Tántalo Boutique Art Hotel for Sale Casco Viejo
Own a Casco Viejo landmark with a proposed 20-year leaseback
Casco Viejo, Panamá
Active
$5,950,000
USD$4,304 / m²
- 1,382.5 m²Built area
- 17Bed
- 1Bath
Overview
Tántalo brings boutique hospitality, art and a celebrated rooftop destination together in the heart of Casco Viejo. This nine-unit hotel spans 1,382.5 m² across five levels and is offered for USD 5,950,000. The property is described with 17 bedrooms and one bathroom, and renovated in 2010 with a cosmetic upgrade in 2019. The guest experience is shaped by suites themed by local Panamanian artists, iconic art throughout public spaces and a rooftop bar with 360-degree city views and capacity for 250 guests. A ground-floor restaurant is described as consistently ranked in TripAdvisor’s Top 20. The hotel also features a 900-plant vertical garden, reclaimed wood and eco-conscious design, and a no-single-use-plastics approach. The property has received eight hospitality and design awards. A proposed 20-year leaseback carries stated annual net rental income of USD 480,000, increasing by 2.5% annually. The tenant covers utilities, maintenance and insurance; the landlord’s stated responsibility is limited to the structure and systems. A 30-year property tax exemption is described. Tántalo sits two blocks from the Presidential Palace and steps from Cinta Costera, with downtown five minutes away and Tocumen International Airport 25 minutes away. Request the full brochure to explore this distinctive Casco Viejo hospitality investment.
In Short
Tántalo is offered for USD 5,950,000. The hotel is described as having nine units and 17 bedrooms, with 1,382.5 m² across five levels. Stated annual net rental income is USD 480,000 under a proposed 20-year leaseback, with annual increases of 2.5%.
Before You Decide
- The proposed leaseback is 20 years, with USD 480,000 in stated annual net rental income and 2.5% annual increases.
- The stated 7.4% first-year return does not match the simple yield implied by the stated annual net rent and asking price; request the calculation and supporting documents.
- The stated tenant responsibilities include utilities, maintenance and insurance; the landlord's responsibility is limited to structure and systems.
- Confirm the scope of the one-bathroom count and how the 17 bedrooms correspond to the nine hotel units.
Renovated in 2010 and cosmetically upgraded in 2019.
Highlights
- USD 5,950,000 asking price
- 1,382.5 m² across five levels
- Nine hotel units and 17 bedrooms
- Proposed 20-year leaseback with USD 480,000 stated annual net rent
- Rooftop bar with 360-degree city views and capacity for 250 guests
- Ground-floor restaurant described among TripAdvisor’s Top 20
- 900-plant vertical garden and eight hospitality and design awards
- Two blocks from the Presidential Palace and steps from Cinta Costera
At a Glance
- Status
- Available for sale
- Asking price
- USD 5,950,000
- Price per m²
- USD 4,303.80/m²
- Bedrooms
- 17
- Bathrooms
- 1
- Total area
- 1,382.5 m²
- Building levels
- 5
- Hotel units
- 9
- Building
- Tántalo
- Neighborhood
- Casco Viejo
- Corregimiento
- San Felipe
- City
- Panama City
- Listing ID
- CNV-PROP-065852
- Annual net rental income stated
- USD 480,000
- Proposed leaseback term
- 20 years
Key Facts
- Category
- Hospitality
- Property type
- Hotel
- Unit type
- Hotel Income Property
- New or resale
- Resale
- Renovated
- 2010
- Decor style
- Artistic suites themed by local Panamanian artists.
- Listed
- 5 October 2026
- Last updated
- 5 October 2026
Gallery
17 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
- Bedrooms
- 17
- Full baths
- 1
- Total
- 1,383 m² · 14,881 ft²
Parking & Storage
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $5,950,000
- Price per m²
- $4,304 / m²
- Cash to close (est.)
- $1,785,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $1,785,000
- Loan amount
- $4,165,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$25,645
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
- Tántalo offers 1,382.5 m² across five levels in Casco Viejo.
- The property combines a rooftop bar, a ground-floor restaurant and an art-led boutique hotel concept.
- The asking price is USD 5,950,000, with a proposed 20-year leaseback.
Value Comparison
Asking price per m², against the building, the sector and the country.
Hotel$4,304 / m²
Casco Viejo average$4,075 / m²
Panama average$4,306 / m²
Asking 6% above the Casco Viejo average — worth understanding what justifies it before you offer.
Investment Case
The proposed sale includes a 20-year leaseback, with annual net rental income stated at USD 480,000 and annual increases of 2.5%. The stated responsibilities allocate structure and systems to the landlord, while the tenant covers utilities, maintenance, and insurance.
- —
- Gross yield
- 8.1%
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
Price History
- Listed · October 2026$5,950,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Casco Viejo
San Felipe, Panamá
Casco 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
What is the asking price for Tántalo?
The asking price is USD 5,950,000.
What does the proposed leaseback include?
The proposed leaseback term is 20 years. Annual net rental income is stated at USD 480,000, with annual increases of 2.5%.
How large is the hotel?
Tántalo has a total area of 1,382.5 m² across five levels.
How many units and bedrooms does the property have?
The hotel is described as having nine units and 17 bedrooms.
Which amenities and hospitality spaces are included?
The property includes a rooftop bar with capacity for 250 guests and a ground-floor restaurant.
How far is Tántalo from major landmarks?
Tántalo is two blocks from the Presidential Palace, steps from Cinta Costera, five minutes from downtown and 25 minutes from Tocumen International Airport.
What property tax exemption is described?
A 30-year property tax exemption is described.
What are the proposed leaseback terms?
The proposed term is 20 years. Stated annual net rental income is USD 480,000, with annual increases of 2.5%.
What does the tenant pay under the stated leaseback arrangement?
The tenant covers utilities, maintenance and insurance; the landlord maintains the structure and systems.
Does Tántalo have a rooftop bar and restaurant?
Yes. Tántalo has a rooftop bar with a stated capacity of 250 guests and a ground-floor restaurant.
What is the stated property tax exemption?
A 30-year property tax exemption is described.
Where is Tántalo located?
Tántalo is in Casco Viejo, in the San Felipe corregimiento of Panama City.
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Interested in Tántalo Boutique Art Hotel for Sale?
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