Sale: Tántalo Hotel

$ 6,500,000
Casco Viejo – Panama City, Panama, ,

Overview

  • Updated On:
  • August 26, 2022

Description

Tántalo Hotel is a historic, former apartment building that was gut renovated in 2010 into a 9-unit Boutique Art Hotel with a ground-floor restaurant, bar, and rooftop bar. Actually, two of the most popular food and beverage businesses in all of Panama. Tantalo has won eight design and hospitality awards and has been featured in many publications throughout the world. Tantalo has one of the most famous Kitchens in casco: The restaurant seats 70 people. Nearly every inch of wall space is decorated by beautiful murals and a vertical interior green wall with 900 plants. The restaurant is consistently ranked in the top 20 list and has the second most reviewed restaurant in Panama out of more than 1,000 on Tripadvisor.com.

The Hotel offers artistically designed rooms each designed and named after a local artist. The size of each room varies from 230 to 518 Sq Ft. and each includes LG’s latest technology smart TV’s. The Lobby Bar and hotel reception were carefully planned to optimize space and efficiency. The collaboration of local and international artists has been fundamental to the project’s identity. Each room and nearly every space in the public areas is adorned and most of it provides a positive social message. Tantalo is one of few art hotels in the world making it a must-visit tourist destination for many.

The Roofbar on the 4th floor has a capacity of 250 and is also used for overflow eating during peak dinner and lunch times. In 2019, the Roofbar was renovated to include a 5th floor, 360-degree viewing area for up to 10 people. The Roofbar has a retractable canopy to protect equipment, employees, and customers from rain and is equipped with a surround music system that allows DJs and musicians to connect their equipment and perform across the area with an exceptional quality sound. Other features included a VIP lounge area and beautiful art installations.

In 2015, Tantalo Group acquired the Teatro Amador project and began to centralize some elements of the company to achieve economies of scale in taking on this and future projects. The company is very systems- organized and has developed an extensive level of operating procedures, reporting, monitoring and controls. Yet on the exterior, the Group is viewed as artists and is continually setting new bars for creativity and entertainment. Many of the Group’s ideas and concepts have been copied by other operators, but it is always focused on coming up with new ones and reinventing itself.

The value of Tantalo Hotel is: $6,500,000 and there is also the opportunity of a purchase package, which includes Tántalo Hotel and the Teatro Amador together, the price would be: 10,000,000

Click here to see more of Teatro Amador: https://philipjamesrealty.com/properties/sale-teatro-amador/

Address: Casco Viejo – Panama City, Panama
City:
State/County:
Country: Panama
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Property Id : 256945
Price: $ 6,500,000
Property Lot Size: 15 m2
Outdoor Details
balcony
Other Features
ocean view
private space
recreation
doorman
Elevator
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Philip James Schlesinger