January 9
Mixed messages; Air Force backtracks on assault accusation against military in Tumon

A Dec. 13 2005 warning containing the accusation “that extreme fighters have attacked multiple individuals including military members in downtown Tumon ” was sent to Andersen Air Force Base personnel in an internal memo from the Air Force Office of Special Investigations at Andersen.

Members of the mixed martial arts community disputed the contents of the memo. 

January 23
Real estate reality; Military moves cause rush to invest

Real estate prices will shoot up with the possibility of thousands of military personnel moving to the island by 2012.

February 6
Palau Air reorganizes; embraces Asian Spirit

Palau Micronesia Air launched in July 2004 but ceased operating in December of 2004. Restructuring of the company included Palau Air acting as a general service agent for Asian Spirit with the intent to have a code-share arrangement in the future.

May 1
Investors buy in; Inn on the Bay sold to Balboa group for $3 million

On April 21 the Inn on the Bay Agat was sold to Balboa Asian Investments for $3 million with the intent to turn the property into a condo resort.

May 15
Housing hundreds; Ironwood developers plan 111-unit Dededo subdivision

On April 17 2006 the Guam Land Use Commission approved an application for a new residential housing project – the Ironwood Manor Subdivision in Dededo. The development is a 111-unit gated residential subdivision for moderate to low-income families.

July 10
Sheraton steps in; Renovations and re-branding in store for the Palace Hotel Guam

The Palace Hotel Guam was bought by Japanese corporation Ken Corp. and will take on the Sheraton name. The renovations began Fall 2006 and will run through March 2007. The Sheraton Laguna Guam plans a soft opening on April 1.

August 7
Hooters to bust out; Paradise Wings LLC looking for location on Guam

Paradise Wings announced Hooters will open its doors on Guam in early 2007. Kazunari Endo representative for Paradise Wings LLC which will do business as Hooters Guam and president of Inhouse Creative Inc. told the Journal that the restaurant would be located in Tumon. Paradise Wings was looking at several options and real estate issues were still being negotiated.

September 18
Leaf stresses Guam’s role in military buildup planning

Lt. General Dan “Fig” Leaf deputy commander of U.S. Pacific Command visits Guam Sept. 11 to share information with the community about the Guam Integrated Military Development Plan. The plan will detail the move of 8 000 Marines and an estimated 10 000 dependents from Okinawa.

October 2
Ken Corp. closing deal; Hyatt lined up for purchase

Ken Corp. buys the Hyatt Regency Guam. The Hyatt purchase makes Ken Corp. a significant player in Guam’s hospitality industry with about 20% of the island’s room inventory under its control.

November 13
Tasty Tuesday; Restaurant gem soon to make its way to Guam

Ruby Tuesday joined the growing list of major restaurant chains set to open up on Guam in 2007. The restaurant will be located at the Guam Premier Outlets and will front King’s Restaurant and Ross. MBJ