over the time you own it. As any landlord will | | | | Management Company. Pre Sale Prices Now start at |
| tell you managing a rental property can be a huge | | | | $207,000, for a limited time. |
| headache - maintenance, dealing with Tenants, | | | | For Reserve your units at Pre-Sale price contact |
| collecting rent etc., and these headaches are multiplied | | | | Douglas M. Choy, Licensed Real Estate broker at he |
| if the property you own is in a country different from | | | | will be happy to provide you with All information |
| where you reside. | | | | including cash flow plans for the condo hotel units, |
| With Condo-hotels, all of these headaches are taken | | | | availability, current pricing, and negotiate on your behalf |
| away from you. The professional management | | | | the down payment, payment terms, and conditions. |
| company that is managing the hotel, takes care of all | | | | Sign up to our FREE Panama Real Estate & |
| of these day-to-day issues, and you don't ever have | | | | Investments Blog to get more data and reports on |
| to even think about it. | | | | Condo Hotels & other Investment options in Panama. |
| The Opportunity in Panama, is Now! | | | | |