Grace Hotels announces Panama luxury boutique project

PANAMA CITY, PANAMA Athens-based luxury boutique operator Grace Hotels Group announces its third project in the Americas and first in Central America, Grace Panama.

The new hotel is being created in partnership with F&F Properties, the real estate developer responsible for some of the most striking and prestigious properties on the Panama City skyline. The 60-key Grace Panama will occupy the ground floor plus five upper floors of F&F’s dramatic Twist Tower office and hotel development, currently under construction in the exclusive Obarrio residential and commercial district, just minutes from Panama City’s financial center.

The hotel, slated to open in 2012, will also feature a fine dining restaurant and bar at ground level, a 12th-floor business center with three boardrooms, plus a bistro and health club with outdoor pool offering spectacular views of the city.

“From a very early stage of planning we envisaged a luxury boutique hotel as an integral part of Twist Tower,” says F&F President and CEO Saul Faskha. “The Grace Hotels Group offers a very distinctive personality that we regard as perfect for the modern discerning traveler. Meanwhile, the group’s industry recognition and awards speak for themselves.”

The launch of Grace Panama follows the recent announcement of the company’s first hotel development in South America, Grace Cafayate, Argentina, and its acquisition earlier this month of the historic Vanderbilt Hall in Rhode Island. Grace Hotels is owned by the Libra Group, a private global conglomerate with extensive interests in Central and South America.