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New investor wants to build on beachside property on Saipan
Chinese investors laid out concepts and investment plans for a “Saipan International Health Resort” eyed on beach and coastline property to members of the Senate on Tuesday.
Led by Eugene Wu, chairman of Conifer Hotels and Resorts, the group of investors presented preliminary plans for a “first class health” resort comparable to other resorts of the kind around the world.
According to their presentation file shared with lawmakers Tuesday, the investors pointed to the “Town of French Evian,” located alongside a lake in France facing Switzerland across the lake, that touted spa centers, lake side tourism and holiday areas, among others.
Investors also pointed to the Tucson Valley Farm in the U.S. that boasted world popular spas, health and fitness facilities and restaurants, among others.
They also pointed to Mt. Peacock Health Resort Park in Hainan, China that provided “leisure vacation” and a design concept of “harmony between man and nature” replete with physical therapy, fitness, spa, and organic food services.
According to the presentation file, investors plan a project covering a total of 10,000 square meters, with a total construction area of 10,0000 to 15,000 square meters.
Estimated total investment runs up to $200 million to $300 million, and project development cycle is about five years, the file said.
“Saipan [with its tropical climate] is a paradise for leisure travel,” the document stated. “Saipan has the opportunity to become a world-class health resort over others.”
The project invested by the China international investment health association, Conifer Hotel and Resort, Forebase group, China railway group, and Thailand DSM Construction investment.
