J W Marriott hospitality unit for sale

JW Marriott hospitality unit for sale

  • $130,000.00
Panama, Punta Pacifica, San Francisco, Panama, Calle Punta Colón, Punta Pacífica, San Francisco, Distrito Panamá, Panamá, 1080, Panama, Calle Punta Colon
For Sale Great location Hot Offer Oceanfront Oceanview

JW Marriott hospitality unit for sale

Panama, Punta Pacifica, San Francisco, Panama, Calle Punta Colón, Punta Pacífica, San Francisco, Distrito Panamá, Panamá, 1080, Panama, Calle Punta Colon
  • $130,000.00

Overview

Property ID: 34928
  • Condo suites, Hospitality Unit, Commercial
  • Property Type
  • 1
  • Bedroom
  • 1
  • Bathroom
  • 1
  • Garage
  • 49
  • 2011
  • Year Built
  • 2000
  • Lot m²
  • 34928
  • Property ID

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Description

JW Marriott Hospitality Unit for Sale

The JW Marriott hospitality condo suite for sale, past Trump Ocean Club, is a luxurious hotel unit excellent for profitable investment. JW Marriott is in Punta Pacifica, one of the most privileged areas of Panama.

In addition, the Hotel has a large social area with swimming pools, gyms, meeting rooms, several lobbies inside the tower, restaurants, many bars, and other attractions.

The rental of the JW Marriott unit with the hospitality operator to obtain rent.

Regarding the rental program, here are some details:

  1. The operation of this unit is from June 22, 2018, with the Marriott Hotel.
  2. The income scheme is a collective income or (income pool). In this case, the profits of the units are a pool and are distributed in proportion to the size of the units.
  3. The duration of the contract is five years.
  4. It has a penalty for early termination in proportion to the income generated by the unit in the rental program.
  5. Each owner is responsible for their tax, insurance, and mortgage obligations.
  6. The owner can use his unit up to 7 nights a year. Each additional night will be charged at the Owner Fee.
  7. The new buyer must assume the current operation contract with the Hotel.

Currently, the JW Marriot hospitality unit Condo Suite for sale in Panama City has an occupancy close to 85% and is growing. This occupancy has not stopped increasing since the JW Marriot Hotel operator took over.

Also, Marriott is widely known for its strength in holding corporate events and conventions, with which investors expect that the behavior of this occupancy will improve more and more, even above the average hotel occupancy in Panama.

Equally important is the JW Marriott hospitality units for sale are generating USD 1,100.00 after expenses.

For details on your current income from the hotel unit, contact us to schedule an appointment and discuss the details.

This investment is an opportunity to generate rental income from a world-class hotel operator. Contact us now!

Details

  • Property ID: 34928
  • Price: $130,000.00
  • Property Size: 49 m²
  • Land Area: 2000 m²
  • Bedroom: 1
  • Bathroom: 1
  • Garage: 1
  • Garage Size: 12.5
  • Year Built: 2011
  • Property Type: Condo suites, Hospitality Unit, Commercial
  • Property Status: For Sale

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Tour Type
  • Address Calle Punta Colon
  • City Panama
  • Province Panama
  • Area Punta Pacifica, San Francisco

Overview

  • Condo suites, Hospitality Unit, Commercial
  • Property Type
  • 1
  • Bedroom
  • 1
  • Bathroom
  • 1
  • Garage
  • 49
  • 2011
  • Year Built
  • 2000
  • Lot m²
  • 34928
  • Property ID

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