Cristal Tower

Cristal Tower is a tourist, residential, hotel offices and commercial Mega-Project with 2 buildings: the first, in the front land is constituted of a tower that assambles parking in its basements, the first two floors are for commercial use. The following 5 floors are for offices compatible with casino and the rest of the tower is for residential use; the second building, in the back land, is for hotel use with parking, restaurants, 300 hotel rooms, swimming pool, spa ad gimnasium.

The plots are placed at the corner of Balboa Avenue and Anastacio Ruiz Noriega street and Calle B (Discotheque Next and Cafeteria Cafe y Cafe). Corregimiento de Bella Vista, Province of Panama, Republic of Panama.


CURRENT SITUATION
OF THE HOTEL INDUSTRY
Due to the economic growth arisen
from the investments in the
extension of the Panama Canal, the
hotel facilities have an occupation
near to 100 %, with many difficulties
to obtain hotel occupation
throughout all the year round,
fundamentally in the sector of
business tourism. As consequence, the
tariffs are having growths superior
to 10% per year.
The current situation of hotel’s
industry in Panama generates
important opportunities of
investment in this area.

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