Condo Hotel Panama - Panama Real Estate - Panama Financial District - Bienes Raices Panama - Inmoveis Panama - Inmuebles Panama - Hoteles Panama - Propiedades Panama - Inversiones Panama

CONDO-HOTEL PANAMA 144 units Fully furnished includes appliances (microwave, fridge, burner) and FF&E Located in the heart of Panama's vibrant Financial District, close to mayor international banks, a new development built by Procasa, one of the largest developers in Panama is now being offered to www.PanamaRealEstateNOW.com clients. Panama has enjoyed a 25% increase in tourism and business travelers coming into the country for leisure or business purposes, this trend is likely to continue in the coming years due in part to the approval of the Panama Canal expansion and of course Panama's strategic geographical location. Currently Panama City enjoys one of the highest hotel occupancy rates in Central America, the present hotel offer doesn't keep up with the extraordinary demand of business travelers. Owners at CONDO-HOTEL Panama will have a 63% share of the revenue and the operator will keep 37%. The Tourist Act implemented by the Panama government to promote tourism is extending the 20 year property tax exemption to the hotel developments.

 CONDO-HOTEL PANAMA LOCATION

Payment Structure:

10% at contract signing

10% at ground breaking (June/July 2007 expected)

10% 6 months after starting construction

70% balance at closing end of 2009

Prices: studio units from $85,000 (sold out)

One bedroom units from the high 100,000

CLICK HERE TO SEE OCCUPANCY RATES IN PANAMA CITY HOTELS

• Hotel Rates: $145 per night on average.
• Furniture Package included in unit price
• Use by owner: you can use your unit 8 weeks of the year

Click here to open floor plans PDF brochure...    Please wait while the PDF document opens

 ACT NOW UNITS ARE BEING SOLD ON A FIRST COME FIRST SERVE BASIS !

TO PURCHASE A UNIT:

1. FAX a copy of a check made payable to PROCASA with reference to the Condo Hotel Corp. Unit No.____ to fax No. 786-513-2495
2. Make check for the amount of $10,000 to reserve a unit
3. Copy of you Passport
4. Once we have received these documents we will send you the purchase agreement for you to sign and send them back to us with the first 10% deposit.

 ACT NOW, LIMITED INVENTORY, EXCELENT INVESTMENT OPPORTUNITY !

 Please fill out the Registration Form below to receive information on our exclusive allocation of units and information on the Condo-Hotel Rental Program Agreement.