Look out Panama! When the Trump Ocean Club International Hotel & Tower Panama opens on July 6, 2012, it will be the largest hotel in all of Latin America. And what a hotel it is! Soaring 70 storeys above the Punta Pacifica peninsula, the sail-shaped building (not unlike the Burj al Arab in Dubai) will feature 369 rooms (including 47 suites), a floor of elite boutiques and shops, multiple restaurants, a pool deck overlooking the Pacific Ocean. (Opening later in the year: a 10,000-square-foot spa, a casino and (ooh la la!) a private beach club on nearby Isla Viveros.) Plan a trip to Panama for the resort's opening season and score introductory rates starting at $279. The city's cultural calendar is packed with fun events like Fashion Week (July 14-16), Fiesta Patronal de Santiago Apostol (July 25), Festival Manito de Ocú (August 11-14) and the International Fair of Books (August 24- 28).