26 Jun 2007

$300 million hotel, villa complex breaks ground in CNMI

11:38 am on 26 June 2007

A Korean-owned investor will shortly begin the construction of a 300-million US dollar hotel and villa complex in the Commonwealth of Northern Marianas.

The KSA Group of Korea is working to construct the Island Paradise Hotel, that will offer 300 rooms and 55 villas.

Construction is expected to begin in two months and the target completion date is May 2008.

The Saipan Tribune reports the hotel will be built on nearly five hectares of public land on Saipan.