Location: Panama
Company: Private Listings
Price: USD $ 207,000

Orchid Panama

The Orchid Condo Hotel will be a four-star luxury condo hotel located in the heart of the financial district surrounded by banks, stores, restaurants, nightlife, and more. All major transport links in Panama City converge on this central zone.

THE ORCHID CONCEPT

Fueled by an abundance of lifestyle resources, found nowhere else in Latin Amercia, The Orchid will ba a porperty dedicated to create a total experience for individuals, vacationing families and business organizations from around the world.

The Orchid Condo Hotel will be a four-star luxury condo hotel located in the heart of the financial district surrounded by banks, stores, restaurants, nightlife, and more. All major transport links in Panama City converge on this central zone.

In addition to five-star services like room service, concierge, 24-hour security, guests and owners will enjoy full amenities including: 

• Lobby lounge, café and restaurant
• An exclusive health club with spa, swimming pool, Jacuzzi and fitness center
• Fully-equipped business center
• Meeting rooms
• Book & newspaper shop
• Underground parking garage and more.

Apartment facilities:

• Selected one bedroom apartments have their own Private meeting room
• Fully Furnished Residences with Contemporary and luxury Interior Design
• Kitchen Ready
• Fast Access Internet Connection
• Telephone & Fax Services
• Plasma TV & Cable TV
• Central Air Conditioning System
• Valet Service

AMENITIES:

Business Complex: The Orchid brings one of the most sophisticated and functional business spaces in Panama. With two complete levels with technologically advanced meeting rooms and large board rooms, everything you need, with highly qualified staff, is included.
We certainly Focus on innovations, making executive meetings a successfull experience.

Spa at The Orchid: The Orchid offers you the most exclusive Spa services in Panama, like lap pool, saunas, gym, showers, and in-room massages, wtih the highest standards of luxury, and products for wellness and pampering,

Eating at The Orchid: Whatever the occasion, our bar and restaurant gives you enormous choice, excelent quality and friendly service.

Our Suites: Each one bedroom suite will have the highest comfort to accommodate your constant needs. With state of the art furnishings, confortamble duvets and non allergenic pillows together with our ovesize beds, offer one of the best night's sleep you can have. We will also feature two bedroom suites for traveling executives and their families.
All the amenities that you would expect are here: units feature electronic locks, electronic safe, computer and data port plug-in, high-speed wireless internet acces, electronic phone and messaging system, 32" plasma flat screen television, DVD player and a desk large enough to work with a laptop while reading at the same time.

Exceptionally high projected rental yields
Under the condo hotel scheme at The Orchid, investors will benefit from a 67% share of the rates at which their apartment is rented out.

Working on an average occupancy rate of 60% across the year at an average nightly rate of $175 per night gives a total rental yield of $38,325.

Subtracting the service fees and management charges leaves your net income at $22,083.

This equates to a 12.3% net yield on a 1 bed executive apartment worth $180,000.

The above figures are very conservative. Many of the best hotels in Panama run at occupancy rates in the high 80’s and charge a lot more than $175 per night for a similar quality room.

The Bristol hotel is on the same road as the Orchid and reagularly runs at near 100% occupancy with room rates in the region of $200 per night .

When you also build in projected growth in room rates between now and cmpletion in 2009, it is clear that rental yields have the potential to grow way beyond the 12.3% quoted above.

Price in £: 103.500
Price in €: 138,000
Under Construction
Bedrooms: 1-2-3
Bathrooms: 1-3
Sq Ft: 60 Sq Meters
Location: City