Se Vende Hotel en Casco Antigua, San Felipe

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Property Details

Property ID
29298
Status
For Sale
Location
Casco Viejo
Property Type
Hotel
Sale Price
$ 6,500,000
Total Area
14881 m2
Parkings
2
Date Published
Jul 11, 2022
Times Viewed
333

Property Description

Tantalo Hotel is located in the heart of Casco Viejo, 2 blocks from the Presidential Palace, 5 minutes from Downtown, and 25 minutes from Panama’s main airport; it also has a valuable location near the entrance of Casco Antiguo, providing one of the highest levels of vehicle and foot traffic in all of Casco and affording easy access in and out from the beautiful Cinta Costera (seafront boulevard) that connects to downtown and the east side of the city.

Casco Viejo (aka Casco Antiguo) is the old colonial quarter of Panama City. It was largely abandoned after World War II, but has recently been experiencing a reclamation of its cultural, architectural, and social significance. The “Old City” is being restored through public funding and private investment and was recently inscribed as a UNESCO World Heritage  Site.  Public  and  private  investment  is  helping  to  preserve  and  rehabilitate  its  historic  building  stock, encourage the creation of housing and cultivate pedestrian-scale development of destination restaurants, shops, nightlife, and hotels.

Building 

The building is a historic, former apartment building that was gut renovated in 2010 into a 9-unit Boutique Art Hotel with a ground-floor restaurant, bar, and rooftop bar—two of the most popular food and beverage businesses in all of Panama. 

The building underwent a second full cosmetic renovation in November 2019, and upgraded its AC, water heater system and kitchen equipment. 

Tantalo  has  won  eight  design  and  hospitality  awards  and  has  been  featured  in  many  publications throughout the world. Our team is always working hard to keep Tantalo fresh and interesting to keep customers coming back. Our mix of creative programming, consistent high level of friendly service, fun casual environment, and pricing that is accessible to a wide range of customers, has made Tantalo what many refer to as “An Institution”. The combination of its longevity, fame and talented management team assure that Tantalo will continue to operate profitably for decades to come.  

Tantalo Kitchen 

The restaurant seats 70 people on the ground floor with flexibility for small and large groups. Nearly every inch of wall space is decorated by beautiful murals and a vertical interior green wall with 900 plants. The Lobby Bar and hotel reception were carefully planned to optimize space and efficiency. The restaurant is consistently ranked in the top 20 list and has the second most reviewed restaurant in Panama—out of more than 1,000.

Tantalo Hotel 

On the 2nd and 3rd floors, the Hotel offers artistically designed rooms each designed and named after a local artist. The size of each room varies from 230 to 518 Sq Ft. and each includes LG’s latest technology smart TV’s. 

Tantalo Roofbar 

The Roofbar on the 4th floor has a capacity of 250 and is also used for overflow eating during peak dinner and lunch times. In 2019, the Roofbar was renovated to include a 5th floor, 360-degree viewing area for up to 10 people. The Roofbar has a retractable canopy to protect equipment, employees, and customers from rain and is equipped with a surround music system that allows DJs and musicians to connect their equipment and perform across the area with an exceptional quality sound. Other features included a VIP lounge area and beautiful art installations. The location and height of the building allows tourist to take stunning photographs of the Old Town and the city skyline. Prior to Covid, our team had planned installing structural glass on the atrium to provide additional valuable space and increase revenues  and we still plan to move forward with this plan after the building sale. 

Property Features

  • Air Conditioning
  • Furnished
  • Near Restaurants
  • Near Metro Station
  • Downtown
  • Kitchen-Dinette
  • Breakfast Bar
  • City Center
  • Gas Backup Generator
  • Split Unit Room A-C
  • Microwave
  • Security - Alarm
  • Security - Surveillance
  • Security - System
  • Lift-Elevator
  • Gas
  • Energy Backup Unit
  • Electricity
  • Central Air
  • High Speed Internet
  • Lift-Elevator
  • CATV-cable
  • Terrace-Deck
  • Modern
  • Parking
  • Luxury
  • Near Public Transportation

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