Panama: More than 20 New Hotels in 2012

With an investment of $1,500 million more than twenty hotels will open their doors this year in Panama.

Monday, January 9, 2012

This will mean the incorporation of six thousand new rooms to the hotel industry market, said Sarah Brown, president of the Panamanian Association of Hotels (APATEL).

"Among the hotels that will open their doors, are Hyatt Place, Wingate by Wyndham, Aloft, Megapolis, the Westin in Costa del Este, the NH Hotel, Sonesta Hotel and Waldorf Astoria Hotels & Resorts.

The latter will be the first structure by this chain in Latin America and the fifth development by Hilton Worldwide in Panama, since this year they expect to complete three more buildings" wirte Diamar Diaz for Panamaamerica.com.pa

More on this topic

Still Not Enough Tourists For So Many Hotels

August 2011

Hotel occupancy in Panama has dropped by two percentage points in the first months of the year, and it is estimated that by 2012 the occupancy rate will fall to 38%.

In the race for growth between the number of tourists arriving in Panama, and the supply of available beds, the latter is winning, and it is estimated that it wont be until 2016 that the current occupancy rates are achieved again.

Waldorf Astoria Will Develop Hotel in Panama

May 2010

It will become the first Waldorf Astoria hotel in Latin America; it is scheduled to open in the second half of 2011.

“The Panamera”, as it will be known, will be administered by Hilton Worldwide using the Waldorf Astoria brand.

John Vanderslice, luxury brand manager at Hilton Worldwide, said: “Introducing the first Waldorf Astoria in Latin America shows Hilton’s intention of growing in the region, bringing new brands to new markets”.

Business Tourism in Costa Rica

February 2012

With an investment of $16 million, Aloft Hotel has started operations, a business which is counting on the support of business tourists.

The new hotel aims to attract businessmen arriving in Costa Rica to take part in international events or conduct private business.

Aloft Hotel Central America, with 150 rooms and a 175 square meter space dedicated to meeting rooms, offers guests broadband connection in all areas of the building.

First Investment by Colombian Terranum in Costa Rica

February 2012

With an investment of $16 million the Colombian developer Terranum has inaugurated Hotel Aloft.

The building is located in Santa Ana will be managed by Starwood Hotels & Resorts.

"Paul Downey, general manager of Aloft Costa Rica, said that this line has existed since 2008 and has about 60 hotels around the world", according to an article in Elfinancierocr.com.

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