What are condo hotels and why is it becoming popular in Panama?
A. The condo hotel concept has been rapidly gaining acceptance all over the world. Panama has joined in by planning to build several outstanding condo hotel resorts. The condo hotels are four- or five-star resorts offering fantastic amenities like full-service spas, fine-dining restaurants, pools, concierge services and more. These vacation homes are ideally suited for international people buying a second home because owners can use their condo hotel unit when they want. When they’re not in residence, their condo can be placed in the hotel’s rental program, and they will receive a share of the revenue it generates. Plus, the hotel takes care of cleaning and maintaining the property, operating its many amenities, and promoting it to attract hotel guests. It is hassle-free second home ownership at its best.
A. The condo hotel concept has been rapidly gaining acceptance all over the world. Panama has joined in by planning to build several outstanding condo hotel resorts. The condo hotels are four- or five-star resorts offering fantastic amenities like full-service spas, fine-dining restaurants, pools, concierge services and more. These vacation homes are ideally suited for international people buying a second home because owners can use their condo hotel unit when they want. When they’re not in residence, their condo can be placed in the hotel’s rental program, and they will receive a share of the revenue it generates. Plus, the hotel takes care of cleaning and maintaining the property, operating its many amenities, and promoting it to attract hotel guests. It is hassle-free second home ownership at its best. Q. Are Panama condo hotels appropriate for retirees? A. Yes, they’re an excellent solution for retirees who may want to spend a few weeks or months a year in a warm climate and a reso
