Whether the Holiday Inn chain will continue to manage the Holiday Inn Resort Guam is in doubt.
At present the hotel retains the Holiday Inn name and logo while the six months notice required as a condition of the sale continue.
The hotel previously owned by Ely Del Carmen property developer was sold Nov. 30 to JMSH LLC. The hotel was developed by 5D Enterprises and built by Inland Builders Corp. both Del Carmen companies.
The hotel was originally named the Parc Hotel by Del Carmen eight years ago and was subsequently changed on June 29 2000 to the current Holiday Inn Guam Resort with the inception of the management contract.
Hee K. Cho and Min S. Cho and Kwun Realty LLC bought the hotel for $7.9 million from Del Carmen. The Cho’s own 48.89% while Kwun Realty LLC owns 51.11% of the interest.
The Journal spoke with Min S. Cho regarding the status of the branding of the hotel and she could not say definitively what would happen to the hotel’s management contract. “As of right now there is no change ” Cho said. When asked whether JMSH LLC would like to retain the Holiday Inn Resort banner she said “It is too complicated and I don’t want to discuss this matter.” However she did tell the Journal that JMSH LLC is continuing to work with the InterContinental Hotel Group but negotiations have reached a “stall”.
Asked whether another name is being considered for the hotel Cho replied “Everything is under discussion right now I cannot say anything at this point.” Jason Burnett general manager of the hotel also did not want to comment regarding a possible name change of the hotel and referred the Journal to InterContinental Hotel Group in Singapore. InterContinental Hotel Group is the corporate headquarters with oversight over Holiday Inn Resort on Guam. Edmond Ip InterContinental Hotel Group chief operating officer for North Asia did not return several calls. MBJ
