One of
the most precious assets which reverted to Panama along with the canal
when the U.S. pulled out at the end of 1999, the Amador Causeway and
its islands, is about to realize its potential with a major hotel
and condominium project, Naos Harbour Island.
The causeway,
running alongside the channel leading into the Pacific entrance to
the canal, forms four small islands, Flamenco, Perico, Culebra and
Naos.
On Naos,
in a superb location ( where Manuel Noriega built a luxurious club
for his officers) the Naos Harbour Island mega-project has now been
launched by Grupo MSG, a Panamanian group dedicated to import, export,
real estate and tourism.
The project,
which envisages an investment of U.S $30 million, will include a 300
room hotel and an apartment hotel with a further 114 rooms, all not
only with ocean view, but with the Bridge of the Americas, the whole
of Panama City and the infinite variety of ships entering the canal
passing almost within a stone’s-throw. A casino and commercial
area and villas will complete the mix.
A breakwater
and beach will be constructed in front of the hotel. The water off
Naos is especially clean since millions of gallons of fresh water
from Gatun Lake flow down past the island from Miraflores Locks each
day.
Apartments
and villas are offered for outright sale or on a fractional ownership
basis – a concept which formalizes the idea of a group of relatives
or friends pooling their resources to buy a second home or getaway
place.
