Panama, Panama City | By Duncan McGowan | November 18, 2014 10:10 AM ET
This month Hyatt opened its first Hyatt-branded hotel in Panama, the 165-room Hyatt Place Panama City. Located in the heart of the financial zone, Hyatt says the new hotel is part of a Latin America growth strategy, an expansion plan which reportedly includes a new hotel in Costa del Este, the waterfront development in south Panama City.
Hyatt is also rumored to be considering another Hyatt-branded facility on the Amador Causeway, where the Amador Convention Center is scheduled to open next year.
Hyatt’s debut follows the opening earlier this year of the first Hilton-branded hotel in Panama City, the 347-room Hilton Panama. Hilton already runs three other hotels in Panama City, including a Waldorf Astoria and a fifth Hilton is expected to open soon.
But that’s not all. This month Grace Hotels, a fast-growing luxury brand specializing in “contemporary urban boutique” hotels, opened its first hotel in Central America in the distinctive Twist Tower, which looks like a giant corkscrew.
Overall, the number of hotel rooms available in Panama City has almost doubled since 2007, with more than 13,000 hotel rooms now available in Panama City.
In the short term, the result is a clear oversupply of hotel rooms in the city. Competition is high. As a result, room rates are declining, which means inexpensive and discounted rooms for both businesses and leisure travelers.
There is a hotel war looming, as the hotels compete for customers. That will mean great deals for tourists, who will be encouraged to visit and explore Panama City. Corporations and associations will also take advantage of the competition to host meetings and events in the city.
In the long term, the growth of the hotel market is good news for the residential property market. Hotels tend to be a leading indicator of property expansion and a clear driver of second home and investment home sales. Hotels promote a destination and invest in infrastructure. They expose the market to people who may not be familiar with Panama City. And they help create a business friendly environment.
The current abundance of supply is not slowing down the hotels, which have clearly identified Panama City as a market for expansion. Many of these brands have never built projects in Central America before, but now they see Panama City as a maturing market.
Several brands are expected to target the Amador Causeway, which is attracting a new wave of development. In addition to the Amador Convention Center and the new Frank Gehry-designed biomuseum, the Causeway is attracting investors from around the world for its unique waterfront opportunities.
In Punta Pacifica, the neighborhood of luxury towers on Panama Bay, the anchor hotel is the Trump Ocean Club, the tallest building in Central America and the first hotel to carry the Trump name in the region. Last month the Trump opened the largest casino in Central America, a top-of-the-line facility run by Sun International, the South African operator known for its high-end clientele.
For Panama, the Trump is the social and cultural hub of the community, which is another benefit of having a big hotel brand in the neighborhood. The addition of more top brands like Hyatt and Hilton will help transform the city and a sure sign that more international companies are ready to make their mark on the Panama City success story.
If you are coming to the United States and are going to Los Angeles California, then Panama Jack has the perfect choices for renting houses, apartments, condo’s and rooms in the Venice beach area of Los Angeles, California.
Venice Beach is the most exciting beach in the world and it is close to everything in Los Angeles, Hollywood, Beverly Hills, Santa Monica, Malibu and Downtown Los Angeles.
We have a condo in a luxury building that will sleep 3 people within 8 minutes of (LAX) for only $150.00 2 night minimum. It is 2 miles from the airport and 1 mile from the beach at Play Del Rey
Are rentals go all up to the most beautiful original Craftsman Style Luxury Venice Beach House that is great for special events and sleeps 10 people for $1500.00 a night 2 night minimum.
Our rentals start at $125.00 a night for a studio apartment and go all they up to $1,500.00 for a five bedroom luxury beach house on Venice Beach.
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Skype Phone jacksoninpanama all one word.
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THIS IS Camila from Chile South America who came and stayed with her girlfriend for one week, they had a great time and are now our friends and are in New York City. Photo by Jack Miller
The Kuna look is taking over the fashion industry by storm, turning Paris into a second destination for high end fashion designers. The new look is so powerful that it sent buyers on a bidding war just to be able to add these new fashions to the wardrobes.
Lois is a Panamanian photographer whose world picture focuses on man and his environment. For humans it is not just as the universe, but justification for the creation of ethical, sociological and historical postulates. LOIS His gaze penetrates deep and goes hand in hand with a conscience in full swing, which returns an active, vital entity and lends itself to build your environment.
Thank You for your beautiful pictures Panama Visitors Guide
Ibedi natural is the last natural paradises of San Blas, Panama.
Visit this destination, reconnect with nature. Surrounded by trees, mountains, rivers and beaches, various species of birds, butterflies, turtles and an ancient culture that make your vacation unforgettable.
Lately Ibedi Natural (Armila ) has become a popular destination for eco-tourists, conservationists, nature lovers and adventurers who like appreciate the flora and fauna, a different experience in contact with nature and sense of adventure and in good health (Physics).
If you are one of them and live an adventurous spirit in you, what you waiting for? Book now!
The Official Tourism Website of the Republic of Panama, Here at Panama Visitor’s Guide we do our best to help you find information on the Republic of Panama, on the Panama Canals Tours and Day Trips, Boquete Tourism, Panama Hotels and Hostels, Panama Nightlife, San Blas Vacation Hotels and Hostels, Bocas Del Toro Hotels and Hostels, Panama Casinos, Beach, Panama Sport Fishing, Whale Watching in Panama, Panama Canal Live Web-Cam, Maps of Panama, República de Panamá
By Panama Jack
PARADISE FISHING LODGE, September 2014 FISH REPORT
The Last couple weeks has been good. We did start to get a few nice tuna, but there still not here in full forcé. The marlín bite was great for a couple weeks, but that slowed down a bit over the last week. we have had very good luck around the islands and have caught plenty of big roosters and snapper along with many other types of fish.
I have made a bit of progress on expanding my marina, my permission finally came out for me to build a gas station. I hope to start building in the next month. We will be selling Gas to Boats from the end of our dock and also cars and trucks that pass on the road.
Hope to see you here this year for the Best and the Biggest Fishing in Panama and all of Central America.
By Bret Love
Costa Rica is one of several destinations that appear on both our “World’s Best” and “Needs Improvement” lists.
Though it was heralded as the first country to brand itself as a premier ecotourism destination, Ethical Traveler founder Jeff Greenwald suggests that Costa Rica is still lacking in important ways.
“Corruption is still a big problem there,” he says, “and because of it, Costa Rica is now a hub for child prostitution. Worse, the government prosecutes eco-activists like Paul Watson from
Sea Shepherd, and criminal gangs [of poachers] murder sea turtle conservationists.
Famous chef Gordon Ramsay was forced to flee the country after trying to report on illegal shark-finning.”
Costa Rica News by AM Costa Rica
Trio of thugs ruin life in Costa Rica for Canadian retirees
By the A.M. Costa Rica staff
Robert Gill fought back when bandits invaded his Caribbean property. So the crooks pistol whipped the 75 year old and left him for dead.
His wife, a few yards away, saw the attack and then was confronted by a masked man demanding “Dinero, Dinero” and wielding a knife. She was dumped from a hammock and watched as the crook scooped up money, a computer, a cell phone, a camera and her husband’s wallet.
The two retired Canadians are both in their 70s, and have been splitting the year since 2001 between Costa Rica and the north.
“We leave December 12th, walking away from most of what we own after more than a decade in this beautiful, horrendously perilous country,” said Judy Gill via email Wednesday. “But at least we leave with our lives.”
Their home is in Punta Riel, midway between Cahuita and Puerto Viejo de Talamanca.
She captioned her email “So dies the dream . . . “
Of a potential news story, Mrs. Gill said : “I hope it will warn others who seek to warm arthritic joints in the balmy air here that after dark Costa Rica can only be safely enjoyed behind locked doors and barred windows, and even that is no guarantee.”
As A.M. Costa Rica readers, the Gills know about criminal activity in the country. But their home invasion did not show up on any of the usual police reports to which newspeople have access. That suggests that the incidence of crime is understated.
Expats around Puerto Viejo are sensitive to such news stories because they believe such crimes hurt tourism. There have been several local security efforts.
Mrs. Gill said that her husband on the evening of Nov. 12 stepped outside to fill the household water tank, something he did every night.
“Clearly, they had been watching and waiting because they were hiding in the dark under the house, having gained access over our surrounding fence,” she said of the bandits trio. “As they screamed ‘Matar! Matar’ which translates as ‘Kill! Kill!,’ he fought back. If he had died, this would have been premeditated murder. They overwhelmed him and beat him with a pistol butt until he was unconscious.”
She ended up gagged on a bed as the crooks left. Her husband could not stand or walk well and kept falling. She was unpleasantly surprised to find out that the 911 emergency service did not answer after repeated calls.
Finally the pair made it to a helpful neighbor’s house, and an ambulance later took a bloodied Robert Gill away for treatment.
Why they were targeted still puzzles Mrs. Gill. “We live in a small house, on a small piece of ground, do not own a car, take buses for shopping in local stores and do not flaunt our wealth because we have none to flaunt,” she said. In addition to the electronic items, the bandits got away with two Canadian $20 bills and 110,000 colons, a bit more than $200.
“Gringo apologists would have us believe these men attacked us and stole from us because they are poor and uneducated and can’t find jobs,” said Mrs. Gill, adding:.
“That is not true. Education is free and mandatory in this country. There are jobs tending and harvesting crops for export and local consumption. There are construction jobs, land clearing jobs and many other possibilities for earning honest livings. Those men have chosen to live as predators, and I don’t understand it. I will never understand. Nor will I forget my husband fighting for his life and mine, or forget seeing men in white hoods with only eye-holes, bursting into a place where I felt secure enough to dine, entertain friends, relax and write.”
Mrs. Gill said that she and her husband will miss the howler monkeys, humming birds, trees, flowers, and “the good friends in this Gringoless community who adopted us into their midst.”
The Ritz-Carlton Hotel Company plans to expand its Reserve hotel collection with a resort on Pearl Island, located 45 miles south of Panama City.
The Ritz-Carlton is part of the second phase of a luxury real estate and leisure island development on the barely-inhabited, 3,500-acre Pearl Island, which will eventually include three five-star hotels, a marina and a low-density, high-end residential development.
Developed by Dolphin Capital Investors and Panama-based Grupo Eleta, the first phase of Pearl Island, located on the north-eastern Peninsula Zancadilla, features home sites ranging from 3,000 to 20,000 square meters. Seventy-five percent of the island will remain untouched as a natural reserve.
The project’s landing strip has been completed, according to a company announcement.
The Ritz Carlton Reserve is the sixth planned Reserve property for the chain. The center of the Reserve will feature an open-air resort with 80 guest rooms, and a variety of luxury amenities including a spa, private beach club, three swimming pools, access to a world-class marina, dive and fishing village and equestrian center, the company said.
The Reserve will also include one- and two-story villas with oceanfront views, large guest rooms with private plunge pools and private terraces. During the construction phase of the Reserve, a collection of Ritz-Carlton branded Residences will be available for sale, designed in the same architectural style as the resort.
The Pearl Island Ritz-Carlton location is expected to open in 2016. It joins current Reserve locations in Phulay Bay in Thailand and Dorado Beach in Puerto Rico. Upcoming locations including Molasses Reef in Turks and Caicos, Tamuda Bay, Morocco and Cabos San Lucas, Mexico.
- See more at: http://www.worldpropertyjournal.com/latin-america-vacation-news/ritz-carlton-pearl-island-pearl-island-ritz-carlton-reserve-dolphin-capital-investors-grupo-elata-peninsula-zancadilla-five-star-hotels-7472.php#sthash.qxvRRVxm.dpuf
The likelihood of low-cost regional air travel is on the horizon with the entry into the market of Europe’s very successful Ryanair with Colombian and Mexican partners.
The owners of Mexican Viva Aerobus and Viva Colombia have announced the opening of a holding company in Panama to start operations in Central and South America.
A statement from Irelandia Aviation and the IAMSA Aviation Group, owners of the low-cost airline of Mexico, VivaAerobus and VivaColombia, the Colombian airline, announced their intention to expand the Viva airline brand in Central and South America.
A company statement says Grupo Viva is being established in Panama City as an airline holding company of the multinational carriers. The new company will be responsible for the future development of the Viva brand beyond current operations in Mexico and Colombia, maximizing cost synergies and operating efficiencies across the group, in addition to the centralization of key management functions.
The Viva Group is chaired by Roberto Alcántara Rojas, who is also Chairman of the Board of IAMSA and the VivaAerobus Group.
Irelandia Aviation director and partner, Declan Ryan, will be a lead investor.
Declan Ryan is the founder and Managing Partner of Irelandia Aviation. He is also one of the founders of Ryanair and has held several senior management positions in Ryanair, including CEO and member of Board (1986-2004). He is a Board member of VivaAerobus and Chairman of VivaColombia. Ryan is also founder of the One Foundation in 2004, a major Irish and Vietnamese philanthropic organization.
Tony Davis, currently Partner and COO of Irelandia Aviation, has been appointed CEO. He is responsible for the creation of the corporate structure of the Group and management infrastructure in the next 12 months. He is Chief Operating Officer of Irelandia Aviation with responsibility for portfolio company performance.
He was CEO of Tiger Airways (2005 -2011) and led successful development of company and IPO on Singapore exchange in 2010.
He has over 25 years’ airline management experience, including with British Airways and Gulf Air prior to BMI, Tiger and Irelandia Aviation.
Joe Mohan, former Senior Vice President Commercial of Copa Airlines, has been named president and chief operating officer. He is responsible for the expansion of the regional group coverage and improved cost synergies and operational efficiency of the airline group.
by The Insider 1:20 mins and a few other perverted asshole who used fake pictures
Kara Knightley bared it all for a recent issue of Interview magazine as a personal protest against photo alterations. In an interview with British newspaper The Times, the 29-year-old explained that she demanded the topless photos remain unedited so people could see what she really looked like.
“I’ve had my body manipulated so many different times for so many different reasons, whether it’s paparazzi photographers or for film posters,” she said. “That [shoot] was one of the ones where I said: ‘OK, I’m fine doing the topless shot so long as you don’t make them any bigger or retouch.’ Because it does feel important to say it really doesn’t matter what shape you are.”
Back in 2004, controversy swirled around Knightley’s enhanced depiction in the movie poster for “King Arthur,” and in 2006, she came under fire after Vanity Fair ran an altered picture of a nude Knightley and Scarlett Johansson with a fully clothed Tom Ford on the cover. But today it’s all about fighting the industry standard. Check out the video to hear what else the actress had to say about her untouched topless photos and tune in to “The Insider With Yahoo” on TV tonight for the latest in entertainment news.
The Perils of Living in Costa Rica By Moose
Released: Imam raped, tortured 5-yr-old because he ‘doubted her virginity’
In the eyes of Saudi Arabian jurisprudence, Sheikh Fayhan al-Ghamdi has been released from 13 months in jail and subsequently cleared of his rape, torture and murder conviction against his daughter due to the “blood money” he paid out to his former wife, as reported by the International Business Times (of London, UK) on March 10, 2014.
As previously covered last year by Examiner.com, al-Ghamdi was initially sentenced to pay out $50,000 to his ex-wife per Islamic Sharia Law regarding the savage killing of their daughter, Lama al-Ghamdi, as “blood money” compensation in the death of his child.
However, a Saudi court has sinced imposed an additional 1 million Saudi riyals ($270,000) as additional payment to Lama’s mother. With the payment comes no further possibility of future fines or punishment.
A popular TV preacher in Saudi Arabia, al-Ghamdi suspected his 5-year-old daughter had brought shame upon the family by somehow losing her virginity.
In response, the Sheikh inflicted the following upon his child:
- A broken back.
- Raped multiple times.
- A crushed skull.
- Numerous burns throughout her body.
- A broken left arm.
- Multiple broken ribs.
Al-Ghamdi also admitted in court to using a cane as well as electric cables in the torture/rape of his child. Hospital social worker Randa al-Kaleeb stated the child had been raped “everywhere.” The little girl managed to linger for ten months before finally succumbing to her injuries.
THE PANAMA insurance market is strengthening preventive measures in order to get the country removed from the “gray list” of the International Financial Action Group.
The latest measure taken by the Superintendent of Insurance and Reinsurance was hosting the forum ‘Measures for the Prevention of Money Laundering and Combating the Financing of Terrorism in the Insurance Sector’ in which issues were addressed related to the prevention of money laundering and risk management in the sector.
Katherine Arjona, deputy director of the Insurance and Reinsurance Regulator of Panama, told Capital.com.pathat “… The Superintendency has been actively involved with local and international organizations in order to create the legal and structural platform to establish actions necessary for the prevention of all types of financial crimes, to enable the country to get off grey lists which currently cloud the image of Panama as an International Financial Centre. “
The Superintendent, Luis Della Togna said that “… There is no doubt that the insurance industry depends on an effective monitoring process based primarily on an analysis of financial statements, audits and continuous monitoring of suspicious transactions.”
PANAMA is still identified as a “high risk” area for money laundering and remaining on the grey list presents a threat to the competitiveness of the banking and financial center. The news comes from the Superintendency of Banks which says that removing the country from the list will be more complex than expected, as not all sectors see it as a priority issue for the economy.
Panama needs to improve legislation and controls in the financial system in order to achieve compliance with the recommendations made by the Financial Action Task Force (FATF).
In assessing compliance with FATF’s 49 recommendations, made in October 2012, Panama has failed to meet 19 of them, completely complied with 3, and partially complied with 26. Reports Capital.com.pa
Alberto Diamond, chief of the Superintendency, said “the gray list affects the perception of our reputation, constituting a threat to the competitiveness of the banking and financial center.” According to the regulator, a major financial center never appears on discriminatory lists and currently ‘we are identified as a country at high risk of money laundering.”
By Jack Miller in Panama at email@example.com