SAIPAN, CNMI (Marianas Variety, July 1) – The Diamond Hotel will be renamed Saipan World Resort by its new owner, Korean firm World Corp., Variety learned.

The 265-room hotel in Susupe has been under new management since June 4.

In an interview yesterday, YuSuk Chung, vice president of World Corp. and general manager of the hotel, said tourists and residents would soon see improvements in the services and facilities of the hotel.

"We will improve the hotel and will make it more attractive to tourists. We will be changing the name to Saipan World Resort early this month," he told Variety.

Chung said World Corp., doing business as Saipan World Resort, bought the hotel from Japanese investors for $10 million.

He said the company would hire five to six new managers, along with close to 100 additional hotel personnel.

"When we took over, the employees stayed. They had a small number of managers before, but we will hire new managers and staff," said Chung, who has been on Saipan for over two months.

The hotel’s general manager said Japanese tourists would remain their major clients.

The hotel had 87 employees before it was sold to the Korean company.

Saipan Diamond Hotel, which opened in 1987, is one of the biggest and most popular hotels in the CNMI.

July 1, 2003

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