Panama International Merchandise Mart President Challenges Major Hotels

Released on: October 6, 2008, 9:15 am

Press Release Author: Panama International Merchandise Mart - PIMM

Industry: Food & Beverage

Press Release Summary:
Reynald Katz, President of the Panama International Merchandise Mart – PIMM, is
publicly inviting worldwide hotel operators to open their brands in PIMM in Panama.

Press Release Body: Reynald Katz is publicly inviting prestigious hotel groups such
as Accor, Atlantis, Best Western, Fiesta Americana, Hilton, Hyatt, Ramada, Ritz
Carlton, Shangri-La, Sheraton, Warwick and Wyndham to build new facilities in his
Panama International Merchandise Mart – PIMM (, located in the
Republic of Panama.

Katz points out that the opportunity for hotels in PIMM is one of the best in the
world right now and the facts prove it.

• PIMM is the largest merchandise mart in Latin America and offers access to 566
million customers.
• PIMM will receive over 7 million visitors per year.
• Panama is the hub for international business in Latin America and is a popular
tourism destination. As a result, over 1.2 million persons came to the country last
year and the numbers are expected to increase yearly.
• Panama is now second in the world in terms of hotel occupancy at 84.7%, and is
experiencing an acute lack of hotel rooms nationwide.
• Finally, PIMM is located approximately 40 minutes from both Panama’s Tocumen
International Airport and Colon Free Zone.

PIMM requires 3, 4 and 5 star hotel facilities with 300, 400 and 500 rooms each
respectively. Valuation is set at $30, $40 and $50 million. Hotel concessions are
structured such that PIMM will sell the hotel owner land in PIMM outright for 10% of
the construction cost and the owner will share 6% of monthly operating costs with

“Building your hotel in PIMM is a win-win proposition for everyone involved. Start
up and operation costs are low, and potential revenue is literally enormous. We only
have four concessions open so the time to cut a deal is now. I am ready when you
are,” finishes Katz.

To begin your concession process, contact Reynald H. Katz at

Web Site:

Contact Details: Galerias Veneto
Panama City, Panama
+507-391-0505 (Panama)
1-718-312-8399 (U.S.)
+8528191-1903 (Hong Kong)
+339-7046-7535 (France)

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