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$15.5M condo hotel to rise in Navy Hill
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Posted on Jan 28 2016
A group of investors is planning to construct this year a $15.5-million, 11-storey condotel or condominium hotel on Isla Drive near Whispering Palms School in Navy Hill.
Prime Pacific Properties Inc. is applying for a conditional use permit application with the Commonwealth Zoning Board for its project—Beacon Hill Condominium.
With a site area of 14,632.97 square meters, Beacon Hill Condominium will have 68 guestroom units with swimming pool at the ground level. There will be seven units of three-storey villas with swimming pool, and eight units of two-storey villas with swimming pool.
Christopher F. Fryling, president of N15 Architecture Co. Inc., filed the application for Prime Pacific Properties.
Fryling told Saipan Tribune last night that Prime Pacific Properties is composed of a group of investors, mostly Americans. He disclosed that he is one of the investors.
“We’re going after the upper level market in Garapan,” said Fryling, explaining that they are targeting those in the middle—the executives, managers, consultants, and others.
A condotel or condo hotel is a condominium but is operated as a hotel.
Fryling said if all permits are obtained, they are planning to immediately start construction this year.
The Zoning Board, chaired by Diego C. Blanco, is going to hold a public hearing on Prime Pacific Properties Inc.’s request for conditional use permit at 5pm today, Thursday, at its conference room located at Joeten Dandan Commercial Building.
