Real Estate and Hospitality

Arias, Fábrega & Fábrega is a trusted source of highly experienced legal counsel and strategies to clients in the real estate and hospitality sectors.

In the area of real estate, Arias, Fábrega & Fábrega lawyers advise purchasers, sellers and developers in a wide range of transactions across the spectrum of their real estate activities, including leasing of residences, offices and commercial premises, both for landlords and tenants; acquisition, development, construction, financing and operation of apartments, office buildings, shopping centers, hotels, casinos and beach resorts; as well as preparing condominium coownership bylaws for residences, offices and tourism projects, including approval and registration. 

In the hospitality industry, the ARIFA legal team has advised international operators, franchisors, franchisees, developers, tourism operators and travel agencies in the preparation and review of development and operation agreements, franchise, and license contracts, operating and tourism licenses, in obtaining tax benefits applicable to tourism activities, and in the establishment of their operations in Panama.

The experience developed by ARIFA's lawyers in the real estate sector is significant and is reflected in the execution of a variety of merger agreements and strategic alliances; in the competent understanding of the complex laws and regulations that govern hotels, casinos, especial zoning areas, the environment, construction and property; in the drafting of various types of real estate sales contracts, either directly or through the purchase of shares of the owner companies, construction and project development contracts, lease contracts, co-ownership regulations, mortgage contracts; performance of due diligence of target properties, preparation of legal opinions on real estate matters, and in the review of all types of financial structures on real estate from simple mortgage loans to complex international bond issuances and mortgage securitization.

The extensive knowledge of the ARIFA Real Estate legal team is also of great support to the clients of the firm with developments in the energy sector and in other commercial transactions.

Representative Clients

Marriott Hotels, Grivalia Hospitality Group, Grupo Hoteles Playa, BCD Travel, Sunwing Travel Group,, Regus, Sitel, Grupo Ameglio, Varela Hermanos, Azucarera Nacional y Tropigas.