From 2012, the hotel will change its name to Finisterre Suites Marriott Executive Apartments, and will be operated entirely by the international chain.
This type of extended stay hotel specializes in catering to business people and executives who stay for long periods of time, with equipped apartments and restaurants open 24 hours a day.
The arrival of multinational companies in Panama, coupled with the strong economic growth being experienced by the country are some of the reasons that led Marriott executives to show interest in this place.
The Panamanian-owned chain Finisterre Hotel Group, made a careful selection before opting for Marriott as the hotel operator and representative.
In a press release on marketwatch.com, Alejandro Blanco Martínez, president of Finisterre, said: "We are pleased to have selected the Marriott as the Executive Apartments hotel operator, we are impressed with their experience in operating Marriott hotels for extended stays at the international level. "...
Source: PR Newswire
More on this topic
April 2012
The hotel chain is to build a new premises and two existing ones are to be renamed to join the chain, meaning that there will be seven hotels in the canal country.
The economic boom around the Canal expansion and the expected arrival of more leisure and business tourists with high purchasing power, has attracted the attention of the multinational chain Marriott, which will soon have 7 hotels in Panama.
May 2010
Hotel Finisterre Suites & Spa opened its doors in Panama City; it required an $18 million investment.
Located in España Avenue, the hotel currently features 70 rooms, and it plans to inaugurate an additional 56 in July.
“Fidel Reyes Esquer, general director of The FR Hotel, the company that operates the hotel, remarked that they’ve taken care of all the details to ‘offer a first class product with warm and professional service“, reported Laestrella.com.pa.
June 2010
Before the end of the month Marriot will inaugurate a new tower and Finisterrre Hotel will enable 100% of its facilities.
With the new tower, Marriot will add 91 rooms to the hotel’s existing 298. Annete Cárdenas, Maarketing director, remarked that all the rooms have been completely remodeled.
July 2008
The international hotel chain Marriott is expanding into Panama, and will spend 40 million dollars on a 300-room hotel in Panama City.
Edward Fuller, president and executive director of the region for Mariott International, said the project will be part of their luxury brand Renaissance.
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