Mothballed resort to rise again on Saipan

Mothballed resort to rise again on Saipan

An abandoned hotel resort on Saipan is expected to get a makeover which would help solve a dearth of hotel rooms on the island.

Bridge Capital LLC says it is planning to redevelop the mothballed Plumeria Resort property in Achugao and restore it to its former glory as an EB-5 project.

The EB-5 programme was created by Congress in 1990 to stimulate the US economy through job creation and capital investment by foreign investors.

The company envisions the new development will include a pool and beach area, restaurants, a spa and an electronic gaming facility with slot machines.


  • New York

Securities Disclaimer

This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.