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The Hotel Palma Royale is for sale in Bocas del Toro Panama.
Registered as titled property, Finca # 8018. Built to American standards. 11 suites, 1 penthouse, 4 ground level standard rooms. Fully equipped restaurant and bar. Located just 10 meters from the sea in great, quiet location on Main St in Bocas town, Isla Colon.
Enjoys Law #8 in a tourist zone: No Property taxes, No Income taxes. $450,000 plus in room sales--2016.
Masterfully crafted and built to American standards.
Resting on 36 inch caissons embedded into 15 feet of bedrock supported by solid steel I-beam construction.
Each floor is independently poured slab construction. Steel reinforced 6 inch 2500 PSI concrete.
All perimeter walls are wood framed in pressure treated 2x6 pine framing.
Roof is in concrete fiber board with simulated Spanish style.
All water for Hotel is sourced from rain collected from the roof and city water.
- There is a 7500 gallon cistern built directly into the foundation with complete filtration, uv light, and reverse osmosis system.
- 3 exterior (3000 or 5000) auxiliary rain collection tanks.
- All guests are supplied with purified rain water.
Hotel is sided with James Hardy fiberboard siding. Will never rot or warp.
All doors and wood finishes are sourced from locally grown red cedar and hand crafted by local artisans.
All bathrooms are tiled from floor to ceiling in travertine marble or cut corral.
All exterior windows and doors are German made double paned of the highest quality.
All exterior tile is slip-proof slate.
All flooring, including all balconies are of bamboo, travertine marble or corral.
Fully equipped restaurant and bar.
Large work/storage area in rear.
15 rooms: 6 2 Bed suites, 4 Suites with full kitchens, 4 standard rooms, and 1 Penthouse. The Penthouse is 2 bedrooms, 2 bathrooms, a full kitchen, and a wrap-around balcony with sea views.
Both sides of the Hotel are beautifully landscaped.
Further information available upon request, please contact seller below for more details.
Real Property Included
An Owner could live in the Penthouse or a Luxury Suite.
Bocas del Toro is an Archipelago of Islands in the Caribbean Sea.
Bocas Town is located on the main Island, Isla Colon.
We are located on the Main Street of Bocas Town towards the South end of Town in a quiet area. We are within walking distance to all Shops, Restaurants, and Bars.
There is a piece of waterfront that might be available for purchase in the future.
Other local Hotels in Bocas Town
The owners have reached retirement age.
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