Guam – It will be the tallest building on Guam when its completed in the Spring of 2012. According Tanota Partners, this 95 million dollar hotel will create 400 new jobs in the hospitality industry.
With over forty years of experience in the hospitality industry on Guam, the Ysrael family is working on a new project in Tumon. Micheal Ysrael of Tanota Partners says they are building a thirty floor hotel that will have 1,000 rooms, a five level parking garage and a 14,000 square foot convention center that will hold up to 2,000 people.
Ysrael says once this $95 million dollar project is complete, it will be the tallest building on Guam. He says this has been in the works since 2000, but there were a series of set backs that delayed this project.
Ysrael says. “The first delay was due to the 9-11 attack, then it was Typhoon Pongsona and the Asian economic meltdown.”
He says around 2006 the world economy improved dramatically so they were able to move forward on this project. He says there was a ground breaking in 2008, the foundation began in 2009 and they were above the ground in 2010.
According Ysrael, this hotel will create 400 jobs opportunies and a chance for the employees to advance within the company.
Ysrael says for the past 10 years they are fortunate to be associated with the Outrigger chain. With the outrigger chain coming in they made sure they kept a local touch to the hotel. They made sure the workers learned the local language. By doing this it will make their guestsstay be a little more exoti’c.”
The hotel doesn’t have a brand name yet because they are still negotiating with a number of Hotel management companies from around the world..