Tourism – 22 Hotels Under Construction in Panama
June 10, 2009 by ursula
Filed under Hotels and Travel
Twenty-two hotel projects, with an investment of more than 569.2 million dollars, are currently being built in the country, according to reports provided by the Tourism Authority of Panama.
These projects are listed on the National Register of Tourism and enjoy the tax incentives granted by law 58 which expired December 28, 2006, which amended a section of the Act 8 of 1994.
Twelve of these projects are located in the heart of the capital city (for a total of 424.1 million dollars), two in the area of Amador (for $ 22 million) and three in the Casco Antiguo (by 65.1 million dollars) .
In the area of Farallon, Cocle Province, two projects are being developed with an investment of 46.2 million dollars, while in the city of David, Chiriqui, other tourist infrastructure is built at a cost of 8.5 million dollars and two in Santiago de Veraguas, worth 3.3 million dollars.
These projects provide accommodation over 4 thousand 816 rooms to the existing offerings, which until last year was 16 thousand 843 rooms across the country.
The Ritz Plaza Suites, Le Meridien, Trump Ocean, Casco Viejo, Central, Founder The I and II, Breezes Panama, Mikonos and David are part of these hotel projects being built and it is estimated that some of them are ready at the end of this year.
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