property for sale Panama
The Orchid

The Orchid is a 5 star condo/hotel located in the centre of Panama City, close to all the local attractions and the business community. It consists of 144 hotel rooms spread over 18 floors with each containing eight rooms. Room sizes range from 30 sqm to 64 sqm. The hotel includes all the amenities you would expect from a five star hotel, such as:

• Restaurant
• Bar
• Business centre
• Gym
• Spa
• Conference room
• Lap pool

The potential of this property investment in Panama is huge as the expansion of the Panama Canal was approved at the end of October 2006. The Panamanian Government is expecting more than 8,000 off-shore personnel to arrive in this area for a period of seven to eight years.

This property for sale in Panama will benefit investors with assured monthly and yearly rentals to engineers and supervisors that need accommodations from the trans-national companies.

With hotel occupancy in Panama over 70% this is an excellent opportunity for investors. The hotel down the road, Bristol hotel is currently running at $200 (£103) a night and 100% occupancy which is the current trend for hotels in central Panama. The Developer is expecting occupancy rates similar to this hotel.

Other costs will be approximately 2% of the purchase price which equals around $1,000 (£515.46).

The hotel management company will be Californis base who are also managing Starwood and Hilton.

Prices start from $180,000 (£89,029 approx**) for a hotel/condo room. Due to popular demand, units in this development sell on a daily basis. Please use our enquiry form to request a full colour brochure, current availability and price list.

* Terms and conditions apply. **Currency equivalents are based on approximate conversion at time of writing and are subject to fluctuation. To save money on currency exchange use movewithus FX.