The new 127 room hotel will serve the corporate business segment, said Carlos Herrera, a company representative.
It is estimated that during 2011 there will be approximately five thousand new rooms available in the capital city.
Along with the Hotel Victoria, also being inaugurated in 2011 are the Megapolis, with two thousand rooms and Westin Playa Bonita.
"Fidel Reyes, director of FR Consulting, said that the opening of hotels like the Victoria, which is a 4 star facility, will force hotels to charge according to their service level," reported Prensa.com.
Source: Prensa.com
More on this topic
November 2011
In recent years, more than $300 million has been invested in the hotel sector along the coastline of Punta Chame and Rio Hato.
Employers in the hospitality industry are betting on the growth of the area, in which several hotels are already operational and several others are expected to open in the coming months.
December 2011
The beaches of the province of Cocle have aroused the interest of investors, as well as domestic and foreign tourists.
The construction of hotel projects such as Buenaventura, Breezes, Playa Blanca, and Decameron Royalton Luxury have contributed more than 2,500 rooms to the sector.
September 2010
The 200 room hotel will be developed in partnership with Westin Panama and Starwood Hotels & Resorts.
The construction of the new accommodation has already begun in the "Costa del Este" area of the Panamanian capital and is expected to finish by the end of 2012.
"Osvaldo Librizzi, Starwood president for Latin America, said that Westin Panama combined with Westin Playa Bonita will enable larger groups to be brought to Panama," reports Pa-digital.com.pa.
January 2011
The 60-room boutique hotel will be administered by F&F Properties.
Opening is scheduled for April 2012.
"Grace Hotels is part of Libra Group, a global conglomerate owned by the Logothetis family, which made its wealth trough sea trade ventures. In addition to Grace Hotels, F&F Properties is building the Hilton Panama hotel and the Waldorf Astoria Panamera", reported Prensa.com.
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