South African Company to Invest USD $105 Million into Entertainment Venue
Panama City, Panama — Newland International Properties Corp., the developer of Trump Ocean Club® International Hotel & Tower, announces it has entered into an agreement with Sun International which will own and operate a 75,000 square foot (7,200 square meters) casino on-site. Sun International, based in Johannesburg, South Africa, acquired various spaces within the development for the casino. In total, Sun plans to invest USD $105 million for its acquisition and complete build-out. The casino is slated to open by mid-2014.
“Sun International is a globally recognized company known for its superior gaming offerings,” said Roger Khafif, President of Newland International Properties Corp. “The publicly traded company has a tremendous track record for creating exceptional entertainment experiences. The casino will be fully integrated within the building, providing an unparalleled, all-encompassing lifestyle experience in Panama,” he adds.
Located on the Mezzanine level, the expansive casino facility at Trump Ocean Club® will have its own dedicated lobby by the porte-cochere and will feature 600 slot machines, 32 gaming tables, a restaurant as well as a lounge area. For exclusive private gaming, a Salon Prive will be situated on the top floor, the Penthouse level, which will also include an intimate restaurant and lounge area. The floor immediately below will have reserved deluxe suites for elite clientele.
Presenting a lifestyle experience unlike any other in Panama City, the 70 story Trump Ocean Club® embodies the grand “club” concept, harmonizing the well-appointed Panama condominiums with a world-class hotel, numerous restaurants, amenities and unmatched service. One of its most noteworthy features is the panoramic views that can be seen throughout the building, a picturesque scene of a burgeoning metropolis, the cobalt Panama Bay and Pacific Ocean beyond. This same memorable view will be seen from the casino’s Salon Prive.
Sun International’s impressive portfolio includes 27 resorts, luxury hotels and casinos operating in eight countries. Trump Ocean Club® will be its second operation in Latin America after the renowned Monticello in Chile. The company prides itself on successful leisure group offerings focusing on superior gaming, hotel and entertainment experiences that exceed customer expectations.
“Given Trump Ocean Club’s icon status, great location and upmarket brand standards that match our own, we are very confident that once operational, the casino will attract substantial numbers of both local and foreign visitors.”
“Furthermore this opportunity is very much in line with our strategy to focus on the Latin American region. It will create greater presence and brand awareness for us and should significantly enhance our ability to access other opportunities in the region,” added Collins.
Ideally situated in the most exclusive neighborhood of Punta Pacifica, Trump Ocean Club® is centrally located just a few minutes away from key areas within Panama City such as the financial district, high-end shopping malls and the Tocumen International Airport.
The property features residences including condominiums, Bay Lofts, and hotel condominiums ranging from studios, one- to four-bedrooms, as well as penthouses. Unites range from 70 square meters (761 sq. ft.) to more than 1,364 sq. meters (14,681 sq. ft.). Exquisitely designed interior spaces showcase attractive open floor plans with beautiful marble throughout and kitchens with premium European cabinetry, imported granite countertops and stainless steel appliances. One of the unique aspects of the units is the bathrooms, which have frameless showers.
Unique to this property is the great selection of amenities including a world-class hotel, an ample fitness center with state-of-the-art Technogym equipment, more than four gourmet restaurants, five pools including a infinity pool and deck, an embarcadero (the only City property to have one), La Galeria – a retail area showcasing several venues, and complimentary wireless Internet access in the public areas. Additional plans call for a private beach club in the Pearl Islands and wellness spa. Residents also have housekeeping services, as well as access to 24-hour concierge staff who cater to every whim. Additionally, residents have the option of fully outfitting their home with exquisite designer furniture collections by Tui Lifestyle, ranging from ultra modern to classic and traditional, with the ability to be delivered and installed in as little as a fortnight.
Additionally, Trump Ocean Club® offers residents central air-conditioning throughout the building unlike many properties in Panama City. For more information about Trump Ocean Club®, email email@example.com.
About Cervera Real Estate, Inc.
Cervera Real Estate, Inc., is the lead sales consultant for Trump Ocean Club®. Since 1969, Cervera Real Estate has been an industry leader in condominium sales, marketing and consulting. The company, which was also the first to market extensively in several international markets, continues to broaden those relationships while expanding its global reach. For more information, please visit: www.cervera.com. Cervera is on Twitter and Facebook.
About the Developer, Newland International Properties Corp.
Trump Ocean Club® International Hotel & Tower ® Panama was developed by Newland International Properties Corp. (Newland) in collaboration with architects ASS and K-Group. In 2006, Newland began developing Trump Ocean Club in Panama’s exclusive Punta Pacifica peninsula, which today is the most spectacular development in Panama’s history. Newland licensed the Trump name from Trump Marks Panama LLC and retained Trump Hotel Collection, the award-winning hotel management company, to create an unrivaled luxury destination, setting a new benchmark for luxury hospitality not only in Panama, but throughout Latin America.