Reasons to Invest
Expected yields of 10%*
70% mortgages available*
Capital appreciation at 20%+ per annum*
Fully furnished rooms
No property tax for 20 years*

Development Features
5 star condo/hotel located in the centre of Panama City
Locatedin the centre of Panama City
Close to all city centre attractions
Prices start from $180,000 (£89,029 approx**) for a hotel/condo room
The Project
The Orchid is a 5 star condo/hotel located in the centre of Panama City, close to all the local attractions and the business community. It consists of 144 hotel rooms spread over 18 floors with each containing eight rooms. Room sizes range from 30 sqm to 64 sqm. The hotel includes all the amenities you would expect from a five star hotel, such as:

Restaurant
Bar
Business centre
Gym
Spa
Conference room
Lap pool
The Investment
The potential of this property investment is huge as the expansion of the Panama Canal was approved at the end of October 2006. The Panamanian Government is expecting more than 8,000 off-shore personnel to arrive in this area for a period of seven to eight years.

This will benefit investors with assured monthly and yearly rentals to engineers and supervisors that need accommodations from the trans-national companies.

With hotel occupancy in Panama over 70% this is an excellent opportunity for investors. The hotel down the road, Bristol hotel is currently running at $200 (£103) a night and 100% occupancy which is the current trend for hotels in central Panama. The Developer is expecting occupancy rates similar to this hotel.

Other Costs
Other costs will be approximately 2% of the purchase price which equals around $1,000 (£515.46).

Hotel Management
The hotel management company will be Californis base who are also managing Starwood and Hilton.

Prices & Payment Details
Prices start from $180,000 (£89,029 approx**) for a hotel/condo room. Due to popular demand, units in this development sell on a daily basis.
Reservation€3,000Payment SchedulePlease ask for details Completion February 2009