Hard Rock Hotel Panama Announces Condo Sales

Published: March 12, 2009 / LuxuryTravelMagazine.com

Lagomar Properties, Inc. today announced the commencement of condo-sales for the Hard Rock Hotel Panama, a 400+-room luxury condo-hotel resort development on the Pacific Ocean. The resort will feature outstanding oceanfront views along 1,200 feet of Panama's coast. The tropical location, combined with Hard Rock's renowned, luxurious quality standards, offers a unique destination resort for one of the world's most globally recognized brands.

The Hard Rock Hotel Panama will be located near Coronado Beach less than an hour southwest of Panama City in the tourist area known as "the dry arch" and the "Southern California of Central America", a consistently sunny area in this often-rainy equatorial region. The hotel will be situated on 35 acres of elevated, lightly forested seaside plateau, including miles of sparkling white sand beaches and towering palms. A tropical river sweeps around the property from the southeast to southwest.

"We are excited to bring the Hard Rock Hotel experience to these pristine Pacific beaches," says Wayne Bryan, CEO of Lagomar Properties, Inc. "Hard Rock's blend of luxury and lifestyle provide an unparalleled visitor experience."

The Hard Rock Hotel Panama will offer over 400 elegant guestrooms including 'rock-star suites', a signature trademark of the Hard Rock brand-, luxury "swim-out" rooms, double suites and villa suites, highland Golf Villas, quiet Spa Villas and cantilevered riverside Eco Villas. The eco-sensitive design of the hotel will incorporate Panamanian culture from Spanish colonial to Kuna motifs within a very up-to-date, expansive context. Planned attractions currently include a 200,000 square foot pool, two-signature restaurants featuring the best South American chefs and cuisine, a signature bar offering sophisticated adult nightlife and dancing, the exclusive luxurious Rock Spa(R) with floating treatment cabanas, an innovative group treatment building for wedding parties and other groups and unique couples packages. Additionally, there will be a ballroom that can accommodate live performances, business groups and conferences. A smaller ballroom will also be on-site for more private, intimate affairs and there will be dedicated children's areas and activities for family vacationers. The resort is part of a planned destination complex currently set to include an 18-hole golf course.

About Lagomar Properties, Inc.
From the rain forests of Costa Rica to the desert oasis of Las Vegas, the Lagomar team brings a wealth of experience in envisioning and building world-class lifestyle destinations. Lagomar resorts boast everything from trend-setting design and environmentally-friendly construction to innovative financing in an effort to create a rewarding experience for everyone from guests to investors. For the past two years the team has been focused exclusively on the Panama project, covering thousands of miles of coastline to find the ideal place for a luxury resort destination. Lagomar Properties are committed to bringing an unequalled, ecologically conscious vacation experience to visitors from around the world. For sales or broker information go to www.lagomarpanama.com or email info@lagomarpanama.com or call 804-726-6500. Information about the Panama project can be found at www.hardrockcondospanama.com.

About Hard Rock International
With 124 high-energy Hard Rock Cafes and nine Hotels/Casinos in 50 countries, Hard Rock International is one of the world's most globally recognized brands. Beginning with an Eric Clapton guitar, Hard Rock owns the world's greatest collection of music memorabilia, which is displayed at its locations around the globe. Hard Rock is also known for its collectible fashion and music-related merchandise, Hard Rock Live performance venues and an award-winning website. In addition to the two flagship Seminole Hard Rock Hotels and Casinos in Tampa and Hollywood, Fla., Hard Rock Hotels/Casinos are located in Las Vegas, Biloxi, Orlando, Chicago, San Diego, Pattaya and Bali. Additional hotel and casino projects have been announced in Macau and Penang, both scheduled to open in 2009; Palm Springs, Atlanta and Panama, scheduled to open in 2010; Dubai, scheduled to open in 2011; and Abu Dhabi, scheduled to open in 2012. Hard Rock International, Inc. is owned by Seminole Hard Rock Entertainment, Inc. For further details on Hard Rock Hotels and Casinos, visit www.hardrockhotels.com. For more information on Hard Rock International, visit www.hardrock.com.

DISCLAIMERS
THE CONDOMINIUM UNITS ARE NOT OWNED, DEVELOPED OR SOLD BY, OR UNDER COMMON OWNERSHIP OR CONTROL WITH, HARD ROCK LIMITED, HARD ROCK HOTEL LICENSING, INC. OR HARD ROCK CAFE INTERNATIONAL (USA) INC., OR ANY OF THEIR AFFILIATES (COLLECTIVELY, "HARD ROCK"). LAGOMAR PROPERTIES, INC. AND COTON S. DE R.L. ("DEVELOPER") USES THE HARD ROCK TRADEMARKS UNDER A LICENSE AGREEMENT, WHICH LICENSE AGREEMENT MAY BE TERMINATED IN ACCORDANCE WITH THE TERMS AND CONDITIONS THEREOF. THE LICENSE AGREEMENT IS LIMITED IN DURATION AND THERE IS NO GUARANTY OR OTHER ASSURANCE OF ANY KIND THAT THE HOTEL WILL CONTINUE TO BE ASSOCIATED WITH THE HARD ROCK SYSTEM FOR ANY PERIOD OF TIME. CONDOMINIUM UNIT OWNERS WILL NOT OWN ANY INTEREST IN THE LICENSE AGREEMENT, IN HARD ROCK OR IN THE HOTEL MANAGEMENT AGREEMENT BETWEEN HARD ROCK AND DEVELOPER. THE CONDOMINIUM UNITS PURCHASED BUT NOT PARTICIPATING IN THE RENTAL MANAGEMENT PROGRAM WILL NOT BE PART OF, OR OPERATED AS PART OF THE HOTEL, ALTHOUGH SUCH UNITS WILL BE LOCATED WITHIN THE SAME BUILDINGS AS THE CONDOMINIUM UNITS THAT ARE PART OF THE HOTEL. THE CONDOMINIUM UNIT OWNERS AND PURCHASERS OF THE CONDOMINIUM UNITS WILL OBTAIN NO RIGHT TO ANY LICENSE AGREEMENT OR TO ANY HARD ROCK TRADEMARKS AND WILL NOT BE PERMITTED TO REFER TO OR UTILIZE ANY HARD ROCK TRADEMARKS IN CONNECTION WITH ANY RESALE, RENTAL OR OTHER USE OF THEIR CONDOMINIUM UNIT. HARD ROCK HAS NOT PARTICIPATED AND WILL NOT PARTICIPATE IN ANY MANNER IN THE SALE AND MARKETING OF THE CONDOMINIUM UNITS AND HAS NOT AND WILL NOT ACT AS A BROKER OR AGENT IN CONNECTION WITH ANY CLOSING. HARD ROCK HAS NOT IN ANY WAY PASSED ON THE MERITS OF, OR THE MATTERS SET FORTH IN, THIS ADVERTISEMENT OR ANY MARKETING MATERIALS.

Website: https://www.lagomarpanama.com/