Hotel for Sale in El Cangrejo

Contemporary Hotel for Sale in the Heart of El Cangrejo – High-Yield Investment Property

Strategically located in the center of Panama City's banking and financial district. Just steps away from Via España, and a few kilometers from the famous Cinta Costera and Casco Viejo. Near the hotel you will find numerous and diverse restaurants, bars, banks, schools, universities, and shopping centers.

The building comprises 9 floors and an adjoining paved parking lot with capacity for 90 vehicles. Complete renovation from 2012-2013, with the hotel partially closed during this period. Since opening in April 2013, the property features: A fine dining restaurant, a Bar/Pub with outdoor beer garden, 136 operational guest rooms (8 Executive Suites), 144 total rooms across 3 executive floors, 4 banquet halls, and 3 terraces.

Fitness area with new equipment and business center. New plumbing, electrical, internet systems, and energy-saving features.

Following 100% renovation of all facilities, the hotel has been transformed into a Boutique Hotel with New York eclectic décor, offering fine dining in its restaurant and two bars featuring a curated selection of craft beers.

SPECIFICATIONS

• Operating System: Zeus
• Reservation System: Sabre Hospitality
• High-speed WiFi in all areas
• Energy-saving system in guest rooms
• Outdoor swimming pool
• Gym with professional equipment
• Common areas bathrooms (3 areas)
• Business Center
• Elevators (3)
• Kitchens (2)
• Maintenance area
• Laundry facilities
• Cold storage area
• Staff dining room
• Storage room
• Sewing room
• Electrical system (new 2013)
• Plumbing (new 2013)
• Electrical generator (new 2013)

CONSTRUCTION SPECIFICATIONS

• Land area: 4,026 m²
• Enclosed area: 11,600 m²
• Covered area: 215 m²
• Open-air area: 760 m²
• Parking area: 1,780 m²
• Total construction area: 14,355 m²