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American Sinopan eyes $31M to build 12 villas, clubhouse
An artist’s rendition of American Sinopan LLC’s $31-million villas and a clubhouse project on Capital Hill.
American Sinopan LLC wants to pour in $31 million more in investments on Saipan. This time, the company wants to build 12 modern-style villas and one clubhouse on Capital Hill.
American Sinopan LLC chief executive officer Ken Lin said in an interview yesterday that the project, to be called Capitol Hill Residences, would be located across the Capitol Hill Resort, which is the renovated former Magellan Hotel.
Lin said the $31-million project is separate from the $350,000 the company is spending to renovate the former Magellan Hotel.
He said the renovated Magellan Hotel was then called Heaven II Hotel, but now it is called Capitol Hill Resort.
He said the Capitol Hill Residences will be for their high-end customers. Amenities would include KTV rooms and infinity pools.
Lin said the clubhouse will serve both the Capitol Hill Resort and the Capitol Hill Residences.
He said Capitol Hill Resort is ready for opening, but is not complete yet.
American Sinopan has already submitted a proposal with the CNMI Zoning Board to amend its conditional use permit to include the construction of the 12 residential villas and a clubhouse.
The Zoning Board will conduct a public hearing on American Sinopan’s proposal on August 28 at 5pm, Thursday, at the Gov. Pedro P. Tenorio Multi-Purpose Center in Susupe.
Lin said three structures located on one piece of land, which is undeveloped, would be demolished
Lin said Capital Hill Resort, which is located on a portion of another piece of land, will not be disturbed.
He said the site to be developed is located west of Route 316, also known as Chalan Savannah.
Last June, American Sinopan LLC held a small groundbreaking for the construction of its major project on Saipan, the Saipan Garden Resort, in Tanapag.
Saipan Garden Resort will have 1,184 guestrooms, 170 apartments, and 108 staff apartments. The structure will be compound-like, with 14 six-story buildings, three swimming pools, and six restaurants.
American Sinopan owns a golf course and hotels in China. It’s mother company, SinoPan, is based in Shanghai, China.
