The Saipan Chamber of Commerce believes in maintaining continuity and sustainability with regards to hotel investments in the CNMI.<\/p>\n
In a recent interview, Chamber president Alex Sablan said that hotels such as Mariana Resort and Spa should be given the right of refusal when their leases expire.<\/p>\n
\u201cWhat we believe we should be doing is maintaining continuity, long-term stability, sustainability\u2014and that\u2019s what you have with the current owners who have been here for almost 40 years and we believe that should be an opportunity for them to be given first right of refusal for the properties,\u201d Sablan said.<\/p>\n
He added that a diversified market should be upheld.<\/p>\n
\u201cWe believe that a good, diversified market is the way to go. Right now you have diversity in the ownership of the hotels: Japan, Korea, China,\u201d he said.<\/p>\n
\u201cThe fear you may have down the road is that we put all our eggs in one basket because, in large part, the people that are coming and investing right now are the Chinese only. There really isn\u2019t any nationality of sorts in investment that is coming or has come in the last 12 to 15 years,\u201d he added.<\/p>\n
Last May, the Department of Public Lands sent out a letter to five Hotel Association of the Northern Mariana Islands members\u2014Mariana Resort, Kanoa Resort, Fiesta Resort and Spa, Pacific Islands Club Saipan, and Hyatt Regency Saipan\u2014to solicit expressions of interest to extend their current leasehold.<\/p>\n
Mariana Resort has less than three years left on its lease, Fiesta Resort and Hyatt Regency have about six years left, while Kanoa Resort and Pacific Islands Club Saipan have about 10 years.<\/p>\n
In a follow up letter, DPL said it will now apply to expiring leases the new policy of conducting global solicitations and that will be the rule for any expiring leases with the government.<\/p>\n
HANMI chair Gloria Cavanaugh earlier said the new policy is \u201cakin to economic recklessness.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The Saipan Chamber of Commerce believes in maintaining continuity and sustainability with regards to hotel…<\/p>\n","protected":false},"author":51,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1098,301,448,368],"class_list":["post-208172","post","type-post","status-publish","format-standard","hentry","category-local-news","tag-fiesta-resort","tag-hanmi","tag-kanoa-resort","tag-mariana-resort"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/208172","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\/51"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=208172"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/208172\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=208172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=208172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=208172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}