Best Sunshine International is taking over the remaining term on a lease held by Kan Pacific on the island of Saipan, according to Marianas Variety.
The lease is scheduled to run through 2018. Best Sunshine will continue to operate Mariana Resort & Spa for at least a year, the report said.
A statement provided to Marianas Variety read “As a result of a decision to enter into discussions about our mutual interests and the interests of the CNMI community, Best Sunshine and Kan Pacific have reached an agreement to work together on a plan that would further our mutual interests and the interests of the commonwealth.”
“An agreement was reached and signed by Mark A Brown, CEO of Best Sunshine and Mr. Yoshihiro Kitami, president of Kan Pacific.
“The agreement essentially provides that Kan Pacific will assign its remaining lease to Best Sunshine and will continue to operate Mariana Resort & Spa for at least a year.
Kan Pacific will also support the casino investor’s efforts to obtain a new lease on the Marpi land where Mariana Resort is located. “Maximum employment opportunities” will be provided to the current employees of Mariana Resort & Spa.