Guam's story shared to hotel investment community - KUAM.com-KUAM News: On Air. Online. On Demand.

Guam's story shared to hotel investment community

Posted: Updated:

by Ken Quintanilla

Guam - Meeting with premier hotel investment community during the 2013 Hotel Investment Conference Asia Pacific (HICAP) last month proved successful in that island leaders were able to share the guam story to the over 800 attendees.

Guam Visitors Bureau general manager Karl Pangelinan however says not all the news was encouraging but it's what island leaders needed to here in order as it works to build more hotel rooms on Guam. "And some of those things are just our need for more diversification, our heavy reliance on one market, the Japan market, I think we were able to show that we have diversified but we need more Chinese and we need more Russians and that's something the Bureau is committed to," he said. "Additionally, Guam is not ready for a five-star hotel and that was the sentiment among a lot of the business development folks in the hotel industry. We told them and they're hopeful and see this commitment to reinvest back into the product."

This year alone, GVB will reinvest $3 million into landscaping, beach cleanings and security. He adds not all hope is lost as other opportunities still exist such as looking into boutique properties and high-end villa types. He says a feasibility study meanwhile will be conducted on several properties on Guam including the coveted Oka Point in Tamuning.

  • NEWS HEADLINESMore>>

  • 6.4 earthquake recorded southeast of Inarajan

    6.4 earthquake recorded southeast of Inarajan

    The U.S. Geological Survey (USGS) recorded an earthquake with a preliminary magnitude of 6.4 that struck 197km SE of Inarajan Village, Guam, with a depth of 10.0 km, at 3:52 p.m. (ChST). There is no tsunami threat to Guam or the Marianas from the earthquaMore >>
    The U.S. Geological Survey (USGS) recorded an earthquake with a preliminary magnitude of 6.4 that struck 197km SE of Inarajan Village, Guam, with a depth of 10.0 km, at 3:52 p.m. (ChST). There is no tsunami threat to Guam or the Marianas from the earthquaMore >>
  • Inmate Found Dead at Mangilao Prison

    Inmate Found Dead at Mangilao Prison

    An inmate is found dead at the Department of Correction prison overnight. Corrections officers reported inmate Luis Hocog was found unresponsive inside his Post 16 cell around 11 pm on Friday. The officer contacted the platoon commander of the situation and requested for medical assistance, a news release stated. 

    More >>

    An inmate is found dead at the Department of Correction prison overnight. Corrections officers reported inmate Luis Hocog was found unresponsive inside his Post 16 cell around 11 pm on Friday. The officer contacted the platoo

    More >>
  • Alleged armed robber begs judge for less time

    Alleged armed robber begs judge for less time

    "Nobody's dead. Nobody died." Those were words from defendant Jeremy Allen Evaristo in court today as he reasoned why the government should give him less than the 15 year jail term outlined in his proposed plea agreement. Evaristo is charged in a string oMore >>
    "Nobody's dead. Nobody died." Those were words from defendant Jeremy Allen Evaristo in court today as he reasoned why the government should give him less than the 15 year jail term outlined in his proposed plea agreement. Evaristo is charged in a string oMore >>
Powered by Frankly