Ithaca Capital, Hotel ToC and Marriott Enter Agreement to Rebrand the Bahia Grand Panama Hotel in Panama City as a JW Marriott
Ithaca Capital has announced that the iconic Bahia Grand Panama
Hotel in Panama City, housed in the tallest building in Panama and
Central America, is set to become a JW Marriott® hotel.
The hotel, which originally opened in 2011, has been operating as an
independent property since March 2018. Ithaca Capital, Hotel ToC and
Marriott International signed agreements to rebrand the hotel as a JW
Marriott, under a long-term management contract with Marriott
International.
"We are thrilled that our hotel will operate as a JW Marriott and we believe that this partnership, together with a talented team and spectacular hotel amenities, will be a success. We look forward to welcoming new and returning guests to this iconic property," said Orestes Fintiklis, managing partner of Ithaca Capital.
At 284 meters height (932 feet), the property's modern architecture has become emblematic of Panama City and its skyline. Located at the ocean front of Panama City's prestigious Punta Pacifica neighborhood, close to the banking, commercial and entertainment areas, the hotel offers the seclusion and privacy of an urban oasis.
Guests will be able to enjoy three world-class restaurants, a popular bar (Cava 15), an expansive pool deck and a state-of-the-art conference facility. Averaging 600 square feet each, the hotel's 369-rooms are the largest in the city with many directly on the oceanfront enjoying open views of the Gulf of Panama and the city's skyline.
JW Marriott is part of Marriott International's luxury portfolio and consists of superb and distinctive properties at key urban and resort locations around the world. Today, there are more than 80 JW Marriott hotels in over 25 countries and territories.
"Marriott International is proud to partner with Ithaca Capital for the re-launch of this iconic hotel in Panama City, a growing gateway city and a critical hub for Latin America. This hotel will represent the twelfth operating JW Marriott branded hotel in our region, catering to sophisticated travelers, seeking the world-class JW Treatment™," said Laurent de Kousemaeker, Chief Development Officer, Marriott International, Caribbean & Latin America Region.
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 
