{"id":334395,"date":"2020-12-02T06:05:09","date_gmt":"2020-12-01T20:05:09","guid":{"rendered":"https:\/\/www.saipantribune.com\/?p=334395"},"modified":"2020-12-02T06:05:09","modified_gmt":"2020-12-01T20:05:09","slug":"dpl-hyatt-to-meet-over-expiring-land-lease","status":"publish","type":"post","link":"https:\/\/www.saipantribune.com\/index.php\/dpl-hyatt-to-meet-over-expiring-land-lease\/","title":{"rendered":"DPL, Hyatt to meet over expiring land lease"},"content":{"rendered":"<figure id=\"attachment_334396\" aria-describedby=\"caption-attachment-334396\" style=\"width: 960px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.saipantribune.com\/wp-content\/uploads\/2020\/12\/Hyatt-pix.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-334396\" src=\"https:\/\/www.saipantribune.com\/wp-content\/uploads\/2020\/12\/Hyatt-pix-1024x531.jpg\" alt=\"\" width=\"960\" height=\"498\" \/><\/a><figcaption id=\"caption-attachment-334396\" class=\"wp-caption-text\">File photo shows the entrance to the Hyatt Regency Saipan in Garapan. (BEA CABRERA)<\/figcaption><\/figure>\n<p>Due to some pending documents, the Department of Public Lands has yet to officially start negotiations with Hyatt Regency Saipan about its expiring land lease, but a meeting has been set this week to lay the groundwork for negotiations.<\/p>\n<p>In response to Saipan Tribune\u2019s request for an update about Hyatt\u2019s lease negotiations, Deveney Dela Cruz, special assistant to DPL Secretary Marianne Teregeyo-Concepcion, said that, according to their Real Estate Division director Bonnie Royal, they are still waiting on certain requirements from Hyatt, which are necessary to start negotiations.<\/p>\n<p>Dela Cruz confirmed, though, that DPL and Hyatt will have a meeting tomorrow, Thursday. The meeting is not open to the public.<\/p>\n<p>Dela Cruz recently disclosed that they already received an official proposal packet from Hyatt regarding their public land lease.<\/p>\n<p>Dela Cruz said that in order for DPL to start the negotiation process for a new matured lease agreement, they must first receive an official proposal from the current lessee.<\/p>\n<p>She said DPL only received an official proposal packet from Hyatt\u2019s current lessee, Saipan Portopia Hotel Corp., last Oct 20, but the package was incomplete.<\/p>\n<p>Gov. Ralph DLG Torres earlier said that he would like to see Hyatt get the lease extension.<\/p>\n<p>Hyatt\u2019s 40-year public land lease will expire in December 2021. The land lease of Fiesta Resort &amp; Spa Saipan, which is located adjacent to Hyatt, is supposed to expire in June 2021, but it just got a new 40-year lease.<\/p>\n<p>The recent enactment of Public Law 20-84 increases the terms of public land leases for up to 40 years, plus an extension of 15 years, for a total of 55 years. It also authorizes certain public land leases to be amended and extend existing lease terms up to 55 years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Due to some pending documents, the Department of Public Lands has yet to officially start&#8230;<\/p>\n","protected":false},"author":23,"featured_media":334396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[900],"tags":[175],"class_list":["post-334395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","tag-dpl"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/334395","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\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=334395"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/334395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media\/334396"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=334395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=334395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=334395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}