| No | Hotel | Rooms | Score | |
|---|---|---|---|---|
| 41 |  |
Hotel Via Espana | 80 | 6.70 |
| 42 | |
Hotel Parador | 79 | 7.70 |
| 43 | |
Hotel Ojos Del Rio | 73 | 8.10 |
| 44 | |
Cresta Inn | 71 | 7.10 |
| 45 | |
Hotel Latino | 71 | 7.20 |
| 46 | |
Residencial Alameda | 65 | 6.70 |
| 47 | |
Hotel Terranova | 63 | 7.90 |
| 48 | |
Hotel California Panama | 62 | 7.70 |
| 49 | |
Global Hotel Panama | 60 | 8.50 |
| 50 | |
Central Park Hotel & Casino | 55 | 8.10 |
| 51 | |
Hotel Lisboa | 55 | 7.50 |
| 52 | |
Hotel Milan Panama | 51 | 8.50 |
| 53 | |
American Trade Hotel | 50 | 8.80 |
| 54 | |
Hotel Montreal | 50 | 7.00 |
| 55 | |
Hotel Acapulco | 49 | 7.80 |
| 56 | |
Hotel Bella Vista | 45 | 6.50 |
| 57 | |
Magnolia Inn | 38 | 8.50 |
| 58 | |
Metro Hotel Panama | 33 | 7.70 |
| 59 | |
The Beach House | 31 | 8.20 |
| 60 | |
Hotel Coral Suites | 29 | 8.50 |