90mts2 Excellent view of the city (1 bedroom, 1.5 bathroom, gym & spa, social area, 1 parking lot, security 24/7)
This executive suite is located in the heart of Panamas Financial District, close to all the mayor banks and a variety of international restaurants.
With a yielding rental program in place and owners incentives for complimentary accommodations this is a not to be missed opportunity.
Charming ocean front, 1 bedroom condo located at Coronado Bay, 105sqmt/1128sqft of living space, master bedroom with bathroom, walk in closet, a guest bathroom, living room, dining room, open kitchen, laundry area, balcony, one covered parking space, importe ceramic tiles and granite countertops, 9 foot ceilings, cable tv, gas and water included in maintenance, 24 hour security.
Enjoy the magnificent ocean and mountanis views in a gated community.
Coronado Beach is one of the most exclisive beach communities in Panama and offer 18 Hole Golf Course, Equestrian Club, Major Grocery Stores, Private Clinic, Restaurants, Banks, Gas Station and much more.
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.
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
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