Cold feet: Developer nixes multi-million dollar plans for Agat hotel

Cold feet: Developer nixes multi-million dollar plans for Agat hotel

BY JOY WHITE

Journal Staff

Asia Pacific Development Ltd. has backed out of plans to construct a resort in Agat. 

 “We have decided not to proceed with the development on Guam. […] The company decided there were too many objections to the development and had other option[s] to pursue elsewhere,” David F. Jacka, CEO of Asia Pacific Development Ltd., told the Journal. 

The public hotel and resort corporation registered in the Bahamas announced in 2015 its plan to build a 144-room hotel in Agat opposite the Agat Marina. The investment was estimated to have . . .

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