Very Good 591 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 591 Reviews
Slow between appetizer and main
Reviewed 2 days ago

Food was good. The restaurant is conveniently located for those walking around Casco Viejo. The decor is beautiful and it is quite bright and ample. Service was good, not excellent but good. It took a little bit too long to get the food though.

Dinner Sunday night
Reviewed 4 days ago

Stoped by for dinner Sunday night. Very disappointing experience. No one to greet you at the front door, no one at the bar to order a drink from, the restaurant is dead at 9pm. Only one table in the corner finishing their meal. We ordered three courses which all came at the same time. Wine and water no one offered to refill for us. The food was mediocre tourist fair pizza/burger/poke ball. Definitely better places in town to enjoy Panamanian cousins with a more pleasant atmosphere.

So much character
Reviewed 5 days ago

My husband and I loved this hotel. It’s in the center of Casco Viejo where there are so many great places to eat. It was a nice change from the cosmopolitan downtown where we spent the first half of our week here. This area is up and coming and I hope we can visit it again in a few years to see the transformation. The service at this hotel is top-notch and the reataurant is excellent. I would recommend suggesting a room in the plaza side of the hotel, as it might be quieter.

Beautiful hotel right in the old city
Reviewed 2 weeks ago

Iconic hotel with all modern luxuries in superb location on plaza Herrera a short walk to all the sites of the old city. Beautiful balcony overlooking the plaza. Excellent restaurant. Oool is small but inviting. Will stay here again

Reviewed 2 weeks ago

Third visit and love the location and the rooms. But was extremely disappointed with breakfast and they way and the incremental charges. I paid 550 USD for a room including breakfast. First there was a limitation on number of items you could take (I only requested fruit, yogurt with granola and omelet). I was informed that I could only have 2 items. I accepted extra cost and when I asked for omelette with cheese and mushrooms, they informed the mushrooms would be extra charge. There is a limit on exploiting a great location!!! Think I will be staying somewhere else next time