19 Nov 2013

Korean, Chinese investors eye large hotel development in CNMI

10:17 pm on 19 November 2013

A 200 million US dollar condominium-hotel project is being contemplated by Korean and Chinese investors on Saipan.

The planned investment comes as a surge in tourist arrivals has caused a dearth of hotel rooms.

The project involves the construction of a 258-unit hotel resort.

Each unit could later be sold to interested buyers for up to 1 million dollars.