Palacio Del Mar Panama

5 Star Condo Hotel & Luxury Six Diamond Resort

Palacio Del Mar is perfectly nestled in the idyllic beauty of Bocas Del Toro, Palacio Del Mar is a tranquil retreat in nature, a vibrant realm for relaxation, a paradise within a paradise. Embraced by pristine sands, clear Caribbean water, and the island’s natural beauty, Palacio Del Mar offers a living experience like no other. Inspired by the rainforest environs, two exceptional residential enclaves boast breathtaking views of either the Almirante Bay or the magnificent Caribbean.

At Palacio Del Mar, you will unwind in exquisitely designed residences marked with gracious terraces overlooking the sea. With signature amenities that include a private spa, beach and yacht club, Palacio Del Mar introduces an elevated standard of service and luxury to the Caribbean. Discover Palacio Del Mar, one of the world’s most unique places to call home.

Whether you live on the bay or the beach, you have access to everything. Owners can revel in gracious sun-strewn spaces, swim in luminous clear waters, dine on exotic cuisine, meander through the glorious grounds and indulge in the many extraordinary services of the spa, beach and yacht club. Enjoy the relaxing ambience of the pool and natural surroundings of these unique residences at Palacio Del Mar.

What is a Condo Hotel?

A true Condo Hotel is a fully serviced Hotel where the individual units are owned by individuals. The Hotel then invites these owners to place the units into a rental program whereby the guests have access to the room and can use the facilities of the Hotel. The profits from the rentals are then shared between the Private owners of the apartments and the Hotel Owner. The operation is normally operated by a professional Hotel management company.

The Hotel can be “Flagged” under a franchise i.e. Best Western, Hilton, Preferred Hotels, etc. This is done to attract more rental income to the hotel.

The individual owners normally have access to the units for there own private use a courtesy call to the operator ahead of a visit is always advisable to ensure your unit is not booked.

Owners should understand that they are buying a property that is designed foremost as a hotel unit and should be furnished as per the standard of the hotel. In most cases the Hotel specifies that style and type of furniture that needs to be used in the property.

Palacio Del Mar is ideal for those owners who want the best rental returns from the property but do not want to be involved in the day to day running of a vacation property or 2nd home.

The actual terms and condition for the rental program can vary but the general idea will still be the same.

The popularity of Condo Hotels is increasing as owners understand the benefits of purchasing a property that is operated and managed by a professional company allowing the owner more time to enjoy these vacation time and less time spent worrying about there guests and rentals.

Condo Hotels are not Timeshare which has been the misconception for a number of years. An owner takes full Title for the unit then takes the opportunity to place there unit in the hotel rental program thus taking full advantage of there property through a strong rental program.

Remember a true condo hotel should be a hotel first and, some developers have tried to sell apartment residential blocks by calling it a condo hotel and brining in a private rental company to deal with the bookings, this is not the same. A Condo Hotel should be able to operate without the need for individual ownership to cover the running costs.

If you would like to obtain more information on the Condo Hotel concept at Palacio Del Mar please feel free to contact me and I will be more than happy to explain why the Condo Hotel is a great investment option available to people looking for not only a 2nd home in a great location but also takes away the worries of finding rentals and having to deal with a private management company.

Please also ask about our fly and buy tours at Palacio Del Mar and that we will cover your costs for your flights and accommodation should you decide to purchase with us.

Palacio Del Mar Panama - Fly and Buy Tours

Tour Schedules Available

# 1001 Sunday, Aug 10th-Aug 13th
# 1002 Sunday, Aug 24th-Aug 27th
# 1003 Sunday, Sept 14th-Sept 17th
# 1004 Sunday, Aug 24th-Sept 27th

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	Mortgages We are working with a select mortgage Brokers who are experienced in dealing with both Condo Hotels and overseas buyers. Typically mortgages are available in Panama for up to 70% of the value of the property Management Split To be announced. Construction time 18 months from building permit being issued for the block that the unit is located which currently set for the last Quarter of 2008 Deposits 10% at signing 10% at 90 days and 10% at 6 months after the date of execution of the sales contract.