Marriott sale delayed because of receivership woes

TUMON Guam - It appears now that plans to go ahead with the sale of the Guam Marriott are in limbo because UFB has been placed in voluntary receivership. "We are currently waiting to see what happens with the bankruptcy filing "" Michael C. Ysrael general manager of Tanota Partners told the Journal. ""Hopefully the creditors of UBF will be able to come to a reasonable and fair amount of their claims. If not then that is why there is a bankruptcy court to basically sort out a solution. The best for all parties is if everyone can be reasonable in their . . .

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