The Palms Resort in Saipan, in the Northern Marianas, will close in October to undergo a more than 20-million US dollar renovation.
The hotel's facelift is expected to last from up to two years, forcing Palms Resort to layoff 50 of its 120-strong workforce.
The Resort says it has already informed the CNMI Department of Labor and the federal Office of the Ombudsman about the termination of 70 of its employees.
Palms Resort said the renovation will transform the hotel into a lifestyle-centered destination resort with world-class spa and wellness facilities on the one hand and a zone of entertainment and interesting activities on the other.
The 14-story, 313-room hotel, formerly called Hotel Nikko, is owned by United Micronesian Development Association.