{"id":177730,"date":"2014-08-28T04:05:14","date_gmt":"2014-08-27T18:05:14","guid":{"rendered":"http:\/\/www.saipantribune.com\/?p=177730"},"modified":"2014-08-28T04:05:14","modified_gmt":"2014-08-27T18:05:14","slug":"e-land-bares-renovation-plans-coral-ocean-pic","status":"publish","type":"post","link":"https:\/\/www.saipantribune.com\/index.php\/e-land-bares-renovation-plans-coral-ocean-pic\/","title":{"rendered":"E Land bares renovation plans for Coral Ocean, PIC"},"content":{"rendered":"

South Korean investment giant E Land trumpeted yesterday a record high occupancy of 115 percent in August for the renamed Coral Ocean Golf Resort, while announcing that a $1 million to $2 million renovation of 10 executive cottages at the resort will start in September.<\/p>\n

Tae Ho Kim, chief operating officer of E Land\u2019s Micronesian Resort Inc., called a news briefing late yesterday afternoon on the status of E Land\u2019s renovation plans, including those for Pacific Islands Club and the former The Palms Resort.<\/p>\n

\"Tae
Tae Ho Kim, right, chief operating officer of E Land\u2019s Micronesian Resort Inc., shows an artist\u2019s rendition of a Coral Ocean Golf Resort room renovation plan while MRI\u2019s senior hotel operations manager Dennis Seo, left, looks on during a news briefing yesterday afternoon. (Haidee V. Eugenio)<\/figcaption><\/figure>\n

Kim, through senior hotel operations manager Dennis Seo, said they changed Coral Ocean Point\u2019s name to Coral Ocean Golf Resort around July this year but the corporate name remains as Suwaso Corp.<\/p>\n

\u201cThe next step is to renovate 10 executive cottages with total 20 rooms. Each executive cottage has two rooms,\u201d Kim said, through Seo.<\/p>\n

Renovating these executive cottages would cost between $1 million and $2 million, they said.<\/p>\n

The planned re-opening is Nov. 28, 2014, but remains subject to factors beyond E Land\u2019s control, Kim said.<\/p>\n

This means by that date, E Land has put back online a total of 100 hotel rooms, inclusive of 80 renovated rooms since Dec. 29, 2013.<\/p>\n

The renovation of the executive cottages is on top of the $4-million renovation that E Land\u2019s MRI did to the main building, some 80 hotel rooms, the golf course and other areas of the hotel, Seo said.<\/p>\n

Seo also announced that Coral Ocean Golf Resort is experiencing a 115-percent occupancy rate for the month of August, owing to back-to-back booking.<\/p>\n

\u201cThe reopening of the central building and the hotel rooms is better than what we expected. It has positive effects,\u201d Seo added.<\/p>\n

Some hotel rooms are planned for renovation to cater to honeymooners.<\/p>\n

Seo said most of their hotel customers are tourists from China, while the rest are mainly from Korea and Japan.<\/p>\n

He pointed out that their renovation schedules also depend on the amount of time they need to wait for permits from regulatory agencies.<\/p>\n

E Land also continues to plan for the construction of a new 200-room hotel in the same area as the current Coral Ocean Golf Resort.<\/p>\n

PIC, The Palms <\/p>\n

E Land plans to renovate PIC in San Antonio. Ken Corp. is operating PIC for E Land, owner of the facility.<\/p>\n

Seo said E Land plans an up to $1-million capital expenditure on PIC, while Ken Corp. can also launch its own $1 million renovation. <\/p>\n

Kim and Seo reiterated that The Palms Resort may not reopen under the global brand Sheraton. They said while they are still negotiating with Sheraton, they do not want that negotiation to further delay E Land\u2019s plan of reopening the hotel by end-October 2015 so they may reopen it under one of E Land\u2019s existing 5-star hotel brands.<\/p>\n

These brands include Lexington, Kensington, Flora, and Star Hotel.<\/p>\n

Seo said when their Kensington brand hotel opened in Korea\u2019s Jeju Island in April, their room rate was higher than the Hyatt\u2019s.<\/p>\n

E Land\u2019s MRI plans a $20- to $30-million renovation of the former The Palms Resort. <\/p>\n

Also present in yesterday\u2019s 4pm news briefing was MRI\u2019s human resources manager Bertha Leon Guerrero. <\/p>\n","protected":false},"excerpt":{"rendered":"

South Korean investment giant E Land trumpeted yesterday a record high occupancy of 115 percent…<\/p>\n","protected":false},"author":35,"featured_media":177733,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[900,4],"tags":[170,159,409,135],"class_list":["post-177730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-local-news","tag-japan","tag-pacific-islands-club","tag-pic","tag-san-antonio"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/177730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=177730"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/177730\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media\/177733"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=177730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=177730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=177730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}