Panama: Atlapa Convention Center Auction at a Standstill

The auction that was scheduled for late 2008 has been stalled since then and will continue when the Ministry of Housing changes the way the land can be used and allows the construction of hotels and residential projects.

Tuesday, March 10, 2009


©image: ATLAPA

Marco Tulio Hernandez, coordinator of the Division for the Promotion and Sale of State Property, informed Prensa.com: "The intention of this office is to endow the land with usage that would allow the construction of hotels and residential projects, 'with the indispensable condition of keeping the convention center,’ something that has been demanded by the tourism and business industries in Panama. Hernández was not confident that the auction would be concluded before the end of the term of the current government, but he said that they are working 'as if there were going to be no change. If we do not do it on time, we would hand over any progress made to the next administration."

More on this topic

'Panama needs a competitive convention center'

September 2008

The tourism and convention sectors agree that Panama 'needs' a competitive convention center.

The auctioning of the Atlapa convention center, which according to the Ministry of the Economy and Finance (MEF), will be completed sometime at the end of 2008 or the beginning of 2009 and will create range of opportunities for the San Francisco convention center.

Atlapa Valued at $130 million

May 2012

The Ministry of Finance has valued the Panamanian Atlapa Convention Center at an amount that will be difficult for futures buyers to pay.

The appraisal of the Atlapa Convention Center, commissioned by the Ministry of Economy and Finance in Panama, gave the complex a value of over $130 million, said the manager of the Tourism Authority of Panama (ATP), Solomon Shamah.

Convention Tourism Growing in Panama

November 2011

The sixty events held this year generated revenues of $300 million for the country.

Occupancy rates in hotels, shops and spending power are some of the benefits these kinds of conventions have generated for the Panamanian tourism industry.

So said Minister of the Panamanian Tourism Authority, Solomon Shamah, who released results regarding this segment of the tourism sector which has grown so much in the last few months.

For Sale - Atlapa Convention Center

November 2011

In order to finance the construction of a new convention center, the Panamanian government has decided to sell Atlapa.

The first step will be to negotiate a sale with tourist groups so that the center can be retained, then if this venture is not successful a best value tender will be created.

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