{"id":353274,"date":"2021-10-08T06:05:17","date_gmt":"2021-10-07T20:05:17","guid":{"rendered":"https:\/\/www.saipantribune.com\/?p=353274"},"modified":"2021-10-08T06:05:17","modified_gmt":"2021-10-07T20:05:17","slug":"dpl-hyatt-signing-lease-agreement-contract-today","status":"publish","type":"post","link":"https:\/\/www.saipantribune.com\/index.php\/dpl-hyatt-signing-lease-agreement-contract-today\/","title":{"rendered":"DPL, Hyatt signing lease agreement contract today"},"content":{"rendered":"<figure id=\"attachment_353275\" aria-describedby=\"caption-attachment-353275\" style=\"width: 600px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.saipantribune.com\/wp-content\/uploads\/2021\/10\/Hyatt-Regency-Saipan.jpg\" alt=\"Hyatt Regency Saipan.\" width=\"600\" height=\"450\" class=\"size-full wp-image-353275\" \/><figcaption id=\"caption-attachment-353275\" class=\"wp-caption-text\">Hyatt Regency Saipan. (Ferdie De La Torre)<\/figcaption><\/figure>\n<p>The Department of Public Lands and the owner of Hyatt Regency Saipan in Garapan will be signing today, Friday, the lease agreement contract for another 40-year land lease. <\/p>\n<p>Press secretary Kevin Bautista said that DPL and Saipan Portopia Hotel Corp., which owns Hyatt Regency Saipan, will hold a lease agreement renewal ceremony today, 10:45am, at Miyako Restaurant at the Hyatt Regency Saipan. <\/p>\n<p>Bautista said the event will begin with a presentation of the lease agreement followed by a luncheon hosted by the Hyatt Regency Saipan.<\/p>\n<p>Details of the lease agreement are expected to be disclosed at the ceremony. <\/p>\n<p>Gov. Ralph DLG Torres thanked Hyatt for its continued strong partnership with the CNMI.<\/p>\n<p>Torres expressed appreciation to  DPL Secretary Sixto Igisomar, former DPL secretary Marianne Concepcion-Teregeyo, and Attorney General Edward Manibusan, for coming to an agreement with Hyatt on what is best for the future of the CNMI.<\/p>\n<p>\u201cI also want to thank and congratulate Hyatt general manager Nick Nishikawa and Hyatt,\u201d the governor said.<\/p>\n<p>Torres has been vocal about his support in seeing 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 &#038; Spa, which is adjacent to Hyatt, is supposed to  expire in June 2021, but it got a new 40-year lease.<\/p>\n<p>The enactment of Public Law 20-84 increases the terms of public  land leases up to 40 years, plus an extension of 15 years, for a total of 55 years. The law also authorized certain public land leases to be amended and extend existing lease terms up to 55 years.<\/p>\n<p>The law gives DPL the authority to negotiate new public land leases to certain existing lessees under new terms and considerations even without  publishing a request for proposal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Department of Public Lands and the owner of Hyatt Regency Saipan in Garapan will&#8230;<\/p>\n","protected":false},"author":23,"featured_media":353276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[175],"class_list":["post-353274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-news","tag-dpl"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/353274","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=353274"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/353274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media\/353276"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=353274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=353274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=353274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}