2. What is Cubitá?
• Cubita is a residential/hotel project inspired by the traditions and
architecture of Panama’s Azuero Peninsula. It is being developed in
the city of Chitre, the region’s most vibrant community.
The project features:
• Residential Area with 90 houses and apartments (condominiums).
• Hotel Cubitá, a 100-room Wyndham Grand Hotel.
• Shopping Center with 16 commercial spaces and one corner lot.
• Situated on 5 hectares of meticulously landscaped, prime real estate.
•Valued at USD 22 million, the project is being financed with local
capital and through bank financing with Banesco.
3. Why Cubitá?
• Cubitá is a unique concept. • Cubitá Club (Facilities).
• Chitré: the best city to live • Construction already
and invest in. underway.
• Privileged location. • Recurring income from
Property Rental Program.
• Affiliation to the Wyndham
Grand Collection. • Excellent capital
appreciation potential.
4. A Unique Concept:
How did Cubitá come about?
• Cubitá is the name of a Pre-Columbian group that inhabited the area
along the La Villa river.
• We have chosen the name Cubitá to capture the spirit of the Azuero
region… for many the region with the greatest cultural heritage in Panama.
• The Cubitá logo was adopted from the design found on a vase made by
the Cubitá people.
5. T h e A r c h i t e c t u r e o f C u b i t á.
• Cubitá is inspired by the colonial architecture of the Azuero region of
Panama.
• Materials characteristic of the region have also been incorporated,
including clay, stone and wood.
7. S i n g l e F a m i l y R e s i d e n c e s.
Tonosí Model. Hatillo Model.
Cubita’s residential area will include two styles of single-family residences:
•The Hatillo model, with 159.26 m²/ 1714 f² and
•The Tonosí model, with 231 m² 2487 f²
For your privacy and comfort, both models will be situated on ample lots of
approximately 600 m² / 6458 f²
8. T o n o s í M o d e l.
Tonosí Internal Patio Tonosí Living room
10. Tonosí Floor Plans
• 3 bedrooms with bathrooms.
• 1 maid’s bedroom with bathroom.
• 1 guest bathroom.
• 2 parking spaces.
• Internal Courtyard.
• Family room.
• Living room.
• Dining room.
• Lobby.
• Studio room.
• Kitchen.
• Terrace
• Laundry room.
11. Hatillo Model
• 1 main bedroom with bathroom.
• 2 bedrooms sharing a bathroom.
• 1 Guest bathroom.
• Family room.
• Living room.
• Dining room.
• Kitchen.
• Lobby.
•Terraza.
• 2 parking spaces.
• Laundry room.
12. Condominiums
• Comfortable and stylish two and three-bedroom apartments offer
residents and investors the best in care-free living.
• Apartments will range in size from 84.5 to 111.7 m² / 909 to1202f²
18. Official announcement of the
agreement with Wyndham
Grand Collection in
Panama’s foremost
newspaper, La Prensa
19. Cubitá Wyndham Grand Hotel
• The Cubitá Wyndham Grand Resort will have 100 luxury rooms, a
colonial courtyard and a chapel. In addition, the Hotel will also have a
restaurant, two meeting rooms, a museum and a social area with pool,
sauna, fitness center and spa.
20. Shopping Plaza
• The convenience and variety available at the Cubitá shopping plaza will
enhance the experience of Cubitá residents and hotel guests alike.
22. C h i t r é : The Best City to LIVE
• Chitré was selected by the Gorgas Memorial Institute as “The Best City to
Live” in Panama because of attributes such as:
• Longevity
• Quality of life
• Low cost of living
• Safety
• Low crime
• Access to hospitals
• Access to major banks
• Access to supermarkets and
major stores
• Proximity to excellent beaches
(20 minutes from Los Santos and Guararé and 1 hour from Pedasí).
23. A blog post from an expatriate American citizen living in Chitré (Forbes
Magazine):
“As an American expat who has called Panama’s Azuero Peninsula home for the past 30
years, I can attest to the amazing transformation the country is undergoing, not just in
the capital city, but in provincial cities such as Chitré, which offer discriminating
travelers all of the amenities of urban living while retaining the laid-back atmosphere
and easy charm that Panama City’s “capitalinos” come running back for every chance
they can get. Pristine beaches, dozens of colorful fairs and festivals and upscale
developments such as the prestigious Cubitá Wyndham Grand Hotel and residential
development are just a few of the reasons why travelers tired of the beaten path should
include the Azuero Peninsula in their itinerary and come experience the gracious
hospitality of Panama’s provinces for themselves.” (Rebecca Wentzel)
24. C h i t r é : The Best City To INVEST
• Chitré is one of the cities with the greatest growth perspectives in Panama; in
the last 3 years the largest and most recognized retailers in Panama have extended
their offering to this market.
• Expansion of the National Highway between Divisa and Las Tablas has helped
attract investors to the region; the project is expected to be completed in 2013.
25. L o c a t i o n : Chitré is centrally located in Panama
• Panama: #1 on the New York • 1 hour from Pedasí
Time’s list of “45 Places to Go”
• 1 hour and 15 minutes from the Rio
• 15 minutes from the beaches Hato International Airport
• 25 minutes from Las Tablas.
26. Affiliation to the Wyndham Grand Collection
• Cubitá has signed an agreement with the
prestigious Wyndham Grand Collection
international chain of resorts.
• Wyndham is the largest hotel group in the world with more than 7,200
hotels.
• The Wyndham hotels in Panama City offer a total of 371 rooms; new
constructions planned for 2013 will bring the total to 1,099 rooms.
27. Cubitá Club: Benefits and Activities
• Gated community with 24 hour security.
• Enjoy exclusive free membership in the
Cubitá Club:
• Host a get-together or just lounge
around in the Social Area of the Cubitá
Wyndham Grand Resort.
• Cool your heels in the pool
• Restore and relax with the10% discount
in the Spa
• Experience the health benefits of the
Sauna
• Tempt your tastebuds with the10%
discount in the Restaurant
• Work out in the Gym
• Explore the Museum
• Enjoy some quiet time in the
Colonial Chapel
28. Enjoy the many other activities available in
Chitre and Azuero
•Expand your culture at the more than 40 festivals and
folklore events held annually in the Azuero Region.
•Improve your swing at Chitre’s 9-hole Golf Course, only minutes
away from Cubitá.
• Join the enthusiastic crowds in the new Baseball Stadium as
they cheer on their 5-time national champions.
• Take a leisurely Horseback Ride.
• Try you hand at Surfing, Fishing and Snorkeling inPedasí.
29. Property Administration Program (PAP)
We offer a property management program where your property generates
an income when you are not there.
• Distribution: 60% to the owner and 40% to the hotel. The Hotel
provides:
• Maid service
• Hotel amenities (sheets, pillows, shampoo, soap, etc.)
• Check in and Check out
• Property inspection and maintenance
• Marketing
• Properties under the PAP must purchase the furnishings and appliance
package in order to ensure the same standard offered to guests of the
Cubitá Wyndham Grand Resort.
30. Excellent Investment Potential
• Appreciation potential:
• The properties are estimated to increase 17% in value by the time
the project is completed.
• EXCLUSIVITY: There are only 26 houses and 64 apartments.
Currently, this is the only project in Azuero that will offer the
standards of luxury of a WYNDHAM GRAND RESORT.
• Your Property will generate an income from the rental pool.
31. Investment Scenario #1 – Hotel Rental Pool (yearly)
Scenario 1: Scenario 2:
Assumptions With Mortgage No Mortgage
Value of the apartment (fully equipped) $ 142,000 $ 142,000
Daily rental rate $ 150 $ 150
Occupation percentage 38.0% 38.0%
Annual inflows for Owner $ 12,483 $ 12,483
Annual outflows ** $ 9,684 $ 2,340
Net Annual inflows $ 2,799 $ 10,143
Return on investment (yearly ***) 20% 11%
* The estimated projections represent only an example scenario and in no way represent a commitment from
INMOBILIARIA CUBITA, S.A. of providing a return on investment to the owner.
** Outflows include: mortgage payments (for Scenario 1), maintenance fees, and electricity. Mortgage
payment for Scenario 1 assumes 70% financing on the value of the apartment and a 6.25% mortgage rate.
*** 10-year Return on investment percentage includes profit earned on 2.5% price increase per year.
32. Investment Scenario #2 – Rent the Property Yourself
Scenario 1: Scenario 2:
Assumptions With Mortgage No Mortgage
Value of the apartment (fully equipped) B/. 142,000 B/. 142,000
Monthly rental rate B/. 900 B/. 900
Annual inflows for Owner B/. 10,800 B/. 10,800
Annual outflows ** B/. 9,684 B/. 2,340
Net Annual inflows B/. 1,116 B/. 8,460
Return on investment (yearly ***) 13% 10%
•The estimated projections represent only an example scenario and in no way represent a commitment from
INMOBILIARIA CUBITA, S.A. of providing a return on investment to the owner.
** Outflows include: mortgage payments (for Scenario 1), maintenance fees, and electricity. Mortgage
payment for Scenario 1 assumes 70% financing on the value of the apartment and a 6.25% mortgage rate.
*** 10-year Return on investment percentage includes profit earned on 2.5% price increase per year.
33. Occupation Statistics
• Panama received 16% more tourists in 2011 than 2010; experts expect
the upward trend to continue in 2012.
• The province of Herrera (where Chitre is located) has the third highest
occupation in the country * after the provinces of Panama and Cocle.
• We expect that the historical 39% occupation obtained by the province
in the past years will be exceeded due to the following advantages:
• Increased marketing by the Government on the cultural aspects and
folkloric festivities of Azuero.
• Increased traffic and accesibility due to the road expansion.
• Increased commercial activity.
* Statistics from the Authority of Tourism of Panama (ATP).
34. Who will Occupy Your Unit
Should you choose to take advantage of the rental pool, these will be your
likely tenants:
• Being the addition of the Wyndham Grand brand Chitre will attract a
higher class of clientele which previously did not consider Chitre as an
option.
• A tourist package option for Pedasi travelers.
• The Government is promoting Panama as a wedding destination, and
Cubita will be one of only a few hotels in the country with a chapel.
• Cubita will also attract corporate events that will choose us due to
the cultural aspects and concept of the hotel.
• With the only offering of luxury apartments in Chitre, Cubita will
attract young families and corporate executives.
35. Terms of Purchase
• $3,000 down on apartments / $5,000 down on houses.
• Complete 10% of purchase price upon signing contract.
• Complete 20% of purchase price 30 days after signing contract.
• Financing available from major banks.
Cash purchase incentive
• If you pay 100% cash for your unit , you will receive an automatic
discount of 5% off the value of the property.
36. Construction Already Underway: Estimated Completion Dates:
• Hotel: July 2013 • Houses: June 2013
• Shopping Center: June 2013 • Condominiums: June 2013
