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$ 7,000,000
Est. payment /mo
New
Obarrio
81 Beds
94,572 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 94,572 sqft
Price per Sqft $74
Bedrooms 81
Property Description
Hotel Building for Sale | Obarrio
An exceptional investment opportunity in the heart of Obarrio, offering a substantial partially completed building originally designed for a five-star hotel. With 8,786.50 m² of construction on a 2,106 m² lot, the property presents a rare opportunity to complete and reposition a large-scale hospitality project in one of Panama City's most established and strategic districts.
The building comprises two interconnected structures, one of three levels and the other of eleven levels plus a mezzanine. The existing layout includes 81 pre-divided guest rooms, each designed with private bathrooms, closets, and split air-conditioning, providing a strong foundation for a hotel, boutique hospitality concept, or alternative residential or serviced-apartment development.
The original plans also incorporate a lobby, restaurant, conference facilities, and an extensive rooftop amenity area with plans for a swimming pool, spa, gym, sauna, bathrooms, and bar. Two parking levels provide approximately 36 spaces.
Part of the infrastructure and equipment required to complete the project is already included, such as electrical and transformer systems, selected split and central air-conditioning units, portions of the elevator systems, plumbing fixtures, and fire protection systems.
Positioned in Obarrio, with convenient access to Panama City's business, dining, retail, and entertainment districts, this property offers flexibility for investors seeking to create a business hotel, boutique hotel, serviced-apartment concept, Airbnb-oriented project, or residential development.
Property Features:
• 2,106 m² lot
• 8,786.50 m² of construction
• Partially completed building in shell condition
• Originally designed for a five-star hotel
• Two interconnected structures
• 3-level and 11-level structures plus mezzanine
• 81 pre-divided guest rooms
• Private bathrooms and closets
• Two parking levels with approximately 36 parking spaces
• Electrical and transformer infrastructure included
• Suitable for hotel, boutique hospitality, serviced apartments, Airbnb, or residential development
An exceptional investment opportunity in the heart of Obarrio, offering a substantial partially completed building originally designed for a five-star hotel. With 8,786.50 m² of construction on a 2,106 m² lot, the property presents a rare opportunity to complete and reposition a large-scale hospitality project in one of Panama City's most established and strategic districts.
The building comprises two interconnected structures, one of three levels and the other of eleven levels plus a mezzanine. The existing layout includes 81 pre-divided guest rooms, each designed with private bathrooms, closets, and split air-conditioning, providing a strong foundation for a hotel, boutique hospitality concept, or alternative residential or serviced-apartment development.
The original plans also incorporate a lobby, restaurant, conference facilities, and an extensive rooftop amenity area with plans for a swimming pool, spa, gym, sauna, bathrooms, and bar. Two parking levels provide approximately 36 spaces.
Part of the infrastructure and equipment required to complete the project is already included, such as electrical and transformer systems, selected split and central air-conditioning units, portions of the elevator systems, plumbing fixtures, and fire protection systems.
Positioned in Obarrio, with convenient access to Panama City's business, dining, retail, and entertainment districts, this property offers flexibility for investors seeking to create a business hotel, boutique hotel, serviced-apartment concept, Airbnb-oriented project, or residential development.
Property Features:
• 2,106 m² lot
• 8,786.50 m² of construction
• Partially completed building in shell condition
• Originally designed for a five-star hotel
• Two interconnected structures
• 3-level and 11-level structures plus mezzanine
• 81 pre-divided guest rooms
• Private bathrooms and closets
• Two parking levels with approximately 36 parking spaces
• Electrical and transformer infrastructure included
• Suitable for hotel, boutique hospitality, serviced apartments, Airbnb, or residential development
Listed by Raquel Benaim • Engel & Völkers Panama City
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