??? Boutique Art Hotel | Rooftop Bar | Ground-Floor Restaurant
Own an Icon. Earn from Day One.
Welcome to Tántalo — Casco Viejo’s iconic rooftop destination, a design-award-winning hotel with themed rooms, top-ranked restaurant, and one of the most vibrant nightlife experiences in Panama.

?? For Sale: $5.95M
?? Annual Net Rental Income: $480,000
?? 20-Year Leaseback Agreement
?? 7.4% First-Year Return, Increases 2.5% Annually
?? 30-Year Property Tax Exemption

?? [Download Full Brochure]
?? [Book a Call With Us]

??? About the Property
9-unit Boutique Art Hotel, renovated in 2010 and cosmetically upgraded in 2019
14,881 sq. ft. total across 5 levels
Rooftop bar with 360° city views, capacity for 250 guests
Ground-floor restaurant consistently ranked Top 20 on TripAdvisor
Artistic suites themed by local Panamanian artists
Located just two blocks from the Presidential Palace, and steps from Cinta Costera
?? Unmatched Location: Casco Viejo, Panama City
UNESCO World Heritage Site
5 minutes from downtown
25 minutes from Tocumen International Airport
Surrounded by high foot traffic, nightlife, and culture
A top destination for both locals and international tourists
?? Sustainability & Art
Tántalo is more than a hotel — it’s an immersive experience.

900-plant vertical garden
Reclaimed wood and eco-conscious design
No single-use plastics
Iconic art in every public space
Events that blend music, fashion, and community
Recognized with 8 hospitality & design awards
?? Proven Operations & Leadership
Profitable for over a decade (except during Covid)
Fully staffed with experienced professionals
Tántalo has long been a cultural anchor and catalyst for the Casco Viejo renaissance
?? Investment Snapshot
Metric Value
Selling Price $5,950,000
Annual Net Rent $480,000 (2.5% yearly increase)
Return Year 1 7.4%
Lease Term 20 Years
Property Tax 30-Year Exemption
Total Area 14,881 sq. ft.
Landlord only maintains structure and systems. Tenant covers all utilities, maintenance, and insurance.

?? Let’s Talk
?? Pedro Alvarado
Co-owner & Broker – RE/MAX Life
?? pedro.alvarado@remax-life.com.pa
?? +507 6670-4571 / 310-8956