Waldorf Astoria Will Develop Hotel in Panama
It will become the first Waldorf Astoria hotel in Latin America; it is scheduled to open in the second half of 2011.
Thursday, May 13, 2010
“The Panamera”, as it will be known, will be administered by Hilton Worldwide using the Waldorf Astoria brand.
The building located on the Panama Bay is 70 stories high and will be the largest hotel in Latin America.
Hotel chain Hyatt will administer two hotels that will be built in the banking district and the Eastern coastline.
Orient-Express Hotels and The Related Group have formed an alliance to develop projects in Panama.
Construction of the luxury hotel is estimated at $40 million and it will begin in June of this year, with an estimated completion in 2010.
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