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Panama City intro. Panama City is a wonderful city in Florida. It is situated in-between Tallahassee and Pensacola along highway 98. It is found on Florida's beautiful emerald coast. Many people visit here to take advantage of the great location for accessing some stunning beaches. As it is a popular destination you will find that hotels in Panama City are available for all types of budget. Many of the top end buildings are found near to the coast and offer great deals on sea view rooms. The mid ranges lodgings are found near to the city centre and are well priced. All of the amenities including restaurants, bars, shops and cafes are always just a walk away from many of establishments. This is the perfect place to visit if you enjoy swimming, sunbathing and chilling out on some top beaches. The district is also lively and has many things for you to do.