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Panama Real Estate, Azuero Peninsula

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Panama Real Estate at it's finest!The exclusive, luxury hotel and residential community; The Cubita Resort located in the heart of Panama’s beautiful Azuero Peninsula, voted “The Best Place to Live in Panama” by the Gorgas Memorial Institute

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Page 1: Panama Real Estate, Azuero Peninsula
Page 2: Panama Real Estate, Azuero Peninsula

W h a t i s C u b i t á ?

• Cubita is a residential/hotel project inspired by the traditions and architecture of Panama’s Azuero Peninsula. It is being developed in the city of Chitre, the region’s most vibrant community.

The project features:

• Residential Area with 90 houses and apartments (condominiums). • Hotel Cubitá, a 100-room Wyndham Grand Hotel. • Shopping Center with 16 commercial spaces and one corner lot. • Situated on 5 hectares of meticulously landscaped, prime real estate. •Valued at USD 22 million, the project is being financed with local capital and through bank financing with Banesco.

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W h y C u b i t á ?

• Cubitá is a unique concept. • Chitré: the best city to live and invest in. • Privileged location. • Affiliation to the Wyndham Grand Collection.

• Cubitá Club (Facilities). • Construction already underway. • Recurring income from Property Rental Program. • Excellent capital appreciation potential.

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A U n i q u e C o n c e p t : How did Cubitá come about?

• Cubitá is the name of a Pre-Columbian group that inhabited the area along the La Villa river. • We have chosen the name Cubitá to capture the spirit of the Azuero region… for many the region with the greatest cultural heritage in Panama. • The Cubitá logo was adopted from the design found on a vase made by the Cubitá people.

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T h e A r c h i t e c t u r e o f C u b i t á.

• Cubitá is inspired by the colonial architecture of the Azuero region of Panama. • Materials characteristic of the region have also been incorporated, including clay, stone and wood.

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A r i a l V i e w O f T h e P r o p e r t y

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S i n g l e F a m i l y R e s i d e n c e s.

Tonosí Model. Hatillo Model.

Cubita’s residential area will include two styles of single-family residences: •The Hatillo model, with 166 m²/ 1795.7 f² and •The Tonosí model, with 232.25 m² 2499.9 f² For your privacy and comfort, both models will be situated on ample lots of approximately 600 m² / 6458 f²

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Tonosí Internal Patio

T o n o s í M o d e l.

Tonosí Living room

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Tonosí Master Bedroom

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• 3 bedrooms with bathrooms.

• 1 maid’s bedroom with bathroom.

• 1 guest bathroom.

• 2 parking spaces.

• Internal Courtyard.

• Family room.

• Living room.

• Dining room.

• Lobby.

• Studio room.

• Kitchen.

• Terrace

• Laundry room.

Tonosí Floor Plans

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H a t i l l o M o d e l

• 1 main bedroom with bathroom.

• 2 bedrooms sharing a bathroom.

• 1 Guest bathroom.

• Family room.

• Living room.

• Dining room.

• Kitchen.

• Lobby.

•Terraza.

• 2 parking spaces.

• Laundry room.

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C o n d o m i n i u m s

• Comfortable and stylish two and three-bedroom apartments offer residents and investors the best in care-free living.

• Apartments will range in size from 84.5 to 111.7 m² / 909 to1202f²

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Living room

Dining room

C o n d o m i n i u m s

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Bedroom

Kitchen-dining room

C o n d o m i n i u m s

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C o n d o m i n i u m F l o o r P l a n s

Lower floor

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First floor

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Second and third floor

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Cubitá Wyndham Grand Hotel

• The Cubitá Wyndham Grand Resort will have 100 luxury rooms, a colonial courtyard and a chapel. In addition, the Hotel will also have a restaurant, two meeting rooms, a museum and a social area with pool, sauna, fitness center and spa.

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S h o p p i n g P l a z a

• The convenience and variety available at the Cubitá shopping plaza will enhance the experience of Cubitá residents and hotel guests alike.

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The Way That We Should LIVE

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C h i t r é : The Best City to LIVE

• Chitré was selected by the Gorgas Memorial Institute as “The Best City to Live” in Panama because of attributes such as:

• Longevity • Quality of life • Low cost of living • Safety • Low crime • Access to hospitals • Access to major banks • Access to supermarkets and major stores • Proximity to excellent beaches (20 minutes from Los Santos and Guararé and 1 hour from Pedasí).

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A blog post from an expatriate American citizen living in Chitré (Forbes Magazine):

“As an American expat who has called Panama’s Azuero Peninsula home for the past 30 years, I can attest to the amazing transformation the country is undergoing, not just in the capital city, but in provincial cities such as Chitré, which offer discriminating travelers all of the amenities of urban living while retaining the laid-back atmosphere and easy charm that Panama City’s “capitalinos” come running back for every chance they can get. Pristine beaches, dozens of colorful fairs and festivals and upscale developments such as the prestigious Cubitá Wyndham Grand Hotel and residential development are just a few of the reasons why travelers tired of the beaten path should include the Azuero Peninsula in their itinerary and come experience the gracious hospitality of Panama’s provinces for themselves.” (Rebecca Wentzel)

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C h i t r é : The Best City To INVEST

• Chitré is one of the cities with the greatest growth perspectives in Panama; in the last 3 years the largest and most recognized retailers in Panama have extended their offering to this market. • Expansion of the National Highway between Divisa and Las Tablas has helped attract investors to the region; the project is expected to be completed in 2013.

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L o c a t i o n : Chitré is centrally located in Panama

• Panama: #1 on the New York Time’s list of “45 Places to Go” • 15 minutes from the beaches

• 25 minutes from Las Tablas.

• 1 hour from Pedasí • 1 hour and 15 minutes from the Rio Hato International Airport

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• Gated community with 24 hour security.

Cubitá Club: Benefits and Activities

• Enjoy exclusive free membership in the Cubitá Club:

• Host a get-together or just lounge around in the Social Area of the Cubitá Wyndham Grand Resort. • Cool your heels in the pool • Restore and relax with the10% discount in the Spa • Experience the health benefits of the Sauna • Tempt your tastebuds with the10% discount in the Restaurant • Work out in the Gym • Explore the Museum • Enjoy some quiet time in the Colonial Chapel

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•Expand your culture at the more than 40 festivals and folklore events held annually in the Azuero Region.

Enjoy the many other activities available in Chitre and Azuero

•Improve your swing at Chitre’s 9-hole Golf Course, only minutes away from Cubitá. • Join the enthusiastic crowds in the new Baseball Stadium as they cheer on their 5-time national champions. • Take a leisurely Horseback Ride. • Try you hand at Surfing, Fishing and Snorkeling inPedasí.

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We offer a property management program where your property generates an income when you are not there. • Distribution: 60% to the owner and 40% to the hotel. The Hotel provides:

• Maid service • Hotel amenities (sheets, pillows, shampoo, soap, etc.) • Check in and Check out • Property inspection and maintenance • Marketing

• Properties under the PAP must purchase the furnishings and appliance package in order to ensure the same standard offered to guests of the Cubitá Wyndham Grand Resort.

Property Administration Program (PAP)

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• Appreciation potential:

• The properties are estimated to increase 17% in value by the time the project is completed. • EXCLUSIVITY: There are only 26 houses and 64 apartments. Currently, this is the only project in Azuero that will offer the standards of luxury of a WYNDHAM GRAND RESORT. • Your Property will generate an income from the rental pool.

Excellent Investment Potential

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• Panama received 16% more tourists in 2011 than 2010; experts expect the upward trend to continue in 2012. • The province of Herrera (where Chitre is located) has the third highest occupation in the country * after the provinces of Panama and Cocle. • We expect that the historical 39% occupation obtained by the province in the past years will be exceeded due to the following advantages:

• Increased marketing by the Government on the cultural aspects and folkloric festivities of Azuero. • Increased traffic and accesibility due to the road expansion. • Increased commercial activity.

Occupation Statistics

* Statistics from the Authority of Tourism of Panama (ATP).

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Should you choose to take advantage of the rental pool, these will be your likely tenants:

• Being the addition of the Wyndham Grand brand Chitre will attract a higher class of clientele which previously did not consider Chitre as an option. • A tourist package option for Pedasi travelers. • The Government is promoting Panama as a wedding destination, and Cubita will be one of only a few hotels in the country with a chapel. • Cubita will also attract corporate events that will choose us due to the cultural aspects and concept of the hotel. • With the only offering of luxury apartments in Chitre, Cubita will attract young families and corporate executives.

Who will Occupy Your Unit

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• $3,000 down on apartments / $5,000 down on houses. • Complete 10% of purchase price upon signing contract. • Complete 20% of purchase price 30 days after signing contract. • Financing available from major banks.

Terms of Purchase

• If you pay 100% cash for your unit , you will receive an automatic discount of 5% off the value of the property.

Cash purchase incentive

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Construction Already Underway: Estimated Completion Dates:

• Hotel: September 2013 • Shopping Center: September2013

• Houses: September 2013-April 2014. • Condominiums: September 2013

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Availability of houses

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Availability Of Apartments