3 Star Hotel For Sale in El Cangrejo Panama City

3 Star Hotel For Sale

This 3-star hotel for sale sits on one of the most commercially transited and popular boulevards of Panama City. And it is being sold by the original owner. 

The recent municipal improvements and new businesses moving into the area make this a very commercially attractive investment. This property could work as a hotel business or even a hotel/condo conversion.

The total construction is 2,400m2 and includes 10 parking spaces, one elevator along with a total of 49 rooms (63 beds) ranging from singles to suites. The property includes a small restaurant that is currently rented to a third party.

This hotel for sale is near a major metropolitan park, the subway line, bus line, and literally hundreds of shops and restaurants.

Inquire today for building schematics, rental proforma, and answers to all questions.

About El Cangrejo

Often considered one of Panama City’s most bohemian neighborhoods, there is a lot to love about El Cangrejo. 

El Cangrejo was traditionally a residential neighborhood for middle-class Panamanians. Now it’s home to a diverse mix of residents and become a hub for young professionals and bohemians alike.

El Cangrejo offers a mix of older buildings, one and two-story houses, and new construction projects. It’s also one of the most walkable neighborhoods in Panama City making it a charming and friendly vibe. 

There are plenty of shops, restaurants, and cafes that sit along the neighborhood’s main thoroughfare, Via Argentina. And nearby, residents can take advantage of Andres Bello Park.

Many professionals and families choose El Cangrejo for its relaxed community feel. On any given weekend, you’ll see plenty of locals and expats enjoying breakfast at a cafe or walking their dogs. There are also a number of good schools in and around El Cangrejo, a popular draw for parents with children.