The Plaza - A new mixed-use residential and hotel tower in Panama City 's fashionable Obarrio district, offers a revolutionary concept in income-earning property.

It is the first of its kind, combining private residences and hotel services in an elegant, modern design. Each 1-bedroom residential apartment in the 34-storey tower is flanked by a hotel room with a separate entrance, with the option to rent out one or both units, offering owners unprecedented flexibility and income-earning potential.

Whether you are seeking a pied-a-terre in the city or a lucrative investment in Panama 's thriving real estate and business market, the Plaza offers you the arrangement to suit your needs. With a hotel management team in place to oversee all rentals and full maid service for room upkeep, you can enjoy the income stream hands-off and worry-free.

Located in the heart of the city in the upscale Obarrio district on 50 th St. , the Plaza provides easy access to all banking, shops, restaurants and amenities. Construction is set to begin in April 2007, with completion in one year. With only 84 residences on offer, opportunities to take part in this unique and exciting project are limited. We are now accepting reservations for priority resale.

Residences - Residents can choose from three model apartments, fully furnished with all appliances, and elegant Italian furniture. Owners who choose to rent out both the hotel room and primary residence are exempt from residence maintenance fees. Prices from $300,000.

Apartment Sizes:

  • 3 Apartments per Floor.
  • Three different views of the city: facing east, south and west.

Appliances Included:

  • Stove, fridge, microwave, washer, dryer.

Amenities Include:

  • Bar
  • Billiards room
  • Business center
  • High Speed Internet
  • Hotel Condominium
  • Jacuzzi
  • Lounge / Piano Bar
  • Restaurant
  • Sauna
  • Security 24/7
  • Social Area
  • Spa
  • Swimming Pool
  • Wellness Spa

Maintenance Fees:

  • $ 1.50 per m2
  • Tax exemption for 15 years

Payment Schedule:

  • Reservation fee of $5,000.00 due upon sales agreement
  • 10% (minus reservation fee) due upon signing of contract
  • 10% due at the start of construction
  • 10% due after 12 Months
  • 70% due upon closing