Joining the trend of affordable design hotels, Tántalo brings the new and playful into a lively and charming historic colonial neighborhood that’s undergoing massive restoration efforts. The happening rooftop bar, Encima, has panoramic views of Panama City’s burgeoning skyline and the Pacific Ocean. A party spirit rocks the interiors, too. Rooms have comfortable beds, a wet bar, and tiny balconies overlooking narrow (and noisy) streets.