Pacific Star Resort & Spa owner and operator Marianas Properties has filed for Chapter 11 bankruptcy in the District Court of Guam after defaulting on a $32 million bank loan, court records show.

Pacific Star is also the second hotel to be sold off in a bankruptcy in the past five years. In 2022, Verona Resort and Spa sold for $13.6 million after former owner Polaris Guam LLC was forced ...

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