Chung Kuo pays for derelict Sherwood’s typhoon damage

The next-to-the-last outstanding Supertyphoon Pongsona insurance payouts slipped through the hands of the owner of the Sherwood Guam Resort on Oct. 29. Typhoon loss settlement checks from three insurance carriers for $3.325 million were made out to both Sherwood Guam Resort and First Commercial Bank. The checks were endorsed by Sherwood and handed over to the bank which has a loan agreement with the hotel company . . .

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