Clear Water Hotel, Saipan

Clear Water Hotel (CWH) is a prime example of Euro’s capability to realise the potential of a project with repositioning. It is dedicated to savvy leisure and business travellers. Ideally situated in the heart of Garapan, Saipan CWH is in walking distance to beaches, eateries, casino, American Memorial Park and several international hotels including Hardrock Café, and is adjacent to the future home of a new Joeten shopping arcade, one of Garapan’s future premier shopping destination.

The Hotel was bought as a rundown apartment in Downtown Garapan, the core district in Saipan’s Tourist district. With months of hard works, Euro renovated and repositioned this sleepy apartment block into a popular hotel in Saipan, while also building up a new hotel management team on the ground.

Details:

Property type: Hotel (Converted from Apartment)

Site acquired: 2017

Site status: Repositioned and Operating (Hotel in full operation)

Lot size Approx. 1,136 sq. m. (Building Size)

Number of rooms 24 rooms

Location Garapan, Saipan

Investment Highlights:

· Perfect location for repositioning on under performing asset

· Additional transformation with repositioning of retail into hotel rental

· Excellent demand from Saipan tourism growth and improved yield for the asset