Sale

COMMERCIAL PROPERTY FOR SALE IN CASCO ANTIGUO

Sale price:

$7,000,000.00
Casco Antiguo, San Felipe, Ciudad de Panamá
Panama

Description

Turnkey sale that includes the real estate asset, operation, furniture, equipment, licenses and operating permits of the Hotel Bar and Restaurant brand in Panama.

Historic three-level building, renovated in 2010 converted into a 9-room Boutique Hotel with restaurant on the ground floor, internal bar and another rooftop bar. The building was renovated for the second time in 2019 and featured upgrades to its air conditioning, water heater system, and kitchen equipment.

It has earned recognition as the most popular hotel operation in Panama. It maintains a property tax exemption until 2041, a 3% preferential interest subsidy and is eligible for tax exemption.

The hotel has a profitable operation demonstrated in its 12+ years of history.

Property Details

  • square_foot
    Construction Area
    1,382 m²
  • bed
    Bedrooms
    9

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Additional Information

Property ID 1435
Type Hotel, Investment Opportunity
Province Panama

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