The Orchid, Panama City

The Orchid is a 5 star condo/hotel located in the centre of Panama City, close to all the local attractions and 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 Investment

The potential of this investment property 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 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

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

Hotel management

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

Completion

Completion is February 2009.

Development Features:

• Country: Panama
• Location: Panama City
• Type: Apart-Hotel Development
• Price: from $207,000

Reasons To Invest:

• Expected yields of 10%
• 70% mortgages available
• Capital appreciation at 20%+ per annum
• Fully furnished rooms
• No property tax for 20 years

Click here to register for more information.