Panama Real Estate News: The Plaza Costa del Este Bailout Plan

(PRWEB) May 3, 2009 -- On March 2009 International Realty Partners S.A. (www.irpinfo.com) bailed out A2SN, a Panama Real Estate (http://panamarealestateconnection.com/) Developer, from the responsibility of developing the project called The Plaza Costa del Este (http://panamarealestateconnection.com/Panama-real-estate-ThePlaza-Costa-Del-Este.html), located in Costa del Este, Panama City, Republic of Panama. International Realty Partners S.A. along with Rodabi Group (a USA based International Real Estate Sales (http://panamarealestateconnection.com/) Group) were the exclusive sales and marketing team for this project.

The Plaza Costa del Este would be located in Panama's hottest residential district overlooking the Pacific Ocean. Just minutes from downtown Panama and the Tocumen International Airport, residents will enjoy the tranquility and luxury of ultimate living, with access to all of Panama City's finest amenities and the tropical beauty beyond. The project (one of the few mixed-use buildings allowed in this area) will consist of 100 office condos, 153 furnished hotel/condo rooms (of which 50% have already been reserved in the USA) and 19 privately owned residences along with a 2 story Skybar, a pool overlooking the Costa Del Este.

The Plaza Costa del Este will be managed by Octagon Hotels and Resorts Panama.

This Hotel Operator is part of Octagon Group, a well known International Hotel Development and Operation Company, which has over 20 years experience in various countries around the world, specialized in High-end Hotels and Resorts (www.octagoncc.com).

Special Features of the Rooms:

•    Contemporary Design

•    I-Pod Stations with I-Pods to rent at Front desk

•    New Wave Kitchen, including Fridge, Microwave, Wet-Bar, Coffee and Tea Maker

•    Aromatherapy features in all Rooms

•    Asian designed Bathtubs and Bathrooms

•    Open Loft Design with some individual balconies

Negotiations of the takeover of the development came about at the end of 2008 when I.R.P. noticed that even after the slowdown of the Real Estate market worldwide, Panama and a Condo/Hotel project made plenty of business sense.

I.R.P. has purchased the land with all the rights of the project from A2SN and Homes Realty Panama and plans to start construction after 60% of the project has been reserved. The news made several investors very happy as they were concerned with the previous developers and their less than perfect reputation in the Panama Real Estate community.

For sales and information call 305-377-0422 to learn more about Panama Real Estate offers.

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