Previous Story
Firm to start work on Honest Profit’s hotel in San Antonio
Hong Kong-based Win Win Way Construction Co. is set to start the construction of a high-end resort hotel on Saipan with the arrival of a chartered ship carrying materials and equipment.
Daniel S. Buniag, special assistant for special projects under the Office of the Governor, disclosed that the ship, carrying about $2 million to $5 million worth of supplies and equipment, is set to dock at the Saipan Port on Sunday evening.
Buniag said that Win Win Way representatives will meet with Gov. Eloy S. Inos and other government officials for a welcoming ceremony to be held on Tuesday.
Expected to meet with Inos are Elaine Kwok, the company’s project manager and Kan Hou-Sek Jim, company president and technical director.
Buniag also said Win Win Way has already leased a piece of property in Lower Base that it will use to construct a warehouse and a batching plant.
The construction is then expected to go “in full swing.”
Saipan Resort Hotel
Win Win Way Construction is the main contractor for Hong Kong-based Honest Profit International Ltd.
In September 2014, Honest Profit International held a groundbreaking for its $130-million, 300-room hotel in San Antonio.
The hotel is seen to help solve the lack of hotel rooms on Saipan, particularly in peak seasons when tourists flock to the island.
Honest Profit earlier said it has retained the name “Saipan Resort Hotel” for the project. The company also said it hopes to finish the hotel in 18 to 26 months.
The new hotel is located immediately north of Pacific Islands Club Saipan in San Antonio. The lease is for 25 years, with an option to extend by 15 years for a total of 40 years.
The groundbreaking came two months after Honest Profit paid a $100,000 security deposit, a requirement that the Department of Public Lands imposes among investors eyeing major developments such as hotels and golf courses.
The 300-room hotel that Honest Profit will be building is also beyond the minimum 200-room requirement of DPL’s request for proposal for the San Antonio property.
