Latin America's Tallest Building Inaugurated in Panama

Latin America's Tallest Building Inaugurated in Panama

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As reported by news.yahoo.com, the 70-story Trump tower opened in Panama City this week. The tallest building in Latin America, soaring 284 meters into the sky, is a resort and residential address that added to a real estate boom in Panama.

The Trump Ocean Club reflects "the modern sensibility of the new generation of luxury travel," the company said in an invitation to the inauguration of the resort, where the cheapest room costs US$ 300 per night and homes sell for US$ 250 thousand to US$ 1 million.

With an investment of US$ 430 million, the resort designed by Colombian architecture firm Arias Serna Saravia is home to 47 suites, 37 elevators, a spa, marina, casino and an island with a private beach. It also boasts a 900 square meter terrace with an oceanfront pool, personalized butler service and a convention center stretched across 4,200 square meters.

The city's real estate boom has turned the capital of Panama into a "mini Dubai" of sorts, mirroring the wealthy Gulf city's skyscrapers and monumental buildings.

With the Trump tower, Panama is now home to the three tallest buildings in Latin America. Both "The Point," which stands at 67 floors or 266 meters high, and "Ocean Two," which is just 20 meters shorter, opened this year.