Trump Ocean Club International Hoetl & Tower, located in Punta Pacifica.
Condohotel Studio Unit with approximate 543 sq.ft
The Trump Ocean Club Hotel Condominium will be managed and administer by Trump International Hotel. A perfect place, designed with the latest technology, to relax and enjoy a season at your convenience, with all the luxury and comfort an exclusive hotel has to offer.
All units include air conditioning and terrace and all the rooms have spectacular views to the ocean.
Property Description:
A luxury Ocean front condo hotel located on the pacific coast less the one hour from Panama City. You are only a few minutes from Coronado corner where there are two major supermarkets, restaurants, and numerous other services, along with a first medical clinic.
This project features 25 luxury ocean front units. With the roof top social area you will be able to see the ocean for miles which is in front of the building. The 60 foot infinity pool and restaurant and bar are also located on the roof.
This is an excellent opportunity for the investor to earn rental income while your investment grows. The size of the units range from 33.73 to 92.25 and the pricing from $79,000. The developer is projecting a 28.50% return on your investment.
Amenities:
24 hour Manned Security
Swimming Pool
Sundeck
Workout Facility
Visitor´s Parking
Concierge Service
Jacuzzi
Barbeque Area
Events / Party Room
Roof Top Patio
Beach
Hamac Area
Bar
High Speed Internet
Gazebo
Restaurant in development
Balboa Avenue is one of Panama´s most scenic and elegant areas of the Capital City. Its gorgeous views of the Bay of Panama, Casco Viejo (historic district of Panama) and Panama City skyline are unparalleled.
Not only is the area of Avenida Balboa distinctive, but it is also very convenient as there are malls, hotels, parks, monuments, banks, restaurants and a huge variety of other amenities within walking distance.
230mts2 Ocean View
2 Bedrooms, 3 Bathrooms, 2 parking, social area
The price includes everything that is in the apartment.
The apartment has spectacular and indestructible ocean views. The apartment comes completely furnished with unique pieces of luxury.
New hotel, centrally located in Paitilla with casino!
• This hotel will house 324 rooms: Standard, Junior Suite, Master Suite, Super Suite (2 rooms – one with one bed and one with 2 beds can be locked off and sold as 2 rooms)
• Cost of all suites is 136,000 which affords the buyer shares and all will have the 20 year property tax exemption
• Net profit after the 10% tourist tax at 120/night = 50% of 26,280 or 13,140
• Profits will be paid quarterly
• The shares = partnership in the hotel, not just the purchase of a room
• Projected incomes on this investment to follow.
• Payment plan:
1. 15,000 deposit to escrow at 2-4% interest rate
2. 15,000 due on the first day of construction
3. 15,000 due 6 months after the start of construction
4. 15,000 due when the structure is completed
5. 15,000 due 6 months after the structure is completed
6. 15,000 due on closing and furnishing of the units
7. 43,000 balance due at completion – 2-2.5 years
8. If a buyer pays the total amount up front, a 10% discount will apply and no interest will be paid.
Note: Payments after the initial payment will earn 6% and all payments will remain in the Bank until 150 units are sold (no risk)
• The top floor will house 3 apartments – 1 for the casino or an investor / 1 for the founders / 1 for the hotel GM
• Owners can use the apartment one week/year at 50% of the cost per night or at the lowest rate.
• Administration company is signed – Bronix will take 4% of the gross profit and 4-12% of net profit depending on income
The construction of this hotel is based on upcoming demand:
1. 12,000 new beds will be required by 2012 and there are now just 5000 in the pipeline
2. The new law that allows companies doing over 200M to bring profits from subsidiaries located outside Panama tax-free. Panama is the only country in the world that allows this.
3. Ciudad del Saber (City of Knowledge) has attracted many companies with the tax benefits of locating there
4. Royal Caribbean (who homeports in Panama) is now allowing trips to be booked through 2012. Princess Cruises has requested and additional 48 stops in Panama.
5. Panama does not require a US Passport for cruise passengers to take tours in Panama.
6. The Canal in one year will require 2000 additional workers and eventually will attract new marine companies when completed.
Rising up over Latin America’s most dynamic city, it represents the ultimate expression of architectural originality, incorporating the most advanced technological innovations and design elements.
Located in the Punta Pacifica peninsula, Trump Ocean Club, International Hotel & Tower is a mixed-use project that allows you the opportunity to live, work and play all under one roof.
This great tourist, residential and hotel complex of more than 2.6 million sq. ft. will be built in the strategic and most exclusive area of Punta Pacifica in Panama City where it is destined to become a world-class landmark and an icon.
The apartment is a 1,648sqft (153m2) with 2 bedrooms, 2.5 bathrooms, living room, dinning room with a balcony, marble floors, granite tops in kitchen and bathrooms.
The Amenities
• 24-hour medical service
• 24-hour security
• 24-hour valet
• Auto rentals
• Balconies
• Bar
• Boutiques & shops
• Business center
• Chauffeur-driven limousine service
• Concierge
• Designer fixtures
• Eight gourmet restaurants
• European cabinetry
• Exclusive private club on Contadora Island
• Granite countertops
• International Casino
• Jacuzzi
• Laundry and cleaning services
• Majestic sea view from all units
• Marble flooring
• Pool
• Shuttle bus service to shopping or airport
• Social area
• State-of-the-art fitness center
• World-class spa and wellness center
Three hotel condo units available (completion Mar 09):
Building C 120 m2 - 2BR / 2BA $312,000 ($2600/m2)
Building D 123 m2 - 2BR / 2BA $319,800 ($2600/m2)
Building K 88 m2 - 1BR / 1BA $235,700 ($2678.40/m2)
Pricing does not include the furnishings packages:
C units $17,000
D units $16,500
B units $14,000
The lock out rental program provides owners with the opportunity to place the 2nd bedroom into the hotel rental program for 11 months of the year, entitling the owner of the 2nd BR to share the hotel's revenue from 8% and up. The remaining BR and living room may also be placed into the rental program for increased income.
Each unit features a luxurious kitchenette with granite countertops , stainless steel double door refrigerator, microwave, dishwasher and stove.
A/C is centralized with a regulator in each unit for individualized comfort.
Porcelanate flooring tiles in the living and dining areas, balcony and terrace
Bamboo floors in the bedrooms
Floor to ceiling glass windows allowing unobstructed views fo the Pacific Ocean
This condo hotel, near completion (Mar 2009), and well located for access to Corredur Norte - the Panama Canal, will definitely be a very popular hotel for those doing business with any Canal-related business, with easy access to the expansion site at Miraflores, the new US Embassy, the regional HQ for the U.N.and to downtown Panama City without the hassles of the traffic and congestion. The location also accessible to Tocumen Int'l airport, the National Metropolitan Park, and is adjacent to the upscale shopping center, Camino de Las Cruces. It is an ideal location to meet the increasing demand for hotel space in the City--hotel occupancy has been at 80-90% occupancy in all of Panama's high and mid-range hotels. Demand is ever incresing as such name brands as Proctor & Gamble, Dell, 3M, Caterpillar, and Nabisco all have regional HQ located in Panama. Royal Caribbean will begin in Dec 2008, using Panama as a cruise ship embarkation point.
The project has been sold out for a year.
The hotel will be managed by the Callen Group (www.hidevelopment.com), who currently manage high quality hotel chains such as Hilton and Crowne Plaza world-wide, therefore a completely hassle free investment. The management group will provide owners with audited annual statements.
Room rates are expected to be in the vicinity of $180/night, providing potential rental returns of approximately 20%. Its only true competitor in the area is the Country Inn & Suites in El Dorado.
The rooms are large with large balconies and full kitchenettes, providing business and leisure travelers with the comforts of home with the amenities of a hotel.
Central Park Inn & Suites will offer 4 star service and amenities - high end bar and lounge, fully equipped business center, concierge service, gym and fitness center, spa, pool, and restaurant. Full shopping and additional restaurants are located adjacent in the Camino Del Cruces shopping center.
There are eight units per floor - 116m2 units to be rented as suites that can be locked off and rented as two separate rooms of 58m2 (624 sq ft) with private balconies and high end furnishings and finishes.
Comparable units (60m2) in Trump Tower = $400,000 and in Nikki Beach = $300,000 and in Megapolis (unit wo kitchenette) is $200,000. In this price of 260,000, it actually is TWO LOCK-OUT SUITES OF 58M2, each with kitchenette.
The rental income is 70% to the owner, and a low admin. fee of 4%. Most comparable programs offer a 60/40 split AFTER the operator deducts the maintence fee and operating cost which transcends into approx. 20% to the owner.
NO PROPERTY TAX FOR 20 YEARS AND RENTAL RETURNS ARE income TAX FREE.
The units are on the 14th floor.
Yes, books will be open.
Each unit (approx 112 sq m) divides into 2 hotel rooms
