The American Trade Hotel in Panama City is a five-story landmark building with a colorful history in which Oregon based #Ace Hotels have created a 50-room hotel. Built in 1917, the American Trade Development Company building was Panama City’s tallest —and only the 2nd with elevator— and became the city’s first luxury high rise. Purchased in 2007 by Conservatorio SA, who specialize in revitalization of Panama’s historic district, it retains much of its original architectural detail.