Jumeirah to Manage City Hotel in Panama
DECEMBER 1, 2009 - Jumeirah Group, the Dubai-based luxury hospitality company and a member of Dubai Holding, has been appointed by Grupo Mall, developer of residential and mixed-use projects throughout Spain and Mexico, to manage a luxury hotel in Panama City.
The management agreement was signed by Mr Julio Noval-García, President of Grupo Mall and Mr Gerald Lawless, Executive Chairman of Jumeirah Group at a private signing ceremony held in Burj Al Arab, Dubai.
Designed by architectural firm Chapman Taylor and Humberto Echeverria and Associates, 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 luxurious hotel rooms and suites, Jumeirah's signature Talise spa, fitness and leisure amenities, and 3,000 m2 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, adjacent to the emerging and dynamic neighbourhoods of Punta Pacifica, Punta Paitilla, Marbella and Avenida Balboa. The complex is in close proximity to the Pacific Ocean and faces Panama's upscale shopping centre, Multiplaza Mall; it is also adjacent to the Hospital Punta Pacifica, affiliated with the Johns Hopkins Hospital and Health System. Tocumen International Airport is located 17 kilometres away, with daily flights to major cities in North and South America.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
