The project to build a hotel and high-rise luxury residential condominium units in Agat is being marketed online to foreigners who want a green card for their investment.
The EB 5 U.S. visa program for foreign investors “allows permanent residency in the USA,” according to the website for the proposed Sirena Guam Grand Hotel and Residences.
The project is being proposed by a group of multinational investors, led by Pacific Asian Developments Ltd., or PADL, which is registered in the Bahamas and has British national David F. Jacka for its chief executive officer.
PADL has an ongoing luxury resort and casino development on Carabao Island, next to internationally known resort island of Boracay, in the Philippines.
PADL’s primary target for its resort development is China, according to the company.
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