Hotel San Felipe in Casco Viejo
A 36-room hotel investment in historic Casco Viejo
Casco Viejo, Panamá
Active
$12,000,000
USD$4,426 / m²
- 2,711 m²Built area
Overview
Hotel San Felipe brings together two buildings in Casco Viejo, San Felipe, with 36 rooms arranged across six different models. Offered as a $12,000,000 hospitality investment, the property combines a distinctive historic-district setting with an existing hotel operation. The property totals 2,711 m². The main building has a lobby bar and an open terrace suited to events and relaxation. The second building adds a restaurant and rooftop, extending the hotel’s guest and event offerings. The source information does not specify room dimensions, parking, or other building systems. A recognized tenant in Panama’s hotel industry is operating under a fixed-rent contract stated to run from November 2023 through November 2028, with an option to renew. The stated total contract value is $2,280,000 over five years. Set in Casco Viejo, one of Panama City’s best-known historic districts, Hotel San Felipe offers buyers a hospitality asset with an established operating arrangement and several distinct on-site venues. Request the contract details and arrange a property visit.
In Short
Hotel San Felipe is offered for sale at $12,000,000. It has 36 rooms across six models and two buildings, with 2,711 m² of total area. Its stated fixed-rent contract totals $2,280,000 over five years, runs from November 2023 through November 2028, and includes an option to renew.
Before You Decide
- The asking price is $12,000,000 for a 36-room hotel with 2,711 m² of total area.
- The stated lease contract runs through November 2028 and includes an option to renew.
- The property includes four named hospitality amenities distributed across two buildings: a lobby bar, open terrace, restaurant and rooftop.
- The stated contract value is $2,280,000 over five years; operating expenses and net income are not supplied.
Highlights
- 36 hotel rooms across six different models
- Two buildings in Casco Viejo, San Felipe
- 2,711 m² total area
- Lobby bar in the main building
- Open terrace for events and relaxation
- Restaurant and rooftop in the second building
- Fixed-rent contract stated through November 2028, with an option to renew
- $2,280,000 stated total contract value over five years
At a Glance
- Status
- Available for sale
- Asking price
- $12,000,000
- Price per m²
- $4,426.41/m²
- Hotel rooms
- 36 rooms
- Total area
- 2,711 m²
- Buildings
- 2
- Building
- Hotel San Felipe
- Neighborhood
- Casco Viejo
- City
- Panama City
- Fixed-rent contract
- November 2023–November 2028; renewal option
- Stated contract value
- $2,280,000 over five years
- Listing ID
- CNV-PROP-064792
Key Facts
- Category
- Hospitality
- Property type
- Hotel
- Unit type
- Hotel Income Property
- Listed
- 5 October 2026
- Last updated
- 5 October 2026
Gallery
12 photographs of this residence.
Explore Hotel
Take a closer look before you travel.
No video on file for this unit yet. We can walk you through it live over WhatsApp — most buyers outside Panama start that way.
Features & Finishes
Layout
- Total
- 2,711 m² · 29,181 ft²
Parking & Storage
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $12,000,000
- Price per m²
- $4,426 / m²
- Cash to close (est.)
- $3,600,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $3,600,000
- Loan amount
- $8,400,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$51,720
Principal and interest only
An illustration, not an offer. Panamanian banks lend up to about 70% to residents and 50–60% to non-residents; your rate depends on the bank, the term and your file.
Monthly Carrying Cost
Property tax$0
Insurance$0
Total, before mortgage:$0 / month
If you let it out
How It Compares
- Hotel San Felipe has 36 rooms across six models.
- The property comprises two buildings and 2,711 m² of total area.
- Its stated fixed-rent contract has a total five-year value of $2,280,000.
Value Comparison
Asking price per m², against the building, the sector and the country.
Hotel$4,426 / m²
Casco Viejo average$4,075 / m²
Panama average$4,306 / m²
Asking 9% above the Casco Viejo average — worth understanding what justifies it before you offer.
Investment Case
The hotel is offered for $12,000,000 with a stated fixed-rent contract totaling $2,280,000 over five years, from November 2023 to November 2028, and an option to renew. Dividing the contract total evenly over five years gives an annualized figure of $456,000; the 3.8% gross yield is a calculation against the asking price and excludes expenses.
- 3.8%
- Gross yield
- —
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
Price History
- Listed · October 2026$12,000,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Casco Viejo
San Felipe, Panamá
Hotel San Felipe
Casco Viejo, Panamá
Positions are schematic, spaced by travel distance.
Get directionsCasco Viejo on Casanova today
- Active sale listings
- 98
- Active rentals
- 0
- Median asking price per m²
- $4,084
Getting Around
San Felipe, Panamá, Panamá · —
Address shown to neighborhood precision for the owner's privacy. The exact address is shared when a viewing is confirmed.
Frequently Asked Questions
How many rooms does Hotel San Felipe have?
Hotel San Felipe has 36 rooms across six different room models.
What amenities are included in the hotel?
The property includes a lobby bar and an open terrace for events and relaxation in the main building, plus a restaurant and rooftop in the second building.
What are the stated lease terms?
The fixed-rent contract is stated to run from November 2023 through November 2028, with an option to renew and a total contract value of $2,280,000 over five years.
What is the asking price?
The asking price is $12,000,000 USD.
What is the stated lease period and contract value?
The fixed-rent contract is stated to run from November 2023 through November 2028, with an option to renew. Its stated total value is $2,280,000 over five years.
Is the tenant identified by name?
No tenant name is provided; the tenant is described as recognized in Panama’s hotel industry.
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Interested in Hotel San Felipe in Casco Viejo?
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