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Gatan Hotel Condominium
Colon, Panama
Location
Calle Blathford edificio 216 Jose Domingo Espinar
Colon, Panama
This property is currently under construction and is expected to be completed Dec 2007. It is a brand new Condo/Hotel with a prime location. With this unique development you can acquire a turn-key operation with Franchise requirements that are sure to accommodate the highest standards.
This Condo/Hotel is located in the area of Espinar Colon, 500 meter from the 5-star Hotel Resort; Melia Panama Canal. It is just 10 minutes from Zona Libre Colon, the 2nd largest Free Zone Area in the world. This Free Zone area has estimated sales of 11 billion dollars a year bringing along with it, 275,000 visitor/buyers per year.
The potential of this property is beyond belief. The NEW expansion of the Panama Canal was approved as of the end of October 2006. The location of this amazing property is just 7 km. from the Gatún Locks on the Atlantic Side. When the 3rd set of locks begins construction the Panamanian government is expecting more than 2,000 off-shore personnel that will arrive to this area for a period of 7 to 8 years. In turn this will benefit you, the investor, with almost assured monthly and yearly rentals, to engineers and supervisors that will need accommodations, from the trans-national companies
In the last Cruise season, the Port of Cristobal and the Port of Colon 2000 received more than 340,000 tourists. This is an amazing number but is expected to increase this year, and even more, when the final approval to make Panama a home port for major cruise lines goes through. Why the information? Well, The Condo/Hotel is located 10 minutes from those ports. Also, the condo/hotel is located 1/2 mile from the Gatún Lake that up to recently was the largest man-made lake in the world with abundant Bass fishing.
This property is in the Old Fort Gullick or Escuela de Las Americas, an American Military Base.
We are also in the bird watching path for migratory birds and great Eco tourism
Tourist Attractions are many but just to name a few:
Fuerte San Lorenzo,
Fuerte Portobello,
Panama Canal Gatún Locks,
Isla Grande (a surfer's paradise) and many Caribbean white-sand beaches.
Units
Small Studio - 24 m2 - $ 48,000 - 38 units available
Studio Kitchenette - 29 m2 - $ 58,000 - 64 units available
1 bedroom - 46 m2- $ 92,000 - 20 units available
Master bedroom - 54 m2 - $108,000 - 19 units available
* All with kitchen
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