Santo Domingo, July 2008._District & Co. Caribbean Development presented to businessmen and investors the Project Buddha-Bar Hotel & Spa Panama, destined to be one of the most luxurious and prestigious hotels in Panama City. The event, held at the premises of District & Co. was attended by Mr. Carlos Salinas, one of the major investor of the project and executives of the firms Fortune House International and District & Co., who were in charge of explaining the project.

Buddha-Bar is a unique concept that was born in Paris more than ten years ago and has become an international phenomenon, seeing that it has managed to merge the more exotic elements of the Far East with the most luxurious Parisian style.

This concept, aimed for tourist purposes, includes spacious luxury suites, decoration, design and management by the famous Buddha Bar in Paris, three restaurants of world-wide standards, swimming pool, bar and recreation areas, gymnasium with the latest technology, conference halls, luxurious boutique, valet service and butler service.

During his speech, the CEO of Fortune House International, Rafael Villa, noted that Buddha Bar-Hotel and Spa Panama will be the favorite place of those who visit this incredible metropolis.

Furthermore, he explained that Buddha-Bar Hotel & Spa Panama is a product of high profitability, with attractive advantages for investors, among them he emphasized that the investor will be participating in the profits of the hotel through a stock, which allows them a revenue of the total profits of the hotel, without the concern of property loans payments, property tax payments, condominium payments, and many other expenses that are usually found in the typical condo hotels, because this is not a purchase of property, but simply the participation of the profits of the hotel, with excellent revenues.

Panama is an integral destination distinguished for its quality of life, its cosmopolitan air, the wide variety of financial services, an ideal climate, variety of landscapes, biodiversity, a dollar based economy, high security and an international airport that adds ever more routes attracting even more and more tourists.

Additional information on Buddha-Bar Hotel & Spa in Panama available at: http://www.buddhabarpanama.com