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. 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.

In 2018, the luxury W Hotel Panama (203 rooms) initiate operations in Panama. In addition, another luxury hotel member of The Luxury Collection hotel such as The Santa Maria Hotel, which will be located at the Santa Maria Golf and Country Club in Costa del Este, has already begun operations.

Investors can also find many hotels and Motels for sale in Panama in areas such as Bocas del Toro, Chiriquí, Panama City and Los Santos.

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 Al Natural Resort in Bocas del Toro, Villa Caprichosa in Taboga Island and the Islas Secas Reserve & Lodge in Chiriquí just to name a few.

Islas Secas Reserve & Lodge is a boutique hotel, located at the Arquipielago of Islas Secas in Chiriqui that will celebrate in 2019 its grand opening, which will offer 20 miles of shore developed. This resort will be located 90 minutes from Panama City, which will include fishing and sailing facilities, 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:

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 Starbay Casino: is located in the Hilton Hotel at 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 Events

In 2019, the Amador Convention Center will finally open its doors. This is a US$300 million project that will represent 58 thousand square meters, plus 3 separate structures for conventions and fairs for an additional space of 15 thousand square meters and parking facilities for more than 1,700 vehicles, just beside of the Panama Canal, and it will be adequate with a cruise terminal, connection to a museum as well as restaurants and sport facilities
 
This new cruise terminal itself is a US$165 million project that will allow more than 600 thousand tourists who currently pass through the Panama Canal to visit Panama City as a destination of their cruise trip as well as a new opportunity for residents and tourist who uses the Tocumen Airport to visit Panama and take a cruise trip from Panama City to other destinations. 

Investment Opportunities

Today, the regulations encourage foreign investments in the tourism sector. 
 
These is currently a bill under consideration the Panamanian Senate in order to extend the benefits granted by Law No. 80 of 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 hotels for sale right now. If you are interested, let us know.
 
If you want to set up 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 Project
  • 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.

 

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