The Hotel Central, shining star of the 19th century but for many years derelict, will take center stage once again among Panama City hotels. In Casco Viejo, the Old Quarter, dominating one side of the Cathedral Plaza, Hotel Central will reopen as a five star luxury hotel and the result of a $20 million investment. The hotel is scheduled to reopen near the end of 2009. 

Just blocks away from the presidential palace and facing the cathedral across the tree-lined plaza, the hotel was once considered one of the most luxurious and prestigious in Latin America. In the late 1800's, it housed the administration of the French Canal Company. In later years, it hosted many leaders and international personalities during their visits to Panama. It was also home to Panama's first Rotary Club, in 1982.

Architect, Ariel Espino, Director of the Casco Antiguo Office, says that the 134-room hotel will be restored to its original state. It will again boast its interior courtyard with its massive skylight and grand, wooden, three-way staircase. The center aisle will ascend and two smaller, lateral aisles will be for descending guests, just as in the hotel's heyday. Inside the rooms, promoters promise a fitting 19th century-era decoration. 

The Spanish group behind the restoration is part of a growing number of investors in the country projecting a need for luxury accommodations. The hotel will have two restaurants and a rooftop bar offering views of Panama Bay and Ancon Hill. The two-level spa will have a sauna, Turkish baths, jacuzzi, massage rooms, weight room, and a pool.