Jumeirah to manage hotel in Panama City

By Staff Writer (Press Release) - Jumeirah, a luxury hotel management group, said yesterday it has been appointed by Spain's Grupo Mall to manage a luxury property for the real estate developer in the Panama City. The Los Faros de Panama complex will consist of three towers, each boasting residences, offices and a luxury hotel, respectively. The hotel will comprise 400 hotel rooms and suites, along with Jumeirah's signature Talise spa. Maintaining its association with iconic structures, such as the Burj Al Arab, the Jumeirah Group-managed property will boast one of the tallest towers in Latin America, with the central building standing tall at 361 metres and 85 floors. The two lateral towers will reach 266 metres in height with 75 floors. The management agreement was signed by Julio Noval-García, President of Grupo Mall, and Gerald Lawless, Executive Chairman of Jumeirah Group. Over the past few years, Jumeirah Group has maintained an aggressive growth strategy internationally by expanding into London with the Jumeirah Carlton Tower and Jumeirah Lowndes Hotel and into New York with the Jumeirah Essex House. (Editor's Comment: Now that's funny. The last thing I saw on the Los Faros project was that it was dead in the water - no construction or activity at the job site. It's interesting to see this press release coming out now. Maybe they are going to start it back up? Refinancing or something like that? Who knows...)