The other historic value aspect added to this hotel is, according Blake (2018), how it held symbolic and material importance for those challenging the status quo. Referring to the 400 bullet holes left in the hotel walls, after both violent and non-violent actions, they retraces the entangled relationship between anti-colonial struggle and international tourism. Tivoli was a site for January 9, 1964 anti-American riots over sovereignty of the Panama Canal Zone with a death toll of 28 people. In this sense Tivoli was symbolizing a site of social privilege and also as sites of protest. It situated strategically at the crossroads of political and economic power in the mid-twentieth century which was an era of decolonisation. The hotel also became home for political refugees; at one time, four ex-presidents of Panama were refuged there.