A heavy horizon: Planned hotel investments in Palau total $300 million

A heavy horizon: Planned hotel investments in Palau total $300 million

BY BERNADETTE H. CARREON

Palau Correspondent

and

BY JACKIE HANSON

Journal Staff

KOROR, Palau — New accommodations will sprout in Palau in the coming years with investments that could ultimately amount to $300 million, according to President Thomas E. Remengesau Jr. in his State of the Republic Address on April 13.

“We have a very long list of planned hotels — at a value of somewhere between $200 and $300 million [total] — that have a Foreign Investment [Board] permit and/or an [Environmental Quality Protection Board] permit issued,” Remengesau said. 

Any foreign investors in Palau are first . . .

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