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Buy a hotel room in Panama & profit from the tourism boom

Today's Financial News - Posted August 18, 2008

“Panama’s visitor numbers are growing at a much faster rate than its supply of hotel beds. Visitors are coming from the Americas and Europe for vacation, to buy real estate, to do business, or to work. Multinationals are setting up regional headquarters in Panama and the big infrastructure projects are drawing in skilled labor and contractors.” — Ronan McMahon

Blogger’s note:  Want to capitalize on a tourism boom? Buy a hotel room. Real estate developers and hotel management companies in Panama are building new hotels at a furious rate to keep up with an increasing number of vacation and business travelers to the country. And hoteliers have turned to private real estate investors to fund their new projects. According to Ronan McMahon of International Living, you could make a nice reliable profit on your investment with very little work by putting your money in the right place at the right time. Interested? Read below to learn more.

by Ronan McMahon

Baltimore — (TFN):  I have just returned from a 10-day trip to Panama, where I was speaking at IL’s Live and Invest in Panama conference. While I was there, I was keen to see if there is still a chronic shortage of hotel beds in Panama City.

The answer is a most definite yes…and that means opportunity for you. Even in early August (Panama’s low season), many hotels were full, and every hotelier I spoke with was seeing occupancy rates higher than last year’s record numbers. Room rates also continue to drift up after two years, which saw room rates double in several instances.

I have been visiting Panama City regularly for nearly five years. Up to the middle of last year, I would call one of my favorite hotels a couple of days before traveling. I never had a problem getting a room, and never paid more than $128 per night.

These days are gone… Read on to learn more.

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Posted by TFN-Real Estate · Filed Under Real Estate 

Comments

One Response to “Buy a hotel room in Panama & profit from the tourism boom”

  • Marmaris Says:
    December 2nd, 2008 at 6:50 am

    Even in early August (Panama’s low season), many hotels were full, and every hotelier I spoke with was seeing occupancy rates higher than last year’s record numbers

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