Kempinski Hotels has announced its re-entry into Latin America with the signing of a management contract for a new luxury resort in Colón Province, Panama.

As part of its long-term growth strategy in key destinations, Kempinski now has an active pipeline in the Western Hemisphere, including projects in Cuba, the Dominican Republic, and Rio de Janeiro.

The new property in Panama is under development by Two Oceans Group in a prime location on the coast of the temperate waters of the Caribbean Sea, near the town of Portobelo on the Northern Isthmus of Panama. Situated in a natural reserve, surrounded by rainforest, approximately an hour drive from Panama airport the beachside resort will feature 106 luxurious rooms and suites – all with ocean view.

Furthermore 75 Kempinski Residences are planned from which 40 are directly located at the sea. The entire hotel complex will be built over several levels and connected by terraces. The heart of the resort is a plaza, where restaurants, boutiques and entertainment will be available. An extensive pool and spa area as well as watersport facilities will round up the offers. The beautiful beachside resort is schedulded to open in late 2015.

Reto Wittwer, President and CEO of Kempinski Hotels, is excited about the return of his company in the Latin American market: "After an absence of almost 15 years, now is the time to re-enter these growing markets. The region increasingly attracts tourists and our goal is to inspire in particular travellers from Europe and America with this new resort. We have achieved great success in Europe, Asia, the Middle East and Africa over the past years, and we are prepared to bring our expertise as the only independent European luxury hotel group to more key destinations and gateway cities across the globe."

Ulrich Schwark, Director of Two Oceans Group added "This resort will set a new standard of luxury in one of Central America's most beautiful locations. The Kempinski brand further strengthens the value of this development offer and ensures that we provide our guests the highest levels of service."