'Trump Ocean Club' Panama City  

Trump Ocean Club

Tags: trump_panama
Panama City, Panama

Trump Ocean Club (207.244.173.94) -

Donald Trump is preparing to develop a 62 story hotel and apartment tower in the Punta Pacifica district of Panama City, Panama. Trump Ocean Club International will offer 300 hotel rooms, 500 luxury apartments, a casino, a full service spa, a yacht club, and a private beach on Isla Contadora. Panama property investment is getting pretty wild.

The project is expected to cost around $200 million and with construction slated for the end of the year should be completed by 2009. Units are going for $250, 000 to $450, 000 for one to three bedroom condominium units and furnished hotel condominium properties will cost around $250, 000. This is the first time that the Trump Organization has invested in Central America.

But why is Trump Investing in Panama? Trump said his interest in Panama property investment began 3 years ago when he was in Panama City for the Miss Universe Pageant. It’s no surprise anymore that Americans are flocking to Panama. Low interest rates, political stability, a low cost of living, and the country’s location beyond typical hurricane paths all make Panama a great place to live. Baby boomers in particular are finding Panama an attractive destination.

Panama offers a good combination of air service from major cities, proximity to key source markets and coastal sites. These things should pique any developer’s interest. But there are four things Trump specifically looks for when he puts up a building. They are great views, prestige, convenience, and growth potential.

First, Punta Pacifica juts out into the ocean and therefore has some of the best views in Panama City and second, because of this it has a lot prestige. Third, its closeness to high-end malls, banks, and grocery stores make Punta Pacifica very convenient. And last, any real estate acquisition by Trump must have growth potential or else he won’t be interested.

The important questions to be answered are: Will this investment keep up with the changing times? Will rents keep up with inflation? And is this area stable, getting better or deteriorating? Apparently Panama has answered all of these questions satisfactorily. Because of this, Trump believes in Panama’s growth. This should only further encourage potential investors to take a closer look at Panama property investment.

• Trump Ocean Club - Panama

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Comment #1 ReeseW from USA -

Yes, Trump is an excellent business man. I guess that's why Trump is worth so much money. I think the resort might be a great idea. The resort will attract more tourists which will bring more money to the area and plus provide more jobs.

Here's an update on the project:

Trump to Break New Ground in Dominican Republic

02.22.07

By Duane Wells

Real estate mogul and erstwhile Rosie O’Donnell antagonist Donald J. Trump has signed a partnership agreement with Cap Cana, S.A. in the Dominican Republic to develop a luxury resort that will include a golf course, golf villas and golf lots, estate lots, a beach club, a condo hotel, and residences with ocean views that together will be called Trump at Cap Cana. The real estate luxury products to be developed represent an estimated value of over two billion dollars, which comes as little surprise given that Mr. Trump rarely does anything small.

Cap Cana, one of the most important real estate and tourism destinations in the Caribbean, is blessed with extraordinary natural beauty and is ideally located adjacent to the Punta Cana International Airport, making it supremely desirable and easily accessible. With a master plan investment projected at US $1.5 billion, the first stage of Cap Cana comprises an area of 8, 680 acres (of a total of more than 30, 000 acres) and will take place over a span of 10- 12 years.

The first product to be developed within the partnership, "Trump Farallon Estates at Cap Cana, " will include 68 estates (with at least 1.5 acres each). The estates are located within a gated community on top of the highest bluff in the area, at 200 feet above sea level, where one can enjoy spectacular views of the entire Cap Cana property and the Caribbean Sea. Home owners in the Farallon community will enjoy a special memberships to a variety of clubs and amenities within Cap Cana. Reservations for Trump Farallon Estates at Cap Cana are limited and currently being accepted on a first come, first served basis.

"I am excited to be building Trump at Cap Cana for several reasons. Not only is the Dominican Republic an exceptionally beautiful place with a wonderful history, but the allure of Cap Cana makes this a unique destination in the Caribbean, " said Trump. "This is going to be a magnificent project, and we look forward to developing thousands of spectacular acres into an elite destination that will be known worldwide in the years to come. I look forward to visiting often with my family."

"With the signing of this agreement, Cap Cana ratifies its goal to become renowned internationally as the 'World's Greatest Destination', " said Dr. Ricardo Hazoury, President of the Cap Cana Board of Directors. "By combining the Trump experience with Cap Cana's natural beauty and the talent demonstrated by our team of professionals, in addition to the stable economy of the Dominican Republic, we are confident that together we will continue to seamlessly create a new standard for tourism, real estate, and hotels for the entire region. We have no doubt this is a win-win combination and look forward to all that lies ahead."

Sounds like an excellent project to keep the next Trump Apprentice winner busy to me.

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Comment #2 Stephanie from Arizona -

Geez Donald Trump is everywhere!! It's like he's taking over the world. LOL. It is good though, especially since this will help their economy.

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