One of Guam’s favorite Tumon hotels is on the market. The sale is being brokered by Colliers on behalf of Seoul-based IGIS Asset Management.
The five-star resort features 432 rooms across 21 floors. It includes seven restaurants and bars, including the buffet restaurant Taste, Italian dining at Prego, and Starlight BBQ. Amenities include an outdoor pool connected to Tumon Beach, four ballrooms and meeting rooms, and spa facilities. Located along Guam’s famous Tumon Bay, the resort is a local favorite and is also widely used by military personnel, visiting business people, and regional political leaders.
In 2023 to 2024, the resort’s management invested $1.5 million to renovate the bungalows and rooms, followed by improvements to the main dining area. Major upgrades focused on the villa collection to meet evolving guest expectations and maintain its competitive edge in the region’s luxury hospitality market. The resort’s base of local and military customers helped it weather the economic impact of COVID-19. The hotel used a brief lull in 2020 to renovate the Taste buffet dining area, a project that also cost more than $1 million. (See story: Guam hotels invest millions in property upgrades.)
Colliers’ global team—led by Mark Bratton, Mike Perkins, Kei Sumiyoshi, Mark Owens, Karen Wales, Sungwook Cho, Harold Lee, and Andrew Sohn—is spearheading the sales campaign. Bratton said the resort is a strategic investment opportunity, positioned to benefit from Guam’s strong tourism growth.
The master lease for the property expires in April 2026, providing investors with the flexibility to renew the Westin brand, rebrand, or self-operate the hotel.
The Westin Resort Guam opened in Tumon in 1996 with 420 rooms.
In April 2016, the resort was sold to Pioneer Holdings Corporation and Haevichi Hospitality Guam for $125 million. Pioneer Holdings is a real estate private equity fund managed by IGIS Asset Management. Haevichi Hospitality Guam is controlled by Haevichi Hotels & Resorts, a unit of Seoul-based Hyundai Motor Group.
The master lease expires in April 2026. Hotel industry experts say this gives the firm the ability to market the asset to buyers who may choose to renew the Westin brand, rebrand, or self-operate the hotel, potentially unlocking additional value. No base price has been disclosed. Initial offers are to be submitted to Mark Bratton at Colliers’ Hawaii office.
The sale announcement comes as Guam’s government and tourism industry work to boost visitor numbers, which remain at roughly 50% of pre-COVID levels. In 2019, Guam welcomed 1.6 million visitors. While numbers had been improving, Typhoon Mawar devastated the island, causing weeks of water shortages, power disruptions, and inconsistent telecommunications. Tourism has since rebounded, but 2024 arrivals are estimated at about 739,000. mbj
