Price reduction.The Hotel Palma Royale is for sale in Bocas Del Toro, Panama. The up scale Hotel is located 10 meters from the sea at a great, quiet location on Main Street, Bocas Town, Isla Colon. It is next to the Super Gourmet Deli and Market which is popular with the hotel guests.
Registered as Titled property—-Finca #8018 Lot size 397m2, the hotel enjoys Law #8 in a tourist zone. No property taxes, no income taxes.
See our web page at: www.palmaroyale.com
Reviews on Trip Advisor: https://goo.gl/Bl0epZ
Masterfully crafted and built to American standards. Resting on 36 inch caissons embedded into 15 feet of bedrock supported by solid steel I beam construction. Each floor is independently poured slab construction. Steel reinforced 6 inch 2500 PSI concrete. All perimeter walls are wood framed in pressure treated 2×6 pine framing. Roof is in concrete fiber board with simulated Spanish style. All water for Hotel is sourced from rain collected from the roof and city water. There is a 7500 gallon cistern built directly into the foundation with complete filtration, UV light, and reverse osmosis system. – 3 exterior (3000 or 5000) auxiliary rain collection tanks. All guests are supplied with purified rain water. Hotel is sided with James Hardy fiberboard siding. Will never rot or warp. All doors and wood finishes are sourced from locally grown red cedar and hand crafted by local artisans.
All bathrooms are tiled from floor to ceiling in travertine marble or cut corral. All exterior windows and doors are German made double paned of the highest quality. All exterior tile is slip-proof slate. All flooring, including all balconies are of bamboo, travertine marble or corral. Fully equipped restaurant and bar. Large work/storage area in rear. 15 rooms: 10 suites, 4 standard rooms, 1 penthouse. Both sides of the Hotel are beautifully landscaped. This is a premier Hotel that caters to an upscale crowd. Here is an opportunity to own a successful long term tourist business. Financials are available to qualified buyers. Take advantage of a $200k price reduction, making this a very good deal.