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American Trade Hotel

Panama City • Casco Viejo • OPTIMIZE

avg. $197 / night

Includes $10 / night in cash back

Cash back is redeemable via Virtual Visa, Venmo, or bank transfer starting 24-48 hours after check-out

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Cash back

5% cash back on all completed stays (redeemable via Virtual Visa, Venmo, or bank transfer starting 24-48 hours after check-out)

Credit card points

Credit and debit card charges are processed directly by the hotel (i.e. not PressBeyond), meaning that any travel-specific credit card points or incentives that you normally get as a cardholder for direct hotel bookings are preserved

Hotel loyalty points

Points accrual and status eligibility with major hotel loyalty programs: Marriott Bonvoy, Hilton Honors, World of Hyatt, and others

Free breakfast

Breakfast-included rate options available

Room upgrades

Complimentary room upgrades (subject to property availability)

Extend your stay

Early check-in and late check-out (subject to property availability)

Part of Small Luxury Hotels

Location

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PB hotel design editorial

Casco Viejo, Panama City's UNESCO-listed colonial quarter, has been fighting its own erasure for decades — a neighborhood of crumbling republican-era mansions and forgotten plazas slowly reclaimed by developers and idealists in roughly equal measure. The American Trade Hotel, which took over a restored 1917 building facing Plaza Herrera when it opened in 2013, belongs firmly in the idealist camp. The project came from Ace Hotel — then at the height of its cultural influence — working with Roman and Williams on the interiors, and the result is exactly what you'd hope from that pairing: a five-floor, 50-room property that wears its history without being consumed by it. The facade's white plasterwork, arched balconies, and dark hip roof carry the building's early twentieth-century Canal Zone character intact, glowing warmly against the Casco skyline at dusk. Inside, Roman and Williams balanced preservation instincts against their signature layering of periods and textures. Encaustic cement tiles in indigo and cream pattern the restaurant and bar floors — a direct reference to the Cuban and Spanish colonial influences threaded through Panamanian vernacular architecture. Guestrooms pair walnut headboards and dark-stained wide-plank floors with articulated swing-arm lamps in the Bestlite tradition and indigo block-print cushions, the atmosphere closer to a well-edited Panama City apartment than to conventional hotel design. Upper-floor rooms frame panoramic views across the Casco rooftops toward the Pacific, binoculars left casually on the writing desk suggesting the hotel knows exactly where its guests will want to look.

Travel notes

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About

A luxury hotel that brings the best of Panama to your doorstep. Rooms at American Trade Hotel provide a flat screen TV, air conditioning, free wifi and a minibar. In addition, while staying at American Trade Hotel guests have access to a 24 hour front desk. You can also enjoy a rooftop pool and an on-site restaurant. Need a place to park? Secured parking is available. For those interested in checking out popular landmarks while visiting Panama City, American Trade Hotel is located a short distance from Iglesia de la Merced (0.0 mi) and Cathedral at Old Panama (0.1 mi). While you’re here, be sure to check out some of the Asian restaurants, including Makoto Panama, Chin Chin, and Miss Cho, all of which are a short distance from American Trade Hotel. If you’re looking for things to do, you can check out Casco Viejo (0.1 mi), Cinta Costera (0.9 mi), or Avenida Balboa (1.2 mi), which are popular attractions amongst tourists, and they are all within walking distance.

Amenities

Pool

Wheelchair Access

Internet

Suites

Room service

Free Internet

Restaurant

Bar/Lounge

Airport transportation

Wifi

American Trade Hotel Reviews

748 reviews

"We stayed in a Panorama room which is relatively large (albeit with a bit of an odd latout) and has an expansive city view.  The bed was comfortable, wi fi was good and service all around was excellent.  The hotel is also in a prime location for exploring Casco.   Two things however were negatives.  The first is the room was showing its wear:  lots of nicks in the wood, a sink stopper that didn't work, a big chip in the toilet bowl seat and lots of build up on shower head and faucet.  (The public areas in the hotel however were better maintained).  The second is there is external noise - I.e. an outdoor bar directly across from the hotel that blasted music until 1:30 am.  I appreciated that the hotel provided earplugs but you could still hear the music. With respect to food and drink, we had breakfast at the hotel and it was an fine/average meal.  Unfortunately, although the coffee shop has high quality beans, the espresso shots they served were bitter. This was the first high end hotel in Casco Viejo many years ago. In my opinion there are better options these days - e.g.  The Sofitel or La Compañía where you will get a better sleep although at a higher price.  In the same price range I would give the nod to the Central Hotel which still can have some noise but was less in our experience."

A Tripadvisor traveler review

Apr 20, 2026

"We love the historic feel of the place. Definitely feels like old Panama. If you want to roll your bag into the room make sure to ask if you can do so. We stayed in room 111 and there were steps in the hallway which was inconvenient for large bag. The rooms are comfortable and the church bells did not bother us. Bathroom shower has a lot of water but we never could get it hot enough. Service excellent and friendly. Bar was closed at 7:30 PM. In the past there was always a lot of guest in restaurant and this time there were very few people in general."

A Tripadvisor traveler review

Apr 14, 2026

"Wonderful stay at but... As for areas of improvement, service can sometimes feel a bit slow during busy moments. Additionally, while the hotel’s boutique concept is part of its charm, it does mean that some facilities typically found in larger luxury hotels are limited. Perfect location in Casco Viejo, good place to unwind after exploring the city. Our trip was made truly unforgettable thanks to MiViajeaPanamá (+50763242898), who designed an incredible tailor-made journey across Panama: Caribbean and Pacific side, whale watching, sunrise at the highest mountain in Panama, virgin cays in Bocas del Toro..., every detail was thoughtfully organized. We highly recommend both the hotel and the agency for an authentic and memorable experience in Panama."

A Tripadvisor traveler review

Mar 09, 2026

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