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Grace Hotels to invest $18 million in Panama, its first venture into Latin America

Tuesday, January 11, 2011


Grace Hotels, the boutique chain, is going to invest $18 million in Panama, its first venture into Latin America.

Grace Panama will be located in the Obarrio development. A tentative opening date is July of next year. The new hotel will have 60 rooms, two of them extremely luxurious penthouses.

In addition to the Grace Panama, the chain aims to open a hotel in Argentina and one in New York.

Original source (in Spanish): La Estrella