Hotels, Resorts & Casinos

Hotels, resorts and casinos are growing in numbers. Most tourist prefer to visit Panama City and stay at one of the many hotels and resorts and casinos

Hotels

Many five-star hotels in Panama are able to offer the highest level of accommodation, facilities and services to visitors. The country has more than 4,000 rooms in five-star hotels alone. Major brands such as Hilton, Waldorf Astoria, Trump International, Marriott, Westin, Hard Rock, Radisson and Intercontinental all have presence in Panama City beachfront and downtown, giving visitors a choice of modern amenities including luxury rooms, meeting and convention centers, conference facilities and up-to-date technology. The short distances between hotels also means that visitors can be accommodated in different hotels as travel times between towns rarely exceed 15 minutes. The Tocumen International Airport is located less than 30 minutes away from most hotels.

Modern comforts are served up with impeccable style and welcoming hospitality in Panama’s many hotels. Visitors can choose between two and three star hotels, or a large range of upmarket ones with four- and five-star status.

Panama offers something to suit the most discerning of tastes: modern, luxury seaside hotels equipped with spa, private beaches and marinas; magnificent period hotels set in sprawling landscaped gardens; elegant 21st century buildings on the waterfront; or even an exquisite boutique hotel situated downtown in Panama City, in the beach or mountain.

In 2016, it’s expected for the luxury Hotel Las Americas Golden Tower Panama (283 rooms) to initiate operations in Panama. In addition, another luxury hotel member of The Luxury Collection hotel chain is expected to open this year, The Santa Maria Hotel, which will be located at the Santa Maria Golf and Country Club in Costa del Este.

Investors can also find many hotels and B&B for sale in Panama in areas such as Bocas del Toro, Chiriquí, Panama City and Los Santos. For example, in Bocas del Toro, there’s an Island Marina with Waterfront House For Sale, at a price of USD 1,5 million; a 10 room Bed and Breakfast Hotel in Boquete, Chiriqui for sale at a price of USD 2.0 million; in Los Santos, a Beach Side Resort Business in USD over 5 million; and an Hotel and Residences in Panama City for sale at USD 7 million, just to name a few.

ResortsMajor international brands such as Riu, Westin, Decameron, Bristol and JW Marriot top the list of all-inclusive beach resorts in Panama

Although Panama is a small country, it has a great variety of world-class resorts for every taste and choice. Most international resort chains and brands have a presence in the country, as well as a number of boutique resorts in Panama country side that can suit the needs of visitors and locals as well.

Major international brands such as Riu, Westin, Decameron, Bristol and JW Marriot top the list of all-inclusive beach resorts in Panama, offering the vacation of your dreams if beach and relaxation is what you seek. They also offer a variety of entertainment for kids and adults such as scuba diving, snorkeling, jet skis and horse riding, among others.

If nature is what you seek, the country also offers a variety of eco resorts across the country, which offers many ecotourism activities, such as Gamboa Rainforest Resort, Los Mandarinos and Boquete Tree Trek, just to name a few.

It is expected for 2016 the grand opening of the luxury hotel Buenaventura Dreams Panama, which will offer 500 rooms and suites fully equipped with private balcony or terrace with great views. This resort will be located 80 minutes from Panama City in a luxury community that includes a golf course designed by Jack Nicklaus, which will include fishing and sailing facilities, equestrian centers and one large collection of outdoor activities. This luxury resort is designed for both couples and families.

Casinos

he Panama casino industry is undergoing a renaissance as these top level casinos move in.Panama has become the strategic center of the Americas to promote fun, tourism and gambling business. In the last year Panama Casinos have had the bar raised as three new premiere casinos recently opened. The Panama casino industry is undergoing a renaissance as these top level casinos move in.

The Ocean Sun Casino has areas for live entertainment and gourmet meals. You must experience a live show within the Ocean Sun Casino.  The Casino itself has over 600 slot machines for you to enjoy as well as 34 gaming tables. What sets the Sun Ocean Casino apart is the 66th floor known as Panaviera. This part of the Casino has some of the most beautiful views in Panama City, Panama and the highest vantage point in Central America. Join VIP’s in games of Baccarat, Poker, Black Jack and of course Roulette.

Sortis Casino located in the Obarrio neighborhood of Panama City is officially the largest Casino in Panama. The Casino is located within the Sortis Hotel. The hotel also has upscale restaurants on the main floor and a full spa for you to take advantage of.

The Sunbay Casino is located at the Hilton Hotel in the Cinta Costera, facing the Pacific Ocean. The casino boasts 27 gaming tables and hundreds of slot machines. Enjoy live music as you play. The Sunbay Casino has a Tapas Bar and Sports Bar.

Panama as International Center for Events

Panama as International Center for EventsThe Panama Tourism Authority continues its efforts for mass advertising and marketing of Panama in the North America, Latin America and European market, to help give continuity to tourism growth recorded by the country in recent years. Marketing strategy through the Panama advertising campaign presents a series of five commercial to be used for international dissemination.

The Tourism Authority, through market research activities, found that large-scale events are a business opportunity for the private sector and for tourism promotion in the country. For this, the authority has engaged joint cooperation between government and private companies to put Panama in a leading position in the region as a destination and international center for events. This initiative reflects the interest of promoting the country as a destination for world-class events, taking advantage of its strategic location, ease of arrival and its great commercial positioning achieved internationally.

The goal is to place the Republic of Panama on the map of international events such as World entertainment center, producing mega events throughout the year, including concerts, festivals, and corporate events of high quality.

It is therefore important to note that Panama has one of the best centers of major connectivity in America, which is ratified by the International Air Transport Association (IATA), who placed in 4th place of importance in terms of "hubs".

Investment Opportunities

In recent years, Panama has experienced a boom in the tourism sector; coupled with the development of economic policies that promote investment across the country.

Today, it has regulations that encourage foreign investments in the tourism sector. These are mainly regulated by Law No. 80 of 8 November 2012 that defines all tax incentives for foreign investments in the hotels & resorts sector, as well as other laws that complement these incentives with the main objective of increasing tourism development in our country.

For example, hotel investments in the Panama countryside over US$250,000 may benefit from tax incentives, such as exemption for five years for the import of materials not manufactured in Panama. Also, they will not pay for property tax on land and improvements for 15 years, among others.

We know a few hotels for sale right now.

If you want to set up or purchase a Hotel, Resort or other type of Tourism project, we can provide you our well-known One Stop Shop services since we have licensed real estate agents, excellent lawyers, insurance specialists, investment advisors and other professionals to assist you on all your business needs.

We can help you with:

  • Setting up or acquiring the business
  • Incorporating a company, llc, partnership or branch
  • Locating office and living premises in Panama City for the company and its executives
  • Legal services for setting up all operations, contracts, permits, etc.
  • Accessing special tax incentives
  • Applying for visas, work and residence permits for expats
  • Relocation services
  • Others

For more information, please contact us.


 

Read more »

Subscribe

Join to our mailing list to receive our latest news, properties and tips to do Business in Panama

Subscribe in our website

Download our Guide to Doing Business in Panama completely FREE

Get it Now!