(PanamaInvestor)After two years of delay since the first announcement, the Hard Rock Hotel is apparently moving forward.
Hard Rock franchise that has a presence in Panama with a restaurant on Avenida Balboa in 2004, will join the local hotel offering the construction of a hotel in the province of Cocle.
The work, which represents an investment of $ 90 million, expected to open in early 2012.
The hotel will be built in the area of Farallon, Cocle Province, will have 499 rooms and will add to the existing hotel supply in the area: Decameron, Nikki Beach, Breezes Resort & Spa.
The construction of the Hard Rock Hotel in Panama is part of a process that started the brand to accelerate expansion of its properties worldwide.
Panama is the perfect location in Latin America to install a hotel, with the number twelve would be the franchise of the same name and number one in the region, said Hamish Dodds, a director of Hard Rock Cafe, on the website www . hardrockcafe.com.
Some managers of the hotels that are operating in the area of Farallon welcomed the new hotel, whose construction has been announced two years ago.