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MERCAN Group Announces Its First Hotel Development in Panama: Pullman Panama City
The projects include a 300-key Pullman hotel and a 200-unit tower, and officials said 60 exporters logged more than US$17 million in trade intentions.
- On Wednesday, MERCAN Group announced the development of Pullman Panama City and Santa Maria Luxury Apartments in Panama City, with a combined value exceeding US$200 million.
- Although the developer partnered with the government in October 2025, the two projects only launched in March 2026, with the Pullman hotel in Bella Vista scheduled to open in 2028.
- Foreign investors buying units through Panama's Qualified Investor Program must invest at least US$300,000, with MERCAN offering hotel buyers a five-year guaranteed buyback and estimated returns between 3% and 6%.
- The Ministry of Commerce and Industries reported on Monday that a trade mission to four Caribbean markets generated US$17 million in business intentions, with 60 Panamanian companies participating.
- These twin announcements reflect Panama's economic playbook of attracting foreign capital into tourism real estate while helping local firms expand exports, leveraging a 17.3% increase in visitors early this year.
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MERCAN Group Announces First Hotel Development in Panama: Pullman Panama City
·Buenos Aires, Argentina
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LoudounTimes.com+32 Reposted by 32 other sources
MERCAN Group announces its first hotel development in Panama: Pullman Panama City
PANAMA CITY, Aug. 26, 2026 /PRNewswire/ -- MERCAN Group announced the development of Pullman Panama City, its first hotel project in Panama, in partnership with Accor under the Pullman Hotels & Resorts brand.
Panama Hotel Investment: Mercan Unveils US$200 Million in Projects
Portugal's Mercan Group launched two Panama City developments worth over US$200 million, its first hotel venture in the country. Separately, a trade mission to four Caribbean markets produced more than US$17 million in business intentions. The post Panama Hotel Investment: Mercan Unveils US$200 Million in Projects appeared first on The Rio Times.
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Total News Sources35
Leaning Left5Leaning Right4Center22Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
L 16%
C 71%
13%
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