The American Trade Hotel: Atelier Ace's latest venture gives new life to a Panama City landmark

American Trade Hotel
Atelier Ace's first independent venture, the freshly unveiled American Trade Hotel in Panama City, harks back to the property’s colonial roots. Photography: Courtesy of Atelier Ace, by Spencer Lowell
(Image credit: Atelier Ace, by Spencer Lowell)

A cultural revolution is afoot in Panama City. No stranger to international visitors, the tropical metropolis has just welcomed a particularly special new arrival in the shape of the American Trade Hotel. Conceived and managed by Atelier Ace - the creative arm of the Ace Hotel Group, which has just scooped a Wallpaper* Design Award 2014 - in partnership with local property developers Conservatorio, the beautiful colonial hotel offers an inspired take on the city's rich heritage.

Located in the heart of Panama City's historical quarter Casco Viejo (also a UNESCO World Heritage site), the American Trade Hotel takes its name from the building it occupies. Built in 1917 and designed by Leonardo Villanueva Meyer, a leading local architect at the time, the four-storey, neo-classical building housed the American Trade Developing Company, a department store at ground level, as well as modern apartments on the upper floors.

Following a period of decline that started in the 1960s and left the neighbourhood in increasing disarray, the building became derelict and was eventually abandoned by 2000, when it was taken over by street gangs. In 2007, it was purchased by Conservatorio, who specialise in preserving and restoring historic buildings in the Casco Viejo district, with the vision of turning it into a hub for the myriad of international visitors, like it once was.

As the tallest building in the neighbourhood, opposite a green plaza, the American Trade Hotel cuts a strong figure. With floor-to-ceiling paned windows and a whitewashed exterior, the majestic building has been restored to its former glory, with lots of details thrown in for good measure. Atelier Ace enlisted its repeat design collaborators, Commune Design, to oversee the aesthetic aspects of the property. Inspired by the building's provenance at the crossroads of culture and trade, Commune brought together a pastiche of design influences, ranging from Vienna secessionist to Mexican modernist and Italian postmodernist.

'We found that a lot of the furnishings had to be brought in, but that was really in the spirit of the narrative; that these things were collected by the owners of the hotel, who were at one point in Austria, Italy, Mexico and Britain,' explains Commune Design partner Roman Alonso. 'The sconces [in the lobby] are more Italian, while the sofas are more English. There's custom-made furniture that evokes Mexico in the 1960s, a lot of which was inspired by the Cuban designer Clara Porset, who lived and worked in Mexico. There is also one salon, which is furnished entirely with colonial antiquities that were all found.'

The same level of design attentiveness continues throughout the property. From a vintage Danish lamp paired with a palm-printed sofa in the library to Mathieu Mategot-inspired patio furniture on the terrace by the rooftop pool and the tiled, swimming hall-style fitness center, the hotel brims over with nostalgic touches. To cap things off, all 50 rooms are finished with reclaimed hardwood floors, stocked with Aesop amenities and showcase beautiful vistas of either Casco Viejo or the Panama Bay.

American Trade Hotel

Atelier Ace enlisted its repeat collaborators, Commune Design, to oversee the aesthetic aspects of the property, while the bones of the hotel were carefully restored by local architecture firm Hache Uve. Each room is a melange of design notions; contemporary furniture mixes with folk touches, such as hand embroidered pillows and textiles made in Mexico

(Image credit: TBC)

American Trade Hotel

In signature Atelier Ace fashion, the hotel's lobby (pictured) will also host a café offering pastries, breads and an in-house coffee roast blended exclusively by the local Café de Eleta, as well as a bar that will serve cocktails and light fare throughout the day

(Image credit: TBC)

American Trade Hotel

A charming interior courtyard is made all the more inviting with Commune’s custom-designed patio furniture and leather chairs by Marfa-based artisan Jamie Garza

(Image credit: TBC)

American Trade Hotel

A view of one of the hotel’s larger rooms, which includes furniture pieces made from hardwood reclaimed from the aftermath of Hurricane Felix in Nicaragua

(Image credit: TBC)

American Trade Hotel

A guest bathroom, which is stocked with Aesop products and pits a claw-footed bathtub against custom-designed floor tiles

(Image credit: TBC)

American Trade Hotel

The American Trade Building, pictured here in its heyday, was restored to its former glory to provide a home for the new hotel. Constructed in 1917, the building originally housed the American Trade Developing Company, a department store at ground level and the city’s first modern apartments in the floors above

(Image credit: TBC)

American Trade Hotel

The hotel is located on Plaza Herrera in Casco Viejo, the oldest district of Panama City. The walled neighbourhood was the centre of Panamanian life for 300 years, before it fell into a state of disrepair. Today, the crumbling area is in a period of transition as restoration projects dot every street corner

(Image credit: TBC)

ADDRESS

American Trade Hotel
Plaza Herrera
Casco Viejo
Panama City

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Pei-Ru Keh is a former US Editor at Wallpaper*. Born and raised in Singapore, she has been a New Yorker since 2013. Pei-Ru held various titles at Wallpaper* between 2007 and 2023. She reports on design, tech, art, architecture, fashion, beauty and lifestyle happenings in the United States, both in print and digitally. Pei-Ru took a key role in championing diversity and representation within Wallpaper's content pillars, actively seeking out stories that reflect a wide range of perspectives. She lives in Brooklyn with her husband and two children, and is currently learning how to drive.