Jumeirah signs deal for luxury hotel in Panama

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Jumeirah Group, the Dubai-based hospitality company, has been appointed to manage a luxury hotel in Panama City.
The company has been chosen by Grupo Mall, developer of residential and mixed-use projects throughout Spain and Mexico, the company said in a statement.
Los Faros de Panama complex will ultimately consist of three towers. The central tower will be 361 metres tall and 85 floors (Phase 1), making it one of the tallest towers in Latin America. The two lateral towers (Phase 2) will reach 266 metres in height with 75 floors.
In addition to luxury residences and Class A office space, the main tower will include Jumeirah Los Faros de Panama, comprising 400 hotel rooms and suites, Jumeirah’s signature Talise spa, fitness and leisure amenities, and 3,000 sq m of conference and meeting facilities.
Hotel guests, residents and visitors to the tower will also have access to exclusive restaurants, lounges and retail outlets.
Los Faros de Panama is located in the central district of San Francisco, and is close to the Pacific Ocean and faces Panama’s upscale shopping centre, Multiplaza Mall.
The management agreement was signed by Julio Noval-García, president of Grupo Mall and Gerald Lawless, executive chairman of Jumeirah Group.  
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