Accelerating portfolio growth in Latin America, Starwood Hotels & Resorts Worldwide, Inc. announced the opening of its second Westin hotel in Panama.
Ideally located in Costa del Este, Panama City’s newest, upscale corporate and financial center, The Westin Panama is the third Starwood property developed and operated by Bern Hotels & Resorts, Panama’s largest hotel developer and operator. With the opening of The Westin Panama, Starwood Hotels now has seven hotels in Panama.
The Westin Panama boasts 218 rooms, including 45 suites, world-class dining and 14,460 square feet of state-of-the-art meeting and function space. The newly constructed hotel is a key element of the Costa del Este financial center, which includes several luxurious real estate developments, numerous multi-national corporate offices and a boardwalk lined with shops and restaurants. Costa del Este is just 15 minutes from downtown Panama City and less than 30 minutes from Tocumen International Airport via the Corredor Sur.Starwood’s portfolio in Latin America continues to grow. More than 2,500 rooms were added to in the past 24 months, representing an increase of 20 percent after the opening of The Westin Panama. Contributing to that growth, Westin has nearly doubled its portfolio in Latin America in just the past 18 months as part of the brand’s strategic expansion in emerging markets. With the opening of The Westin Panama, Westin now has 12 hotels in Latin America, spanning five countries including Panama, Mexico, Peru, Costa Rica and Guatemala. On track to open its 200th hotel in 2013, Westin will open the vast majority of its new hotels outside of North America.