Unicorn - Spectacular Hotel Condo

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Province: Area/Town: Location: Panama Panama City Bella Vista Map it Sale Price: Rent Price: Property Type:   Constr. Area: Total Area: $164,800 N/A Commercial [ Preconstruction ] 44 m2 44 m2 Property ID: Times Viewed: Status: Date Published: 52345986 1,042 Active 2008-06-10 m2:  = sq. ft   ha:    = acres

Units of 54m2 at $188,900 also available.

Ultra modern luxury hotel, located one block from Balboa Ave and 5 min drive to the Banking District. This condo-hotel investment consists on buying a hotel room and spliting the rental income with the hotel operator in a 70% average percentage for the owner, giving an incredible return on the investment. While the owner receives the rental income from the unit, the property also appreciates. Based on a conservative occuppation rate of 70% of the days of the year (the hotels in the area have an occupation rate of 80%-85%), and an average rental rate of $160 a night, the developer estimates an initial yearly net return (minus expenses) for the owner of 10% of the property value without including appreciation of the unit. The units come fully furnished and the owners will be able to occupy their units for a guaranteed period of 30 days a year.

Floors: 15
Units in Total: 96 Ultra-modern luxury suites
Units per floor: 8 suites per floor
Elevators: 3 elevators in the floor.

Amenities:
Pools
Restaurant
Lounge & Bar on roof terrace
Gym and Personal Trainer (upon Request)

Features and Facilities:

• Fifteen stories reinforced concrete building with underground parking.
• 96 ultra- modern luxury suites.
• Underground garage.
• Roof top terrace (with 360) degree view of the city and Ocean).
• Exclusive service floor.
• Executive business center.
• Chi designer restaurant
• Private catering services for meetings, luncheon and dinner parties.
• Concierge services.
• Lounge bar in the lobby.
• 24- fitness facility (private one-on-one physical trainers available upon request)
• Multilingual staff.
• Luxurious bathrooms and amenities
• King and queen size beds
• Down comforters and pillows
• Customized Egyptian sheets with 300 tread count
• Ultra- modern furniture
• European designed, state- of-the-art, compact kitchen
• Air conditioning
• Interactive satellite TV
• Direct dial telephone
• Video on demand with entertainment center featuring AM/FM radio, satellite music channels, compact disk player.
• Mini- Bar
• In room Safe Box
• Data port connections for modern /fax, machines (available upon request).
• Portable computers and cellular phones, available upon request.
• Wireless internet access.
• Restaurant and Bar: Services and facilities:
• An a la carte restaurant, specializing in regional and international cuisines.
• Ultra-modern Lounge Bar.
• Welcome presentations
• Butler services
• Chauffer and limousine service
• Nanny services
• Courier services
• Exotic car, private yacht and motor boat charters.
• Choice of complimentary newspaper and local magazine
• Maintenance Fee: $ 3.00 per mt2
• Parking: Underground
  

• Bella Vista
• Bella Vista Real Estate