ENRIQUE IGLESIAS ENRIQUE

Enrique Iglesias Enrique

Condo Hotels - Guaranteed 15% Plus Annual Return on Investment

The Key is to Buy at Pre-Sale Pricing

Panama real estate is red hot! We have read this from sources like ABC Nightline, The New York Times, The Washington Post, International Living, and the Wall Street Journal, to name just a few briefly. And if it is true that in Dubai you will find most of the Worlds construction cranes then Panama must be the second skyline filled with cranes. There's construction everywhere. However if you try to book a hotel room in Panama City chances are you won't find one. Recently the minister of tourism Ruben Blades published a report stating that there are only 17,000 hotel rooms in Panama, not quite enough for the double digits growth in tourism to the country. He stated that there is a deficit in hotel rooms of more than 20,000 rooms. And although we have a list of New Hotels that are in development in Panama, the demand is still higher than the supply. And we all know what that represents.

Even if we take into account All the New Hotels & rooms currently in development in Panama:

34 Rooms The Holiday Inn City at Knowledge Opening March 27, 2008

102 Rooms The Radisson Colon 2000 Hotel and Casino Opening April 15th, 2008

134 Rooms The Bristol Buenaventura Opening December, 2008

103 Rooms The Radisson Summit Golf And Resort Opening April 2009

80 Rooms The Panama Marriott ext. 376 total Opening late 2009

125 Rooms The LeMeridian Hotel Opening June 2009

128 New Rooms Courtyard by Marriott ext. 248 total Opening fall 2009

800 Rooms Megapolis Condo-Apart-Hotel Opening late 2009 FIRST PHASE

300 Rooms Renaissance Panama Opening late 2010

Condo Hotels represent a great Investment option, since demand for hotel rooms in Panama is higher and growing, and the inventory at hand cannot keep up with the demand for rooms. Condo Hotels have become the NEW BOOM in Investment Opportunities. For those of us that like cash generating Investments, and returns of at least 15% annually and higher; investing in a condo hotel in Panama , Now is an excellent opportunity!

Condo-Hotel's Explained.

Condo-hotel's are just like traditional hotels, however, each hotel room unit may belong to an individual owner, whereas in traditional hotels, there usually just one owner of the entire building.

Condo-hotel owners generally sign a contract with a management company to "operate and manage" the hotel facilities and each of the individual hotel rooms. This is done on a profit share basis, with anywhere from 50% to 75% of the rental income going to the individual unit owners. Additionally, some Condo-hotel management companies also pool the remaining annual net operating profits with an additional percentage being distributed at the end of the operating year to the owners. This percentage varies but can be as much as 15%. Additionally, condo-hotel owners get to use their hotel room units for limited number of days per year. Generally between 1 and 2 weeks. So if you plan to vacation in the destination where you own a Condo-hotel unit, this would be an added benefit.

Additional Benefits.

With traditional real estate investments, you are generally looking to cover your maintenance and monthly mortgage costs if financed and hoping to generate a positive monthly cash flow and hope to make a profit from the increase in value of the property over the time you own it. As any landlord will tell you managing a rental property can be a huge headache - maintenance, dealing with Tenants, collecting rent etc., and these headaches are multiplied if the property you own is in a country different from where you reside.

With Condo-hotels, all of these headaches are taken away from you. The professional management company that is managing the hotel, takes care of all of these day-to-day issues, and you don't ever have to even think about it.

The Opportunity in Panama, is Now!

Recently there has been a huge demand for Hotel rooms in Panama due to the booming economy, increased Tourism, and plenty of Business travelers entering the country. The Panamanian Tourism Institute IPAT recently released a statement saying that based on the current growth trends of tourism there is a demand for an additional 20,000 hotel rooms over the coming years. With the current hotel occupancy rates at a steady 90% and above. And the constant infusion of foreign capital pouring into Panama, the construction boom, and mega investment projects like $5 + billion dollar expansion of the Panama Canal which is underway, The construction of the Panama International Merchandise Mart, the largest commercial structure in Latin America with 2 million square meters of construction 21,572,7820 square feet . Total investment is US$1 billion USD over a 3-year period, the development of the Panama-Pacific Special Economic Area [formerly Howard a U.S. Air Force base], a multi billion dollar real estate development underway by London Regional, and many more. Recently the company Caterpillar, which recently announced it was moving its regional headquarters to Panama, made a statement saying they alone would have a demand of approximately 12,000 room-nights per year!

ThinkPanama.com has reviewed the Condo-hotel offerings in Panama, and has selected two Condo-hotels to Promote: The Plaza Costa del Este, and The Orchid.

GUARANTEED Returns of 15% +

The Plaza, Costa del Este: This outstanding project combines 150 unique and contemporary executive hotel rooms and 44 private residences is located in the Costa del Este part of Panama City - an up and coming area with Residential and Commercial areas including a major Office park complex.

The Developers and Operators of The Plaza, have put together an incredible "Investor Incentive Program" unparalleled in the country. 15% Return on Investment GUARANTEED for 5 years! The pre-sale prices on these hotel Units start at just $193,000. In 5 years you would have recovered 50% of your total investment, plus owners get 70% of the rental income, and are allowed to use their units for one week a year. Even though this project will just break ground this year, you will start to receive your returns well before the hotel is open for business! Additionally, real estate prices in Panama still have a strong appreciation, so if you decide to sell out in 5 years, you're guaranteed an excellent overall ROI.

Rubbing elbow with the stars: International Superstar and Grammy-award winning artist, Enrique Iglesias, and Latin Salsa sensation Gilberto Santa Rosa are confirmed owners of units in The Plaza. Enrique Iglesias bought the Penthouse and Gilberto Santa Rosa bought a residential unit in the development.

The Orchid.

This is the most recent project of Procasa Group launched , they launched their flagship Hotel-condo project "The Orchid" to a room full of Press and Industry Executives. The Orchid, a 200 room, Five-Star Condo-Hotel, will be located in the Financial district in Panama City, and will cater primarily to Business Travelers, boasting one of the best equipped Business Centers in the City.

The property will feature a full service Spa, Pool, Restaurants, Room Service, Gymnasium, Concierge service, housekeeping, etc.

Based on projections released by the company, owners can conservatively expect an average of 17% ROI , this is based on a very conservative 66% occupancy rate. The owners share of the rental income is set at 63%, with the balance to the Management Company. Pre Sale Prices Now start at $207,000, for a limited time.

For Reserve your units at Pre-Sale price contact Douglas M. Choy, Licensed Real Estate broker at ThinkPanama.com he will be happy to provide you with All information including cash flow plans for the condo hotel units, availability, current pricing, and negotiate on your behalf the down payment, payment terms, and conditions.

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About the Author

Douglas M. Choy is an expert in Latin America business and commerce. Mr Choy is the President and CEO of ThinkPanama.com the number one real estate portal in Latin America. He has been mentioned in several business magazines including an article in Latin Trade magazine and quoted as an expert in the region.

Do you really think Enrique Iglesias is 6 feet?

i was surfing through the internet checking celebrities and i was chok that Enrique Iglesias was 6 feet.
Thats imposible how is that?

He is actually tall and that is very possible.
haha, many men are tall.. why is this a shocker?

and wow that man is so incredibly gorgeous!

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