The condominium development with Grupo Los
Pueblos is slated to open in 2027
ORLANDO,
Fla., May 16, 2024 /PRNewswire/ --
Today, Margaritaville, the global lifestyle brand, and Grupo
Los Pueblos, the leading developer in the Republic of Panama, announced a new, beachfront condo
destination in Playa Caracol. Set to debut in mid-2027,
Margaritaville Beach Resort & Residences Playa Caracol will
blend local cultural and architectural traditions to offer a
distinctive experience in design and food & beverage, while
embracing classic Margaritaville amenities such as 5 o'Clock
Somewhere Bar and License to Chill Bar & Grill. Designed by The
McBride Company, the location will offer both full time living and
rental opportunities. This development marks the debut of a new way
to lodge within the Margaritaville portfolio.
Travel experts say Panama City
is piquing the interest of tourists and resonating with digital
nomads and expats, and is poised to be an "it" destination of 2024,
according to Forbes.
Located 1 hour and 10 minutes from Panama City, in the Chame District, Playa
Caracol is a growing tourist and housing locale – offering
beautiful views of the Gulf of Panama as well as glimpses of Otoque and Bona
Islands. The district offers miles of pristine beaches, diverse
cultural offerings, traditional festivals, local culinary
experiences, water sports, and more. Nearby in Coronado, residents can find shopping, golf,
and other recreational activities. Additionally, Panama boasts excellent accessibility with
numerous direct flights from international hubs, including major
cities in the United States such
as New York, Miami, Atlanta, Chicago, Los
Angeles, San Francisco,
Houston, and Dallas.
"At Margaritaville, we're always looking for locations that are
diverse and multifaceted, so Playa Caracol was the perfect
destination to introduce this new way to live. In addition to its
growing popularity as a retirement destination, Panama is a bright and inspirational country
that brings together elements of fast-paced business with a
relaxing lifestyle, similar to Margaritaville's ethos," said
Tamara Baldanza-Dekker, Chief
Marketing Officer at Margaritaville. "Honoring the historic
elements of the area and its vibrant future, Margaritaville
Beach Resort & Residences Playa Caracol will feature
thoughtful design inspired by the country's energy as a global hub
as well as its dynamic landscapes."
Developed by Grupo Los Pueblos, Margaritaville Beach Resort
& Residences Playa Caracol will feature a total of 261
residences, including 80 cottages and 181 high-rise multi-family
units, available for full-time living or added to a rental program.
With resort-style amenities and a modern feel, units will feature
contemporary, island-inspired design elements and range from 750
sq. ft. to 1,500 sq. ft. Prices start in the $300,000s.
"We are thrilled to bring the Margaritaville lifestyle to a
destination as distinct as Panama," said Alfredo Alemán, CEO of
Grupo Los Pueblos. "As a modern metropolis and regional hub,
Panama City offers world-class
services, including international banks, malls, hospitals, cruise
terminals, convention centers, and the region's best-interconnected
airport. Our beachfront location boasts a comprehensive amenities
program designed to guarantee an unforgettable living
experience."
The destination's beach club will act as an anchor with
offerings and amenities for residents. With direct access to the
white sand beaches, the location will feature a Margaritaville
restaurant concept and pool area. Additionally, the surrounding
complex will be home to a racket club consisting of paddle tennis
and pickleball courts.
Punta Pacifica Realty is the exclusive sales agent for
Margaritaville Beach Resort & Residences Playa Caracol.
For more information, visit the Margaritaville Beach Resort
& Residences Playa Caracol website.
About Margaritaville
Margaritaville, a state of mind
since 1977, is a global lifestyle brand inspired by Jimmy
Buffett, whose songs evoke a passion for tropical escape and
relaxation.
Margaritaville features over 40 lodging locations and over 20
additional projects in the pipeline positioned across a variety of
full-service and boutique hotel and resort brands, branded real
estate, premium RV destinations, and gaming properties, all
complemented by an extensive suite of food and beverage concepts,
including Margaritaville Restaurant, award-winning JWB Prime Steak
and Seafood, 5 o'Clock Somewhere Bar & Grill, and LandShark Bar
& Grill. Hotel brands include Margaritaville Hotels &
Resorts, Compass by Margaritaville, Margaritaville Beach House,
Margaritaville St. Somewhere, and the all-inclusive product,
Margaritaville Island Reserve®. Further elevating
experiences, Margaritaville's branded real estate includes Latitude
Margaritaville, "55 and better" active adult brand; Margaritaville
Cottages, Villas and Residences; One Particular Harbour
Margaritaville; and Margaritaville Vacation Club by
Wyndham.
The newest brand additions to Margaritaville's properties
include the rapidly-growing Camp Margaritaville RV Resorts
and Margaritaville at Sea, which debuted in 2022 with its
first ship, Margaritaville at Sea Paradise.
Additionally, consumers can escape every day through a collection
of lifestyle products, including apparel, footwear, frozen
concoction makers, home décor, a SiriusXM radio station, and
more.
More than 20 million travelers and consumers every year change
their latitude and attitude with Margaritaville. For more
information, visit www.margaritaville.com and follow
Margaritaville on Facebook, Twitter ,
and Instagram.
About Grupo Los Pueblos
Grupo Los Pueblos (GLP) is the
Republic of Panama's leading Real
Estate developer, with a 38-year legacy in marketing, sales &
leasing, land/building development, construction, property, and
asset management. GLP spearheads several multi-segment projects
leveraging over 61 million square feet of resort, commercial,
residential, retail, self-storage, and industrial developments.
GLP's esteemed portfolio includes resort communities such as
Ocean Reef Islands, the region's most luxurious residential
development consisting of two man-made islands reclaimed on the
shore of downtown Panama City and
a mega-yacht marina. Additionally showcased in GLP's portfolio is
Playa Caracol, the closest beach resort community to the capital's
metropolitan area with miles of white sand beach, surf, an
astonishing mountain range, several nearby shopping centers, and
Panama's Grand Transportation
Terminal.
Media Contacts:
Margaritaville
margaritavilleplayacaracol@finnpartners.com
Grupo Los Pueblos
rtapia@glp.com.pa
Punta Pacifica Realty
sales@puntapacificarealty.com
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SOURCE Grupo Los Pueblos