The Buddha-Bar, well known around the world for its unique blend of dining and entertainment, is slated to open its first hotel in Panama in 2010. The Buddha-Bar Hotel & Spa Panama arrives in collaboration with developer, The Revat Group. Pre-construction has already commenced on the eight-story hotel, estimated at $40 million, with completion scheduled for 2010. Located in the heart of Panama City, Buddha-Bar Hotel & Spa Panama will feature 90 full-service suites. There will be a ribbon-cutting ceremony for the beginning of the construction of the project in June.