The American Trade Hotel is very conveniently located on a square in old town Panama City. The building itself is interesting, the room and bathroom were spacious, there was a sweet little balcony. Staff were great. However, there are two notable things that resulted in a poor rating. The most signicant was the air conditioning system, which ran during the one night we stayed at the hotel. The following morning I awoke with terrible allergy symptoms that continued throughout my travel day. Only the following day was I back to normal, which is a further indication that I did not have a cold or other illness but was responding to an allergen and my symptoms subsided once I was no longer exposed and got it out of my system. So I think the HVAC could use a good disinfection. I would imagine this is a common problem in that environment! Additionally, neither of us could get hot water out of the shower. I would assume this was a problem with this one room only, but still quite unfortunate. If not for these two issues, I would rate American Trade Hotel highy.