{"id":768,"date":"2010-04-27T11:19:04","date_gmt":"2010-04-27T16:19:04","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=768"},"modified":"2010-05-12T13:42:44","modified_gmt":"2010-05-12T18:42:44","slug":"casco-viejo-the-old-city-in-panama","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/casco-viejo-the-old-city-in-panama\/","title":{"rendered":"Casco Viejo, The Old City in Panama"},"content":{"rendered":"

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Hotel Casco Antiguo\u00a0<\/h1>\n

Landmark Hotel Investment Opportunity<\/h2>\n
A few weeks ago\u00a0when I visited Panama City, I stayed at a\u00a0friend\u00a0of mines hotel in Casco Viejo or the Old City as it is known. \u00a0WOW, what an experience staying in this part of Panama where the first pioneers who used the Panama Canal stayed. \u00a0I had the top floor suite with a walk out patio that looked out over the Pacific and back to the City. \u00a0As I walked through the halls at night and down the stairs towards the lobby, I looked out over a second level terrace to the lobby below and I had chills running\u00a0down\u00a0my back. It was like standing in the Haunted Mansion back in Disney watching the ghosts dancing and dining below. \u00a0The history was strong in this place and at work in my mind. \u00a0Dinner parties with fine dining and the who’s who of the day visiting and enjoying festivities of a\u00a0bygone\u00a0era.<\/div>\n
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We are truly pleased to offer this investment opportunity to\u00a0\u00a0private investors\u00a0who wish to capitalize on the growth in this market segment.\u00a0\u00a0This area is like South Beach is to Miami and although there were those who thought that it was crazy to invest back in the days after Miami Vice, there are a lot of crazy rich people who did!<\/div>\n
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Hotel Casco Antiguo is an investment opportunity in the historic and quaint Casco Viejo district of Panama. The landmark\u00a0Hotel Colon will be completely restored and operated as a design hotel with 23 rooms in phase 1A; 9 more rooms in\u00a0phase 1B; and 40 new rooms built in phase 2 for a total of 72 rooms and suites. The target market will be sophisticated\u00a0worldwide business and leisure travelers looking for exciting and interesting accommodations. The restoration will start\u00a0within 6 months and be completed in 14-16 months. A passionate and experienced management team and a group of\u00a0local architects and engineers will manage the quality, costs, and time of completion. A seasoned hotel and restaurant\u00a0management team will supervise the marketing, sales and operations.\u00a0 The owners have already invested over $3 million and 4 years of hard work on the project.<\/div>\n
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Hotel Casco Antiguo will build on the history and style of the original Hotel Corco, later called the Hotel Colon, while adding\u00a0modern conveniences and providing impeccable amenities and services. This is a timely opportunity to invest in a hotel\u00a0with low operating costs in a booming real estate market.\u00a0Built in 1915, the hotel is a landmark in the Casco Viejo or \u201cOld City\u201d. This rich historic center, included on UNESCO\u2019s World\u00a0Heritage Site List, was built around 1673 by the Spanish Garrison, the Catholic Church and other settlers. A major effort is\u00a0currently underway to restore the district\u2019s architecture and culture to reflect its 17th century roots. Most of the buildings\u00a0represent a Spanish Colonial style reminiscent of the days prior to the founding of the Republic of Panama. Most recently,\u00a0the Casco Viejo has been recognized as the embodiment of the very fabric of the country\u2019s history. Once restored to its\u00a0former grandeur, Panama City\u2019s Casco Viejo will number among such world-renowned historic districts as Old San Juan in\u00a0Puerto Rico, Cartagena de Indias in Colombia, and South Beach in Miami, Florida.\u00a0The hotel is located within the Casco Viejo district at Calle B & Calle 12, number 755, San Felipe, Republic of Panama.<\/div>\n
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Please contact us if you would like to see an offering memo on this opportunity.\u00a0\u00a0<\/div>\n
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IMPORTANT LEGAL NOTICE<\/strong><\/p>\n

All prospective investors should determine whether an investment in the shares of Hotel Casco Antiguo (the \u201cCompany\u201d) is appropriate.\u00a0 No offer is being made hereby to any person whose participation as an offeree would preclude Hotel Casco Antiguo from qualifying for an exemption from the registration requirements under Decree Law 1 of 8th<\/sup> July 1999, as amended (the \u201cPanamanian Securities Law\u201d) or any other foreign securities law. The shares are being offered hereby pursuant to specific exemptions provided by article 83 of the Panamanian Securities Law.<\/p>\n

The Company hereby declares and acknowledges that it will comply with the private placement exemption provided by section 2 of article 83 of the Panamanian Securities Law and, in particular, that it will not, under any circumstances, make an offer of shares to more than 25 persons domiciled in the Republic of Panama, which result in the sale of shares to more than 10 persons domiciled in the Republic of Panama, within a period of one year.<\/p>\n<\/div>\n

Very truly yours,<\/div>\n
Tom Brymer, President<\/div>\n
tbrymer@brymerpa.com\u00a0<\/div>\n
305-448-1003<\/div>\n
507-6810-1074<\/div>\n
Panama Advisory International Group<\/div>\n
http:\/\/www.panamaadvisorygroup.com<\/a><\/div>\n<\/div>\n
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Hotel Casco Antiguo\u00a0 Landmark Hotel Investment Opportunity A few weeks ago\u00a0when I visited Panama City, I stayed at<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[16,18,19,14,11,6,20,7,15,17],"class_list":["post-768","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-estate-planning","tag-foundations","tag-investments-in-panama","tag-legal-issues","tag-offshore-real-estate","tag-panama","tag-panama-economics","tag-panama-real-estate","tag-tax-issues","tag-trusts"],"yoast_head":"\nCasco Viejo, The Old City in Panama - Blog and Newsletter<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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