Very Good 546 Reviews
Jetsetter Approved
This Hotel meets our standards
This hotel meets our standards, but we haven't stayed yet

What We Love

  • The hotel is from the crack team behind Ace Hotels
  • The coffee beans at craft roaster Café Unido are from Panama farms
  • Danilo's Jazz Club is a new hub for the city's nightlife crowd
  • The Panamanian-American fusion menu by chef Clara Icaza at the Dining Room

What To Know

  • Free WiFi
  • The hotel is ideally located in the historic neighborhood of Casco Viejo
  • Pets are allowed, although there are restrictions


  •  Bar
  •  Free WiFi
  •  Gym
  •  Handicap-accessible
  •  Parking On Site
  •  Pet-friendly
  •  Pool
  •  Restaurant
  •  Room Service
Disclaimer: This content was accurate at the time the hotel was reviewed. Please check our partner sites when booking to verify that details are still correct.
Bedroom Modern property living room hardwood home Suite condominium wood flooring cottage loft


Landmark Casco Viejo property reinvented as a hip hangout with a buzzy jazz club

The Lowdown

Leave it to the brilliant minds behind Seattle’s Ace Hotel empire to capture the relaxed, artsy-cool spirit of Panama City. A joint undertaking between Atelier Ace, Panama City–based Conservatorio, and Commune Design, this four-story hotel is set in the historic neighborhood of Casco Viejo and housed in a 1917 neoclassical landmark building. (The name is a reference to its origin as a department store called the American Trade Developing Company.) Expect the kind of pared-back urban cool we’ve come to expect from this designer gang, along with Latin American colonial touches like hand-painted tiles, potted palms and ceiling fans. Naturally, you’ll also find such Ace essentials as Third Wave coffee and a lobby that doubles as a neighborhood lounge. Hit the louche jazz club, named for Panamanian pianist Danilo Perez, and snack on dishes that range from Latin-inflected (plantain empanadas, pulled pork with avocado, escabeche) to U.S.-inspired classics like hamburgers and po’boys at Clara Icaza’s Dining Room; Icaza is considered one of Latin America’s best chefs.

In the Area

Hike to the summit of Cerro Ancon, a 654-foot hill overlooking Panama City. The trek is worth it for the breathtaking views. Once you’re back down, hit the Miraflores Visitor Center, a top spot to witness the fascinating workings of the Panama Canal, before joining a walking tour of Casco Viejo with Urban Adventures, which employs local guides. Afterward, recaffeinate at the charming Café de Asis, which is housed in a beautifully restored 19th-century building, before having a sorbet or ice cream at cult ice-creamery Gran Clement, also located in the old quarter.

How to Get There

American Trade Hotel
Plaza Herrera Casco Viejo
Panama City, undefined Panama


4.5 Very Good 546 Reviews
charming and with great service
Reviewed 5 days ago

The American Trade Hotel is a wonderfully restored space, with great character and style. The attention to detail in the décor and aesthetics' is clearly well thought out, if this is your style.

We stayed in one of the smaller rooms; and we found it plenty spacious given the original vintage of the hotel (we expected "NYC or Paris boutique-hotel-small", and it was larger). The room was facing the harbor so the ongoing church bells ringing didn't bother us.

The service was great - from the doorman to reception. The coffee shop attached and restaurant were both very good. The pool area was larger than many roof-top pools; though it's more in a court yard area than a traditional roof-top pool.

In the end - we found the room to be a good value, given the quality of the space/service. It's a great area to stay in Casco Viejo, and we'll be back.

Comfortable but really small
Reviewed 2 weeks ago

Hotel has very nice location in Casco Viejo; lots of places to eat and drink just few steps away. It has its own restaurant if you don't want to venture out. It has Cafe Unido at the lobby that serves really good coffee.

What I don't like is that the rooms are really small for a room rate of at least US$225. Also, avoid rooms facing the church; really loud music from bars in that area. It did not bother me because I'm used to things like that but I'm pretty sure people to prefer quiet comfort will be aggravated.

Historic and Unique
Reviewed 2 weeks ago

I love this hotel in the middle of the old city. You step in and imagine what it must have been like in the old days with a modern, updated twist.. It's stunning with gorgeous concrete painted tiles and a big open lobby made for lounging. My room had a little balcony and a very comfortable bed. It was very spacious as well. The shower was large, hot water was plentiful. It's located next to a great jazz club as well. There is a really great exercise room with all you need. What is most amazing is the location. You can walk to great restaurants and other sights. There is a great cafe to get delicious coffee each day. My room was located on the same floor as the pool. This area was a quiet little oasis with comfortable seating. This is truly a lovely hotel.

Beautiful Hotel in the Old City
Reviewed 4 weeks ago

The American Trade Hotel is beautifully restored hotel with the accents of a hotel from the turn of the last century yet with the modern amenities of air conditioning, wifi and an exercise room.

The staff was pleasant and responsive and the location puts you at the center of the old city within a short walk of all the sights as well as a number of restaurants and bars.

Unfortunately, it is very noisy!
Reviewed 1 month ago

Nice hotel, good service, big rooms with high ceiling .... however, rooms from 01 to 12, at each floor are just in front of a huge bell at a beautiful church.

The view from my room was espectacular, a huge copper bell probably 500 years old.

Just bear in mind that huge bell will go on a on from 6:30 am till 9:00 pm.; every 15 minutes.

If you need to attend a call, forget doing it from you room. If you want to sleep very early or wake up after 6:30, simply go to other hotel.

Apart from that, a lovely hotel.