Near Shipwreck Island Waterpark When you stay at Beach Tower Beachfront Hotel, a By The Sea Resort in Panama City Beach, you'll be on the beach, within a 10-minute walk of Panama City Beaches and Shipwreck Island Waterpark. This beach hotel is 3.5 mi (5.6 km) from Pier Park and 13 mi (21 km) from Rosemary Beach. Make yourself at home in one of the 48 guestrooms featuring microwaves. Rooms have private balconies or patios. Complimentary wireless internet access keeps you connected, and cable programming is available for your entertainment. Bathrooms have shower/tub combinations and complimentary toiletries.