Owned by the stylish Ace Hotel brand, the American Trade Hotel is a chic place to spend your time when in Panama City. It's in the center of Casco Viejo, which is the city's up-and-coming neighborhood. If the rates are too high for your budget, the lobby is a lovely place to have a drink; admire the intricate blue and white tile and greenhouse vibe as you recline in a wicker chair under high ceilings and indoor palms. A man plays piano on Thursdays, and the hotel also has jazz shows on certain nights. It's definitely worth it as a night out for the classy ambiance and Central American swagger.