Nikki Hotel Panama City condo units with rental guarantee
Panama’s first 6-star condo hotel
Nikki Beach does it again with Hotel Nikki Panama City. This spectacular 52- story building will be the first six star hotel in the country. Located on the new Avenida Balboa, Nikki will offer an impressive range of stunning amenities and services, such as heliport, in-room massage and chef service, pool bar and terrace lounge. The entire tower will be illuminated, and the prominent Casa Nikki Nightclub & Restaurant is sure to quickly become one of Panama City's most prominent landmarks.
A total of 160 condo hotel units are available for sale, offering rental programs, allocations for personal use, and guaranteed rental income for the first two years.
11 Reasons To Invest in Hotel Nikki Panama City
- Panama’s first 6-star condo hotel.
- Fully furnished units with Signature Nikki Beach interior design
- Exceptional panoramic views
- Pre-construction prices
- 5-year tax exemption
- 5% rental income guarantee for 2 years, followed by revenue sharing
- 4 weeks of usage per annum
- Financing is available
- Panama has the fastest growing economy in Latin America
- Panama has shown a 15% to 20% appreciation p.a.
- Impressive facilities such as Casa Nikki Nightclub & Restaurant, heliport, in-room massage and chef service, pool bar and terrace lounge
Location
Hotel Nikki Panama City is located on Avenida Balboa, Panama’s most luxurious and coveted strip of city coastline, with magnificent views of the ocean and the city skyline. It connects the financial district with the residential area of "Punta Paitilla" and leads to the "Casco Viejo" historical area. With easy access to shopping malls, supermarkets, fashion spots, and infinity of places around the city, along with all the amenities just a walk away.
Residences
There will be a total of 160 fully-furnished condo hotel units at Nikki Panama. The average size is 60m2 (645 ft sq) and they come with a unique interior design; curved spaces and exceptional views.
Be part of this unique opportunity where you own a condo-hotel unit and have the option to include your unit in a rental program that can provide return of your investment.
1 bedroom units, >59m², From US$286,548
1 bedroom penthouse, >120m², From US$693,000
The units boast features such as:
- Breathtaking views to famous Avenida Balboa.
- Fully furnished units with Signature Nikki Beach interior design
- Walk-in closet
- ZEN-SPA Bathroom
- Flat screen TV
- Wireless Internet
- Marble and Granite on Bathrooms countertops
- Central Air Conditioning
- Kohler fixtures in sinks and showers
Maintenance $2.00 per square meter.
Facilities & Services
The Lobby Lounge in Hotel Nikki Panama City provides a spacious setting to socialize, sip drinks, and sample glamorous starters and unique Sushi.
In the hotel you will also find Casa Nikki Restaurant. The guest list of Casa Nikki Restaurant at South Beach is full of people waiting to gather around the striding shell-shaped champagne bar where celebrities and corporate titans sample the various chilled champagnes and strawberries. Now its time for its evolution at Hotel Nikki in Panama City; A 3 story round shaped restaurant, located in the 48th floor of the tower. Savour mouth-watering fusion-style dishes while enjoying Balboa Avenue amazing views. Reinventing exclusiveness, Casa Nikki will be, without any doubts, the place-to-be in Panama.
An 11,000 sq ft nightclub with plush lounge beds and panoramic views gets up the beat at Hotel Nikki Panama City. Casa Nikki will be the largest nightclub in Central America featuring the world’s best house and dance music and Nikki-signature drinks.
In addition, there will be a fantastic range of amenities such as
- Infinity Pool
- Pool Cabanas with fabulous ocean views
- Pool bar and terrace lounge
- Nikki Beach Spa
- Gym
- Café Nikki
- Helipad
- Business centre
The impressive range of services includes:
- 24-hour concierge
- Room service
- In-room Chef available upon request
- In-room Massage
- 24 Hour Dry Cleaning
The Hotel will guarantee the owners a rental revenue equal to 5% the purchase price the first two years of operationOwners will be able to use their unit four weeks per year. After the first two years, a revenue sharing rental programme is offered. The rental revenue split is: 40% owner and 60% hotel operator. The Hotel Operator will cover the operations expenses with his share.
Purchase Details
To reserve a residence, there is a US$10,000 deposit, followed by 10%, minus the deposit, 15 days after the reservations. This is followed by various stage payments until completion. 70% is required at completion.
Ground breaking is scheduled for September 2008. Completion is scheduled for June 2011.
The preferred lenders on the project will be HSBC and Scotiabank
Hot Properties Worldwide is an authorised sales representative of Hotel Nikki Panama City
