Verona facing foreclosure
KUAM News has learned that the Verona hotel in Tumon is facing foreclosure.
A notice was published this weekend in a local newspaper by the attorneys for the mortgage holder, First Hawaiian Bank, to Polaris Guam LLC, which owns the hotel. The notice states that the Verona is in default of more than $9 million including interest, fees and penalties. The sale of the property is scheduled for 11 a.m, Friday, Dec. 20.
The notice states that the premises comprise an area of some 16,000 square meters and 2,700 square meters, and the last registered owners are Fletcher Pacific Construction and Kloppenburg World Bell Partnership respectively.
The Verona Hotel has been under fire recently from the Labor Department for various violations including not paying employees and the Guam Environmental Protection A for unauthorized storage of trash on its premises.
The hotel first opened in 1999 as the Sherwood but was shuttered a few years later after damage from Typhoon Pongsona. It was purchased by the current owners about seven years ago.