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Sep 8, 2018Price Reduction: Luxury Hotel in Bocas del Toro, Panama

Motivated Seller!

$1,650,000

Property Location: The Hotel Palm Royale, 1st Street Isla Colon, Bocas del Toro, PA-BO 00000

The beautiful Hotel Palma Royale is for sale. Located only 10 meters from the sea at a great, quiet location on Main Street, Bocas Town, Isla Colon, the hotel enjoys Law #8 in a tourist zone with no property taxes and no income taxes. The owners spent $2.6M on the lot and construction and they are ready to sell! This masterfully-crafted hotel is built to American standards with gorgeous features. The hotel is ranked as the #3 Hotel in Bocas Del Toro and ranked as a 2018 TripAdvisor Traveler’s Choice Award! Make this amazing business opportunity your next business venture!

15 Total Rooms Include:
• 10 suites
• 4 standard rooms
• 1 penthouse

Plus, an amazing Italian restaurant is currently leasing space!

• 2017: $432,250.84
• 2016: $432,772.58
• 2015: $451,642.20
• 2014: $507,179.05
• 2013: $527,869.42
• 2012: $571,388.50

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