Have you heard of the Panama Canal? It is in the middle of a $5 billion dollar expansion. The gateway to the World is no longer Panama’s only attraction. Panama has gone from the hidden gem of Latin America to becoming a HOT tourism destination. The Pearl Islands located in Panama have been the beautiful exotic backdrop to CBS Survivor series more than once. Tropical weather, two oceans, abundance of rain forest, nature, birds, trees, all within a few hours drive to a modern city with a skyline that resembles Hong Kong.
Tourism growth in 2007 was in the teens – double digits, the tourism growth in the last 5 years has been in Steroid Hormone growth mode. While the U.S. is riding the downhill turn of the economic roller coaster with the collapse of the real estate market. Panama is experiencing times of BONANZA and BOOM. While some would expect that the Giant to the North will soon have a negative impact for Panama, it’s growth is fueled by investors from the Europe, U.K., Spain, Venezuela, Israel and U.S. investors looking to shift away from the U.S. and into a still emerging economy.
The economic boom in Panama is fueled by huge Investments, such as The Panama Canal $5 billion dollar expansion. Panama has always been a commercial center and global Commerce fuels commerce through Panama and the largest Free Trade Zone in this hemisphere, located in Panama, second only to Hong King.
The Real Estate markets is Booming, I would bet there are more construction cranes here right now than in any other city in the World, maybe second to Dubai. Panama has become the Airlines hub to the Americas; there are hundreds of daily flights to everywhere North, South, East, and West. The hub of global telecommunications, the hub for Call Center Headquarters, the hub for International Banking & Finance, Panama is known as the banking capital of the World. In short Panama is a Business Hub. And business is good, and the projection for the next decade can be defined as “Panama’s decadent decade”.
TOURISM Traffic Keeps Growing
January and February 2008 was +11.6% that’s 30,425 more tourist than last year same period, for a total of 291, 624 tourist in the first two months of the year. And the projection for 2008 is to reach over a million and several hundred thousand tourists.
All of this has created a deficit in hotel rooms. The Minister of Tourism announced that Panama has a deficit of 20,000 hotel rooms. Finding a hotel room in Panama is very difficult. Today the occupancy level of hotels in Panama is over 90%. The global average in hotels of 100 and more rooms is 84.7% , Panama is ranked no. 2 in hotel occupancy out of 165 cities from around the World according to Global Ranking Index GRI , second only to Perth, Australia with 85.1% avg. annual hotel occupancy level. These figures were audited and published recently by Deloitte Touche Tohmatsu accounting firm.
Condo Hotels is my TOP INVESTMENT option in Panama
Donald Trump is already in this game, he is opening Trump Ocean Club a condo hotel in Panama City.
My Top pick for My Readers and Clients: THE PLAZA
This is a very upscale 5 Star oceanview 150 room condo hotel & 44 Exclusive Residences located in a Panama City, in Costa del Este, just 15 minutes from the International airport, 45 minutes to Pacific coast beaches, 20 minutes to Johns Hopkins Punta Pacifica Hospital, and the ultra hip Multi Plaza Mega Mall with the World’s top fashion specialty boutique brand stores like Cartier, Hugo Boss, Fendi, Carolina Herrera, Lacoste, Mont Blanc, supermarket, and restaurants. The Plaza is Residence and Condo Hotel with contemporary design. The development will offer state of the art technology, wireless internet, interactive intelligent lobby with online concierge service, health center, Business center, Infinity pools, waterfalls, International restaurants, sky lounge, and exotic amenities such as a Luxury 100 foot yacht that takes condo owners and guests to the beautiful Pearl Islands Contadora island every day, seven times per week. Famous celebrities like Enrique Iglesias, Justin Pasek Miss Universe 2003 , Salsa super star: Gilberto Santa Rosa, and the lead singer for MANA, one of Latin Americas favorite rock band. One of the features of this condo hotel & residences is the SKY-BEACH at the roof top with view to the Pacific Ocean.
The current Pre-Sale price on the 473 sq. ft. Plaza Condo Hotel units is $193,600.
Keep reading- Our price per unit, for a limited time is the lowest in the market.
Condo Hotels top Investment in Panama
I love the condo hotel investment option. You are buying the unit, you own it 100% Titled Property. You are putting your unit into a pool of hotel rooms to be managed and maintained by a professional experienced hotel company. They rent it out, market the hotel, handle reservations, bookings, cleaning, maintenance, everything is turn-key. And you can book the unit for yourself to use two weeks out of every Year. As the condo owner you get to keep 60% of the rental income, so this is an investment that pays for itself and generates income for you.
I have reviewed the Return on Investment numbers and this is the scoop: At a conservative occupancy level of 75% and a nightly rate of $225 per night, rates at the Marriott = $291, Miramar InterContinental $341, Radisson $286, per night , you can achieve Positive Income on your investment of $23,034.38 per year on your condo unit.
Or you have a second option which guarantees you 10% ROI. GUARANTEED in writing in the purchase contract. This Guarantee is for 5 years including the construction period of the project.
You not only make money from the rental income, you also make money from the resale VALUE of the property. And you can use your unit 2 weeks every year for FREE.
EXCLUSIVE ThinkPamama OFFER
Limited Time Offer, Limited units at this offer.
I can make you $22,360 in weeks, and $23k per year income.
$3,000 discount ONLY available for ThinkPanama.com
Our price per unit : $190, 600.
I was also made aware by THE PLAZA sources insiders Information , there is 10% Price Increase coming in 4 weeks, and there are two more price increases planned. My dear reader: This means that the Plaza units will raise price to $212,960, a hike increase of almost $20,000, with our special $3,000 discount, I can make a Profit of $22,360 in a few weeks, and $23,000 per year income.
This is a limited time offer. And for those of you wanting to make money in the Panama Boom, The time is now!
I can help you to lock into this offer with 30% down payment. For more information on The Plaza visit our Panama real estate properties page.