The Saipan Tribune reports that Korean firm E-Land Group has acquired
the Pacific Islands Club Saipan and Palms Resort Saipan for an
undisclosed amount. Saipan is the largest island of the United States
Commonwealth of the Northern Mariana Islands, and a popular getaway. The
two hotel resorts are located on the opposite sides of Saipan-Palms
Resort is in the north, while PIC is in the south. E-Land Group is one
of the biggest fashion and retail firms in South Korea and also has
business interests in hotels, condominiums and construction. Word is
E-Land is also trying to acquire the Aqua Resort Club in Achugao.
Tokyo-based real estate development firm Ken Corp. acquired PIC Saipan
and PIC Guam in June 2011 from InterPacific Group Limited.
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