Twenty-two Hotels are Under Construction in Panama

Twenty-two hotel projects, with an investment of more than 569.2 million dollars, are currently being built in the country, according to reports provided by the Tourism Authority of Panama.

Le Meridien Hotel, built by Empresas Bern

These projects are listed on the National Register of Tourism and enjoy the tax incentives granted by law 58, expired on December 28 of 2006, which amended a section of the Act 8 of 1994.

Twelve of these projects are located in the heart of the capital city (for a total of 424.1 million dollars), two in the area of Amador (for 22 million dollars) and three in the Casco Antiguo (by 65.1 million dollars).

In the area of Farallon, Cocle Province, two projects are being developed with an investment of 46.2 million dollars. Meanwhile in the city of David, Chiriqui, other tourist infrastructure is built at a cost of 8.5 million dollars. Other two will be located in Santiago de Veraguas, worth 3.3 million dollars.

These projects provide accommodations of over 4 thousand 816 rooms to the existing lodging offerings, which until last year was 16 thousand 843 rooms across the country.

The Hotel Central is a colonial structure undergoing major reconstructions.

The Ritz Plaza Suites, Le Meridien, Trump Ocean, Casco Viejo, Central, Founder The I and II, Breezes Panama, Mikonos and David are some of these hotel projects being built and it is estimated that some of them will ready at the end of this year.

For more information about Panama travel, tourism, and locations contact Panama Travel Group today.

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