Artificial Intelligence
Builders Company
Developers/Grupo Los Pueblos
GL
Grupo Los PueblosPanama City, Panama · founded 1985 · 1 active markets
PRIVATE

GLP develops master-planned residential communities, luxury apartments, houses, villas, commercial spaces and public infrastructure in Panama for families, residents, investors and businesses, combining property sales with leasing, management and investment opportunities across urban, beach and mixed-use destinations throughout the country.

Years in business
41
founded 1985
LinkedIn headcount
226
employees, as shown on LinkedIn · size band 201–500
Total projects
more than 60 projects built and delivered
across the company’s whole history
Units delivered
more than 27,000 real-estate units
as the company states it
Projects last researched October 10, 2026
Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name
CORPORACION LOS PUEBLOS S A1
Headquarters
Calle 56A Este1, Panama City1, Panama
Founded
19851
Entity type
PRIVATE1
Business model
offplan for sale1, commercial1, masterplan1
Markets
1 market listed
What they build
Other (2 of 5) · Residential, for sale (2 of 5) · Hotel (1 of 5)
Full dossier in About →

Delivery record

2 date-assessed of 5 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
5
within the rolling ten-year window
Median delay
0.0 mo
the middle of 2 scored projects
Average delay
0.0 mo
the same projects, pulled by the worst
Average time to deliver
—
1 delivered project with a dated start — needs 3
Worst slip
0.0 mo
Santa María Country Club — Casa Club · −11.0 to +11.0
2
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
0
red rows below

Against other developers

2 date-assessed projects here
Not enough info yet.
Projects and timelines in Track Record →

Resident experience

4 of 5 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
9.2/ 10
Weighted judgment across build and operations · from 4 of 4 rated buildings
Little structure evidence (2 of 4 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
6.9/ 10
Fabric, services, waterproofing, envelope · from 2 of 4 rated buildings
Management & living
7.7/ 10
Upkeep, response times, amenities, community · from 4 of 4 rated buildings

Against other developers

not enough rated buildings yet
Not enough rated buildings in Panama yet to compare against.
Ratings by building →

Awards & recognition

No documented awards or recognitions in the sources reviewed.

All awards →

Risks & source coverage

  • FINANCIAL DISTRESS Reported September 5, 2026; registry position stated as of September 2026 A September 5, 2026 report based on Panama’s Public Registry stated that 17 apartments in Signature Santa María carried annotations arising from a criminal-court seizure and a lender’s foreclosure against the company that built the tower; the report expressly attributed the matter to that project company rather than to individual homeowners or, by implication, the developer’s parent, and no resolution was identified in the retrieved source.
Record status
active
Company sources
78 source entries across 78 fields
Projects tracked
5 · 5 completed in assessment
All flags and sources →

Track Record

Delivery record

2 date-assessed of 5 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
5
within the rolling ten-year window
Median delay
0.0 mo
the middle of 2 scored projects
Average delay
0.0 mo
the same projects, pulled by the worst
Average time to deliver
—
1 delivered project with a dated start — needs 3
Worst slip
0.0 mo
Santa María Country Club — Casa Club · −11.0 to +11.0
2
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
0
red rows below

Against other developers

2 date-assessed projects here
Not enough info yet.

Construction start to handover

5 of 5 projects dated · 1 place
Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.
Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled
Panama City
2015201620172018201920202021202220232024202520262027todayPANAMA CITYcompleted, no target publishedon timeverifiedcompleted, no target publishedon timeverifiedcompleted, no target published
Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures. 1 dated statement is held back: a broker listing with no date on it, or a page with no year, cannot fix a date.

Building & Livability Ratings

Resident experience

4 of 5 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
9.2/ 10
Weighted judgment across build and operations · from 4 of 4 rated buildings
Little structure evidence (2 of 4 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
6.9/ 10
Fabric, services, waterproofing, envelope · from 2 of 4 rated buildings
Management & living
7.7/ 10
Upkeep, response times, amenities, community · from 4 of 4 rated buildings

Against other developers

not enough rated buildings yet
Not enough rated buildings in Panama yet to compare against.

By building

4 rated · 1 not rated · scale 1–10
ProjectOverallStructure & systemsManagement & living
Santa María Country Club — Casa ClubSanta María, Panama City
9.6/ 10
6.6/ 10
18Birdies 4.5/5 · 12 reviews · 18birdies.com
Golfshake 3.5/5 · 2 reviews · golfshake.com
Leading Courses 8/10 · 6 reviews · leadingcourses.com
Combined from 3 published figures on 3 platforms, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 6.6.
6.6/ 10
18Birdies 4.2/5 · 12 reviews · 18birdies.com
Golfshake 4/5, 4.5/5 · 2 reviews · golfshake.com
Leading Courses 9.1/10, 7.3/10, 8/10 · 6 reviews · leadingcourses.com
Combined from 6 published figures on 3 platforms, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 6.6.

The largest published review base is the 4.8/5 Google Reviews/Maps aggregate from 39 reviews, converted to 9.4/10 under the requested curve. The score is adjusted modestly upward for repeated praise of staff, cleanliness, amenities and maintenance, with a small offset for nearby construction and wayfinding complaints. Structure is separately limited to the published course/facility evidence; no residential systems evidence was found.

+ Well-maintained greens and fairways+ Renovated bunker drainage+ Improved practice facilities+ Clean sports facilities+ Quality golf carts and equipment
− Rain-related bunker washouts− Ongoing construction nearby− Some course signage lacking− Challenging wet-weather conditions
Not found in sources: No residential engineering evidence
+ Friendly staff+ Clean common facilities+ Broad sports amenities+ Restaurant and bar+ Pool and wellness facilities
− Nearby high-rise construction− Nearby road and bridge works− Limited course wayfinding− GPS unavailable on carts− Mostly guest/golfer rather than resident feedback

Published reviews describe the course and facilities as generally well maintained: one reviewer called the conditions “good,” while another reported “very good maintenance.” The 2023 club announcement records completion of 50 bunker renovations with new drainage liners and practice-area upgrades, addressing previously reported washout and maintenance difficulties; this is a completed 2023 project, not a forecast. No review located provides evidence about residential building structure, plumbing, HVAC or electrical systems specifically.

The daily club experience described by reviewers is strongly positive: “the staff are great,” “Muy prolijo, limpio, excelente,” and the club is praised for its restaurant, sports areas, pool and security. The main operational caveats are limited wayfinding—“course signage is a bit lacking”—and nearby high-rise, road and bridge construction; the evidence is primarily member/visitor and golfer feedback rather than long-term residential reviews.

The CrescentSanta María, Panama City32 units
9.4/ 10
—/ 10
9.4/ 10

The building-specific aggregate of 4.8/5 from 12 reviews is the only published review rating located and therefore sets the anchor; applying the stated 4.5-to-5.0 conversion curve gives 9.4/10. The visible written material contains mostly positive comments and one mixed transport complaint, but no recurring or severe building failure, so no commentary adjustment is applied; structure remains unevidenced.

+ Marble floors+ Double-pane windows+ Reserve water tank+ 24-hour security+ Finished homes reported
Not found in sources: No structural review detail · No plumbing review detail · No HVAC review detail · No electrical review detail · No leak or waterproofing review detail
+ Scenic golf-course setting+ Green landscaped areas+ Low-density community+ 24-hour security advertised+ Positive general service comments
− Peak-hour transport reported deficient− Peak-hour transport reported unsafe− No sheltered waiting areas reported
Not found in sources: Limited resident-management feedback · Limited amenity-specific review detail

No reviewed source supplied a resident-observed assessment of the structure, plumbing, HVAC, electrical systems, leaks or waterproofing. The available property material describes marble floors, double-pane aluminum windows and a reserve water tank, while the review material contains only general praise such as “Bonito” and no infrastructure-specific complaint; these are advertised or general observations, not an engineering inspection.

The visible review set is strongly favorable: reviewers wrote “Excelente servicio”, “Lujo” and “Hermoso”, and one reviewer highlighted the pleasant landscape. The sole mixed review said transport was “muy deficiente” and “Inseguro” at peak times and that there were no shelters at waiting terminals; this is a community-transport complaint, not evidence of a building-management or structural failure.

The Santa Maria, a Luxury Collection Hotel & Golf Resort, Panama CitySanta María, Panama City182 units
9.0/ 10
—/ 10
8.6/ 10
Booking.com 9.7/10, 9.6/10, 9.6/10, 9.2/10, 8.8/10, 9.4/10 · 191 reviews · booking.com
Tripadvisor 4.9/5, 4.6/5, 4.8/5 · 520 reviews · tripadvisor.com
Combined from 9 published figures on 2 platforms, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 8.6.

Expedia’s 9.6/10 from 702 reviews is the largest qualifying review base and sets a converted level of about 9.2/10. The evidence is guest-based rather than resident-based; recurring praise supports a high daily-living score, while recurring service friction modestly reduces it. No publishable evidence supports a separate structural score.

+ Well-maintained rooms+ Clean interiors+ Comfortable rooms+ Well-kept golf course+ High-quality bathrooms
Not found in sources: No recurring structural defect found · No recurring plumbing defect found · No recurring HVAC defect found · No recurring electrical defect found · No recurring leak or waterproofing defect found
+ Attentive staff+ Clean rooms+ Strong breakfast+ Well-kept golf course+ Good pool and spa
− Slow response on some requests− Occasional short staffing− Distance from attractions− Limited vegetarian choices− One adjacent security incident

no notes returned

no links returned

Published reviews repeatedly praise the daily experience: guests describe “friendly and courteous” staff, “very clean” rooms, a strong breakfast buffet, and a well-maintained golf course. The operational negatives are less frequent but concrete: one reviewer reported that it was “almost impossible” to get ice initially, another said the bar seemed “a bit short staffed,” and a serious January 2026 review described an armed robbery immediately adjacent to the property.

Santa María Country Club — Phase 3Santa María, Panama City
8.9/ 10
7.2/ 10
18Birdies 4.5/5 · 12 reviews · 18birdies.com
GolfPass 4/5 · 1 review · golfpass.com
Combined from 2 published figures on 2 platforms, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 7.2.
6.2/ 10
18Birdies 4.2/5 · 12 reviews · 18birdies.com
GolfPass 3/5 · 1 review · golfpass.com
Combined from 2 published figures on 2 platforms, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 6.2.

The largest published review base located for the specific Santa María Country Club is Google Reviews/Maps at 4.8/5 from 39 reviews, which converts to 8.5/10 under the specified curve. The available commentary is uniformly positive about staff, cleanliness, security and amenities, but there is no independent resident evidence about the physical structure of Phase 3, so structure remains unevidenced rather than penalized. Phase 3 itself was publicly announced as completed on April 1, 2025; that is a completion commitment/status statement, not a resident review.

+ Friendly staff+ Clean facilities+ Sports amenities+ Restaurant variety+ Security praised
Not found in sources: No recurring complaint found · No management-delay report found · No staff complaint found · No security complaint found · No upkeep complaint found

no notes returned

no links returned

The published club reviews are strongly positive about daily use: “The place is just awesome and the staff are great,” while another praises a “prolijo, limpio” sports venue and a separate review explicitly mentions “cuidado, limpieza y seguridad.” The club’s published description lists restaurants, event halls, terraces, pools, wellness areas and sports facilities; these are amenity descriptions rather than independent resident ratings.

Only buildings that have reached handover are rated. 1 of 5 projects carries no rating: a building still under construction is never asked about, one that has just been handed over may not have been reached yet, and the rest were asked about and no published resident commentary was found. Structure is fixed at handover and stays the developer's; management and living belongs to whoever runs the building now. The overall verdict weights both rather than averaging them. None of this is checked: a rating is what people published about a building, aggregated — it is not evidence, it cannot move a delay figure, and it is not part of the delivery record above.

About

Company dossier

Legal name
CORPORACION LOS PUEBLOS S A
Headquarters
Calle 56A Este, Panama City, Panama
Paitilla
Founded
1985
PA
Entity type
PRIVATE
Revenue
not published
Business model
offplan for sale, commercial, masterplan

Partners

3 partners
Nicklaus Design
partner

The Santa María community was developed around an 18-hole golf course designed by Nicklaus Design.

George Moreno Partners
partner

The firm co-designed Bosco di Santa María with Mallol & Mallol.

Mallol & Mallol
partner

The firm co-designed Bosco di Santa María with George Moreno Partners.

Sources: name

COMPANY2026-01-12

Apartamentos de Lujo en Santa María

Grupo Los Pueblos
Santa María es especial por estar desarrollada alrededor de una cancha de Golf de 18 hoyos de Nicklaus Design
value seen: Nicklaus Design
https://glp.com.pa/glp-santa-maria-panama/

Sources: summary

COMPANY2026-01-12

Apartamentos de Lujo en Santa María

Grupo Los Pueblos
Santa María es especial por estar desarrollada alrededor de una cancha de Golf de 18 hoyos de Nicklaus Design
value seen: developed around an 18-hole golf course designed by Nicklaus Design
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://glp.com.pa/glp-santa-maria-panama/

Sources: name

COMPANY2025-10-28

Bosco Di Santa Maria

Grupo Los Pueblos
Two of the country’s top architects, George Moreno Partners and Mallol & Mallol, came together and designed something that is totally original
value seen: George Moreno Partners
https://glp.com.pa/en/bosco-di-santa-maria-glps-new-icon-in-panama/

Sources: name

COMPANY2025-10-28

Bosco Di Santa Maria

Grupo Los Pueblos
Two of the country’s top architects, George Moreno Partners and Mallol & Mallol, came together and designed something that is totally original
value seen: Mallol & Mallol
https://glp.com.pa/en/bosco-di-santa-maria-glps-new-icon-in-panama/

Registrations & licences

TAX ID36236 151-262794 DV 78
Panama Emprende (MICi) · PA · Vigente
Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

1 countries
Panamaactive 0 projects tracked
5 of 5 projects carry no country in the record — most of those name only a city — so they are not counted against a market here.

What they build

3 types
Other2 of 5
Residential, for sale2 of 5
Hotel1 of 5
A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

6 names found
FF
Fernando Federico Duque Maldonado
Fernando Duque is the clearest publicly documented owner-level principal: Grupo VerdeAzul’s team page identifies him as the owner of Santa Maria Golf & Country Club and as a director of Ideal Living Corp. He is also Executive President of Buenaventura Tourist Development and has a construction-and-hospitality track record, with board leadership at The Bristol Hotel and Casamar Development.
Current title
Owner of Santa Maria Golf & Country Club; member of the Board of Directors of Ideal Living Corp.
Experience
no career length stated
Companies before
none sourced
Education
University of MiamiIndustrial Engineering
INCAEMBA
Other boards
President, Board of Directors, The Bristol Hotel, S.A.President, Board of Directors, Casamar Development S.A.Board member, Quality Residential Development S.A.Board member, Ideal Living Corp.
Known for
OwnerExecutive PresidentConstruction and hospitalityIndustrial EngineeringMBA

Sources: education

COMPANYdate not shown in source

Our team – Grupo Verde Azul

Grupo Verde Azul
He obtained a degree in Industrial Engineering from the University of Miami in 1991 and holds an MBA from INCAE in 1994.
value seen: Industrial Engineering from the University of Miami; MBA from INCAE
held out of the figures · the quote does not carry this value
https://grupoverdeazul.com/en/our-team/

Sources: full name

DIRECTORYdate not shown in source

IDEAL LIVING CORP. - Profile &directors

Panama Empresas
Legal representative FERNANDO FEDERICO DUQUE MALDONADO
value seen: FERNANDO FEDERICO DUQUE MALDONADO
https://panamaempresas.com/en/companies/ideal-living-corp-id-2B21163CA7ADFB68

Sources: other boards

COMPANYdate not shown in source

Our team – Grupo Verde Azul

Grupo Verde Azul
he is the president of the board of directors of Casamar Development S.A., a member of the board of directors of Quality Residential Development S.A. and Ideal Living Corp
value seen: President of the board of directors of Casamar Development S.A.; member of the board of directors of Quality Residential Development S.A. and Ideal Living Corp
held out of the figures · the quote does not carry this value
https://grupoverdeazul.com/en/our-team/

Sources: role type

COMPANYdate not shown in source

Our team – Grupo Verde Azul

Grupo Verde Azul
and the owner of Santa Maria Golf & Country Club.
value seen: owner of Santa Maria Golf & Country Club
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://grupoverdeazul.com/en/our-team/

Sources: summary

COMPANYdate not shown in source

Our team – Grupo Verde Azul

Grupo Verde Azul
Fernando Duque holds the position of Executive President of Buenaventura Tourist Development S.A. With a professional career in promoting the construction and hospitality industry for several years, he is currently a member of the Board of Directors of The Bristol Hotel, S.A., where he serves as President. Additionally, he is the president of the board of directors of Casamar Development S.A., a member of the board of directors of Quality Residential Development S.A. and Ideal Living Corp, and the owner of Santa Maria Golf & Country Club.
value seen: owner of Santa Maria Golf & Country Club; member of the Board of Directors of Ideal Living Corp.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://grupoverdeazul.com/en/our-team/

Sources: tags

COMPANYdate not shown in source

Our team – Grupo Verde Azul

Grupo Verde Azul
He obtained a degree in Industrial Engineering from the University of Miami in 1991 and holds an MBA from INCAE in 1994.
value seen: Industrial Engineering; MBA
held out of the figures · the quote does not carry this value
https://grupoverdeazul.com/en/our-team/

Sources: title

COMPANYdate not shown in source

Our team – Grupo Verde Azul

Grupo Verde Azul
Additionally, he is the president of the board of directors of Casamar Development S.A., a member of the board of directors of Quality Residential Development S.A. and Ideal Living Corp, and the owner of Santa Maria Golf & Country Club.
value seen: owner of Santa Maria Golf & Country Club; member of the Board of Directors of Ideal Living Corp.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://grupoverdeazul.com/en/our-team/
MA
Mayor Alfredo Aleman Chiari
The corporate registry identifies Mayor Alfredo Aleman Chiari as President of Ideal Living Corp., the company whose trade name and registered business presence are Santa María Golf & Country Club. Independent reporting also names him among the local business principals backing the project; current Grupo Los Pueblos material describes him as its leadership figure.
Current title
President, Ideal Living Corp.
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
PresidentLegal representativeGrupo Los Pueblos

Sources: full name

DIRECTORYdate not shown in source

IDEAL LIVING CORP. - Profile &directors

Panama Empresas
Name MAYOR ALFREDO ALEMAN CHIARI President32
value seen: MAYOR ALFREDO ALEMAN CHIARI
https://panamaempresas.com/en/companies/ideal-living-corp-id-2B21163CA7ADFB68

Sources: summary

COMPANY2025-08-01

Tu Hogar de Ensueño en Panamá 40 años construyendo sueños desde 1985

Grupo Los Pueblos
Con el liderazgo visionario de Mayor Alfredo Alemán, hemos construido un legado de excelencia que define el futuro inmobiliario de Panamá.
value seen: President of Ideal Living Corp.; project backing by Grupo Los Pueblos
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://glp.com.pa/grupo-los-pueblos-desarrollador-inmobiliario/

Sources: tags

COMPANY2025-08-01

Tu Hogar de Ensueño en Panamá 40 años construyendo sueños desde 1985

Grupo Los Pueblos
Grupo Los Pueblos es el desarrollador inmobiliario líder de Panamá, transformando vidas with projects that range from urban apartments to beachfront villas. Con el liderazgo visionario de Mayor Alfredo Alemán, hemos construido un legado de excelencia que define el futuro inmobiliario de Panamá.
value seen: President; Grupo Los Pueblos
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://glp.com.pa/grupo-los-pueblos-desarrollador-inmobiliario/

Sources: title

DIRECTORYdate not shown in source

IDEAL LIVING CORP. - Profile &directors

Panama Empresas
Name MAYOR ALFREDO ALEMAN President32 Role:President
value seen: President
https://panamaempresas.com/en/companies/ideal-living-corp-id-2B21163CA7ADFB68
CP
Carlos Pellas Chamorro
Carlos Pellas Chamorro is documented as both a director and treasurer of Ideal Living Corp. The contemporary project reporting places the Pellas business group among Santa María’s backing groups, making him a documented control-side principal rather than an operating executive.
Current title
Director and Treasurer, Ideal Living Corp.
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
DirectorTreasurerPellas group investor

Sources: full name

DIRECTORYdate not shown in source

IDEAL LIVING CORP. - Profile &directors

Panama Empresas
Name CARLOS PELLAS CHAMORRO Director42
value seen: CARLOS PELLAS CHAMORRO
https://panamaempresas.com/en/companies/ideal-living-corp-id-2B21163CA7ADFB68

Sources: summary

PRESS2007-05-29

SANTA MARÍA GOLF & COUNTRY CLUB | Corredor Sur

Capital Financiero (republished by SkyscraperCity)
Este proyecto cuenta con el respaldo de dos de los más importantes grupos empresariales de Panamá y Centroamérica, como son los grupos Motta y Pellas
value seen: the project has the backing of the Motta and Pellas groups
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.skyscrapercity.com/threads/santa-mar%C3%ADa-golf-country-club-corredor-sur.479688/

Sources: tags

DIRECTORYdate not shown in source

IDEAL LIVING CORP. - Profile &directors

Panama Empresas
Name CARLOS PELLAS CHAMORRO Director42 Role:Director Name CARLOS PELLAS CHAMORRO Treasurer42 Role:Treasurer
value seen: Director; Treasurer; Pellas group
held out of the figures · the quote does not carry this value
https://panamaempresas.com/en/companies/ideal-living-corp-id-2B21163CA7ADFB68

Sources: title

DIRECTORYdate not shown in source

IDEAL LIVING CORP. - Profile &directors

Panama Empresas
Name CARLOS PELLAS CHAMORRO Treasurer42 Role:Treasurer
value seen: Director; Treasurer
held out of the figures · the quote does not carry this value
https://panamaempresas.com/en/companies/ideal-living-corp-id-2B21163CA7ADFB68
AM
Alberto Motta Page
Alberto Motta Page is listed in the Ideal Living Corp. registry as both Director and Board Member. Independent reporting identifies the Motta group among the major business groups backing Santa María, supporting his inclusion as a control-side principal.
Current title
Director and Board Member, Ideal Living Corp.
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
DirectorBoard MemberMotta group investor

Sources: full name

DIRECTORYdate not shown in source

IDEAL LIVING CORP. - Profile &directors

Panama Empresas
Name ALBERTO MOTTA PAGE Director136 Role:Director Name ALBERTO MOTTA PAGE Board Member136 Role:Board Member
value seen: ALBERTO MOTTA PAGE
https://panamaempresas.com/en/companies/ideal-living-corp-id-2B21163CA7ADFB68

Sources: summary

PRESS2007-05-29

SANTA MARÍA GOLF & COUNTRY CLUB | Corredor Sur

Capital Financiero (republished by SkyscraperCity)
Este proyecto cuenta con el respaldo de dos de los más importantes grupos empresariales de Panamá y Centroamérica, como son los grupos Motta y Pellas
value seen: the project has the backing of the Motta and Pellas groups
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.skyscrapercity.com/threads/santa-mar%C3%ADa-golf-country-club-corredor-sur.479688/

Sources: tags

DIRECTORYdate not shown in source

IDEAL LIVING CORP. - Profile &directors

Panama Empresas
Name ALBERTO MOTTA PAGE Director136 Role:Director Name ALBERTO MOTTA PAGE Board Member136 Role:Board Member
value seen: Director; Board Member; Motta group
held out of the figures · the quote does not carry this value
https://panamaempresas.com/en/companies/ideal-living-corp-id-2B21163CA7ADFB68

Sources: title

DIRECTORYdate not shown in source

IDEAL LIVING CORP. - Profile &directors

Panama Empresas
Name ALBERTO MOTTA PAGE Director136 Role:Director Name ALBERTO MOTTA PAGE Board Member136 Role:Board Member
value seen: Director; Board Member
held out of the figures · the quote does not carry this value
https://panamaempresas.com/en/companies/ideal-living-corp-id-2B21163CA7ADFB68
CH
Carlos Hernandez Garcia
Carlos Hernandez Garcia is a current director of Santa Maria Golf & Country Club and serves on Ideal Living Corp.’s Board, Executive Committee and Finance Committee. He previously served as Director General during the project’s launch and is now President and CEO of Pellas Development, with experience leading large Central American luxury-resort and real-estate developments.
Current title
Director, Santa Maria Golf & Country Club; member of the Ideal Living Corp. Board, Executive Committee and Finance Committee
since Jan 2014
Experience
no career length stated
Companies before
Fairmont Hotels & Resorts
Education
Universidad Iberoamericana, Ciudad de MéxicoBachelor's degree in Civil Engineering
Florida International UniversityMaster of Science in Finance
Kellogg School of Management at Northwestern UniversityAdvanced Management Program
Other boards
Recreational Council of the Urban Land Institute
Known for
Current directorExecutive CommitteeFinance CommitteeCEO, Pellas DevelopmentLuxury real estate
https://linkedin.com/in/carlos-hernandez-a299949

Sources: education

SOCIALdate not shown in source

Carlos Hernandez

Carlos Hernandez · carried by linkedin.com
Hernandez graduated with a Bachelor's degree in Civil Engineering from the Universidad Iberoamericana in Mexico City, and he earned a Master of Science in Finance at Florida International University in 2003 and completed the Advance Management Program AMP at Kellogg School of Management at Northwestern University.
value seen: Bachelor's degree in Civil Engineering from the Universidad Iberoamericana in Mexico City; Master of Science in Finance at Florida International University; Advance Management Program AMP at Kellogg School of Management at Northwestern University
held out of the figures · the quote does not carry this value
https://linkedin.com/in/carlos-hernandez-a299949

Sources: full name

SOCIALdate not shown in source

Carlos Hernandez

LinkedIn
### Director - Santa Maria Golf & Country Club, Panama (Current)
value seen: Carlos Hernandez
held out of the figures · the quote does not carry this value
https://linkedin.com/in/carlos-hernandez-a299949

Sources: previous companies

SOCIALdate not shown in source

Carlos Hernandez

LinkedIn
### Director Design Construction - Mexico - [Fairmont Hotels & Resorts]
value seen: Fairmont Hotels & Resorts
https://linkedin.com/in/carlos-hernandez-a299949

Sources: role type

SOCIALdate not shown in source

Carlos Hernandez

LinkedIn
### Director - Santa Maria Golf & Country Club, Panama (Current)
value seen: Director - Santa Maria Golf & Country Club, Panama (Current)
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://linkedin.com/in/carlos-hernandez-a299949

Sources: since

SOCIALdate not shown in source

Carlos Hernandez

LinkedIn
Jan 2014 - Present (11 years and 2 months) in Panama
value seen: Jan 2014
https://linkedin.com/in/carlos-hernandez-a299949

Sources: summary

SOCIALdate not shown in source

Carlos Hernandez

LinkedIn
As President and CEO of Pellas Development Group, Carlos Hernandez oversees a land and resort development portfolio in Central America in excess of one billion dollars in asset value and more than 21 million square meters of land reserves. He has directed the conceptualization of the most innovative, sustainable, imaginative and iconic communities in the region in recent years, including Santa Maria Golf & Country Club in Panama City, Panama
value seen: CEO of Pellas Development; current director of Santa Maria Golf & Country Club
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://linkedin.com/in/carlos-hernandez-a299949

Sources: tags

SOCIALdate not shown in source

Carlos Hernandez

LinkedIn
Member of the Board of Directors, Executive Committee and Finance Committee of IDEAL LIVING CORP.
value seen: Executive Committee; Finance Committee; CEO of Pellas Development; Civil Engineering
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://linkedin.com/in/carlos-hernandez-a299949

Sources: title

SOCIALdate not shown in source

Carlos Hernandez

LinkedIn
### Director - Santa Maria Golf & Country Club, Panama (Current) Member of the Board of Directors, Executive Committee and Finance Committee of IDEAL LIVING CORP. the company responsible for the development, construction, sales and operations of Santa Maria Golf & Country Club in Panama CIty, Panama.
value seen: Director - Santa Maria Golf & Country Club, Panama (Current); Member of the Board of Directors, Executive Committee and Finance Committee of IDEAL LIVING CORP.
https://linkedin.com/in/carlos-hernandez-a299949
DV
Diego Vallarino Lewis
Diego Vallarino Lewis is the CEO and Executive President of Grupo VerdeAzul, the group whose portfolio includes the Santa Maria Hotel & Golf Resort. He has completed more than $300 million in residential, hospitality and infrastructure projects; before joining Grupo VerdeAzul he co-founded Futurad and worked as a Banco Santander financial analyst.
Current title
Executive President and CEO, Grupo VerdeAzul
Experience
no career length stated
Companies before
FuturadBanco Santander
Education
Harvard Business SchoolMBA
University of AlcaláMaster’s in Finance and Banking
Cornell UniversityBachelor of Science in Operations Research and Industrial Engineering
Other boards
Former chairman, Board of Directors, Banco Nacional (2017–2019)
Known for
CEOExecutive PresidentReal estate$300M+ projectsHarvard MBA

Sources: education

COMPANYdate not shown in source

Our team – Grupo Verde Azul

Grupo Verde Azul
Mr. Vallarino holds an MBA from Harvard Business School, a master’s in Finance and Banking from the University of Alcalá, and a Bachelor of Science in Operations Research and Industrial Engineering from Cornell University.
value seen: MBA from Harvard Business School; master’s in Finance and Banking from the University of Alcalá; Bachelor of Science in Operations Research and Industrial Engineering from Cornell University
held out of the figures · the quote does not carry this value
https://grupoverdeazul.com/en/our-team/

Sources: full name

COMPANYdate not shown in source

Our team – Grupo Verde Azul

Grupo Verde Azul
## Diego Vallarino Lewis
value seen: Diego Vallarino Lewis
https://grupoverdeazul.com/en/our-team/

Sources: other boards

COMPANYdate not shown in source

Our team – Grupo Verde Azul

Grupo Verde Azul
In 2014, Mr. Vallarino became a board member of Banco Nacional ... In October 2017, he was appointed chairman of the Board of Directors, a position he held until 2019.
value seen: board member of Banco Nacional; chairman of the Board of Directors from October 2017 until 2019
https://grupoverdeazul.com/en/our-team/

Sources: previous companies

COMPANYdate not shown in source

Our team – Grupo Verde Azul

Grupo Verde Azul
Before joining Grupo VerdeAzul in 2012, Mr. Vallarino co-founded Futurad, an outdoor digital signage company, and worked as a financial analyst for Banco Santander in Madrid, Spain, from 2010-2012.
value seen: Futurad; Banco Santander
held out of the figures · the quote does not carry this value
https://grupoverdeazul.com/en/our-team/

Sources: role type

COMPANYdate not shown in source

Our team – Grupo Verde Azul

Grupo Verde Azul
Diego Vallarino Lewis is the CEO of Grupo VerdeAzul, a family company focused on investments that promote local community and economic growth.
value seen: CEO of Grupo VerdeAzul
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://grupoverdeazul.com/en/our-team/

Sources: summary

COMPANYdate not shown in source

Our team – Grupo Verde Azul

Grupo Verde Azul
Diego Vallarino Lewis is the CEO of Grupo VerdeAzul, a family company focused on investments that promote local community and economic growth. Mr. Vallarino has over 10 years of experience in real estate and has completed over $300 million in projects ranging from residential and hospitality to infrastructure. Grupo VerdeAzul has developed iconic hotels such as the Bristol Panama Registry Collection, Marriott Panama and the Convention Center, Santa Maria Hotel & Golf Resort, and The Buenaventura Golf & Beach Resort.
value seen: Grupo VerdeAzul has developed Santa Maria Hotel & Golf Resort; Diego Vallarino Lewis is its CEO
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://grupoverdeazul.com/en/our-team/

Sources: tags

COMPANYdate not shown in source

Our team – Grupo Verde Azul

Grupo Verde Azul
Mr. Vallarino has over 10 years of experience in real estate and has completed over $300 million in projects ranging from residential and hospitality to infrastructure. ... Mr. Vallarino holds an MBA from Harvard Business School
value seen: over 10 years of experience in real estate; completed over $300 million in projects; MBA from Harvard Business School
held out of the figures · the quote does not carry this value
https://grupoverdeazul.com/en/our-team/

Sources: title

COMPANYdate not shown in source

Our team – Grupo Verde Azul

Grupo Verde Azul
Diego Vallarino Lewis is the CEO of Grupo VerdeAzul, a family company focused on investments that promote local community and economic growth.
value seen: Executive President of Grupo VerdeAzul; CEO of Grupo VerdeAzul
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://grupoverdeazul.com/en/our-team/

Projects

Assessment coverage

Completed projects: 2016-10-15 through 2026-10-15. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases
The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

5 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
Santa María Country Club — Phase 3Panama City
Santa María
other————————Apr 2025—not scorablecompleted
Santa María Country Club — Casa ClubPanama City
Santa María
other—————2024April 1, 2024Jan 2024 – Dec 2024Jan 2024 – Dec 20240.0 mo
(−11.0 to +11.0)
sourcedcompleted
The CrescentPanama City
Santa María
residential for sale3212———2017jueves 16 de febrero—Jan 2019 – Dec 2019—not scorablecompleted
The Santa Maria, a Luxury Collection Hotel & Golf Resort, Panama CityPanama City
Santa María
hotel1821————201516.03.2015Feb 2018Feb 20180.0 mo
(0.0 to 0.0)
sourcedcompleted
Santa María CourtPanama City
Santa María
residential for sale—16 and 17——————Jan 2017 – Dec 2017—not scorablecompleted
Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

No documented awards or recognitions in the sources reviewed.

Risks

Risk flags

1 found
FINANCIAL DISTRESS Reported September 5, 2026; registry position stated as of September 2026
A September 5, 2026 report based on Panama’s Public Registry stated that 17 apartments in Signature Santa María carried annotations arising from a criminal-court seizure and a lender’s foreclosure against the company that built the tower; the report expressly attributed the matter to that project company rather than to individual homeowners or, by implication, the developer’s parent, and no resolution was identified in the retrieved source.

Record status

active
Coverageactive
Tracked sinceOctober 10, 2026
Last checkedOctober 10, 2026 this month
Profile last researchedOctober 10, 2026
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For informational purposes only. This information is not investment, financial or credit advice and should not be relied on for investment, lending or credit decisions. Records may be incomplete or outdated. Verify information independently and seek qualified advice before making a decision.