Fully Renovated, Full-Service Hotel Asset

• The hotel benefits from its excellent condition of guestrooms, public areas, and amenities, and is positioned to compete at the upper-upscale/luxury level within Panama City.

• Given the condition of the property, new ownership is expected to benefit from limited near-term capital expenditure requirements.

Expanding Panama City Market

• Panama maintains strong investment-grade characteristics relative to the region, supported by international banking, trade, logistics, and canal-related revenues, providing consistent year-round corporate lodging demand.

• Panama City continues to serve as a strategic gateway between North and South America, driving sustained corporate and leisure visitation.

• Panama City’s growing appeal as an international leisure destination, with attractions such as Multiplaza Panamá (shopping mall), the historic Casco Viejo district, and the Panama Canal, draws significant visitor traffic, while Tocumen International Airport (PTY), one of Latin America’s primary aviation hubs, provides strong international connectivity supporting continued tourism growth.

Strong Location Within Premier Mixed-Use Complex

• The property is strategically located in the heart of Obarrio, Panama City’s premier banking and commercial district, surrounded by multinational corporations, financial institutions, and embassies.

• The hotel is integrated within the prestigious Sortis mixed-use development, which includes luxury branded residences, Class A office space, high-end retail, restaurants, and a full-service casino, creating a built-in, diversified demand base. 

Significant Operational Upside Through Active Asset Management

• Improving market dynamics could result in growing base of business and leisure demand.

• Enhanced revenue-management strategies could result in improved segmentation mix (corporate, group, leisure, and casino-related demand), and complementary sales execution could materially improve RevPAR penetration and NOI flow-through.

• Opportunities exist to further leverage the casino, spa, food-and-beverage (F&B) outlets, and meeting space to increase ancillary revenue capture and total revenue per available room (TRevPAR).

• The hotel is affiliated with Marriott International, as an Autograph Collection.

• The hotel asset is being offered unencumbered by a long-term management agreement, providing new ownership with maximum flexibility to implement their preferred operational platform and brand strategy.

Diversified Revenue Streams, Including Sortis Casino

• The hotel benefits from multiple revenue centers, including spa operations, casino operations, multiple F&B outlets, meeting and event space, and mixed-use foot traffic.

• The Sortis Casino is a full-service gaming operation featuring approximately 30 table games and 80 slot machines, making it one of the most prominent casino facilities in Panama City.

• This diversified revenue complements revenue from transient room demand and supports more consistent total revenue generation and cash-flow performance across different market segments and cycles.