Excellent oportunity to invest in an already built hotel, apartment building and lot in the main street of the city of Panama

This property is a unique bargain to get an already built hotel, an apartment building and a lot in the exclusive neighborhood of La Cresta, right in the more important avenue of Panama City. A dream for an investor and/or developer, which can become real immediately, without going through permits, studies or designs.

The structure of the hotel is a building with 64 junior suites (8 per floor) that range in size from 44m² to 53m². It also has two commercial offices that face Vía España that adds a total area of 200m ². The total construction area for this hotel, that used to be called Central Park Suites Hotel, is 5,000 m2. The hotel started operations in 1999 and the total recreational area accounts for 470m² that includes adult pool, children’s pool, rooms for a wellness spa and fully equipped gym. In the interior of the building you will find sufficient space for a restaurant, sports bar, kitchen and lounge.

In the back of the hotel there is an apartment building owns by the same company, that was built in 1986 and has 7 floors, two by floor (different in design). The apartment A has three bedroom an the apartment B two bedrooms. Both have spacious living spaces and balconies overlooking the social area of the hotel. The social area of the hotel directly communicates with this horizontal property.
Facing the two buildings are 2,318 square meters of prime real estate providing high density land allowing you to go as far as your imagination will take you.