Ritz Carlton is coming to Panama’s Pearl Islands
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The Ritz-Carlton hotel chain formally announced their commitment to an ultra-luxury, 80 villa private island project off the Pacific coast of Panama.
Phase one should be completed by 2016, and will include a 129 hectare nature reserve, as well as a private landing strip and boat marina. We have observed actual development of the island project since 2007, and according to our sources, over $25 million has already been invested.
Worldwide, Ritz-Carlton operates five of these types of ultra-luxury, off-the-beaten-path type projects, and Panama’s will be their first in the region.
Development plans and construction photographs were made available to Panama Equity just before the announcement, and what we saw marked a new precedent in high-end island communities here in Panama. From an execution standpoint, the development partners have the financial resources and local expertise to deliver what we believe will be a product that has seen pent-up demand from wealthy expatriates as well as local Panamanian families looking for a more private alternative to a beach property. As well as, of course, the Ritz-Carlton brand following.
To get more information on available lots and development progress, please contact us.
Kent Davis, founder of Panama Equity Real Estate, is a leading expert in Panama’s competitive real estate market. Originally from Honolulu, Hawaii, he holds a Marketing Information Systems degree from James Madison University. After a successful corporate career managing multimillion-dollar inventories at Hajoca Corporation, Kent pursued his dream of living abroad, moving to Panama in 2007.
Driven by an entrepreneurial spirit, he established Panama Equity to connect buyers, sellers, and investors with Panama’s top properties. Known for his transparency, expertise, and market insights, Kent has helped hundreds navigate Panama’s real estate landscape. Fluent in Spanish, he frequently publishes market reports to empower clients with informed decisions.
Beyond real estate, Kent is passionate about Panama’s culture, landscapes, and surf-friendly beaches. He lives in Panama with his wife and three sons, embracing the vibrant lifestyle the country offers.
