Libra Group is set to launch two luxury Grace-branded resorts in Latin America in 2013.
The first property, Grace Cafayate located in the Calchaqui Valley in Argentina, will open in early 2013.
The property will house a 12-room boutique hotel, luxury spa and 20 private villas.
The hotel and villa complex will form part of a 1,250-acre secluded residential estate.
The resort's Grace Spa will offer signature therapies based around locally sourced crystal salt and grapes from the Cafayate vineyards.
Dining options on offer include an open kitchen serving international and local cuisine.
The hotel will also include a swimming pool, extensive wine cellars and a cigar bar.
The second hotel - Grace Panama - will open in the Twist Tower in Panama City mid 2013.
Grace Panama is being developed in partnership with Panama real estate developer F&F Properties, which owns the property.
The hotel, which occupies the ground floor and five upper floors of F&F's Twist Tower, will feature 60 guestrooms including five suites and two VIP suites.
Located in the Obarrio residential and commercial district, the hotel houses a health club with an outdoor pool as well as a bistro and business centre with three boardrooms.
