Pacific Daily News
May 31, 2019
By Haidee Eugenio
The Archdiocese of Agana received a second offer to buy its Yona property for $5.6 million, higher than the initial offer they received, documents filed in the federal bankruptcy court shows.
Proceeds of the sale of the former Accion Hotel will help the archdiocese pay more than 200 Guam clergy sex abuse claims.
The archdiocese listed the property in 2018 for $7.5 million.
The archdiocese in January sought bankruptcy protection to keep its churches, schools, soup kitchen and other social services open while at the same time be able to settle the abuse claims.
The archdiocese received a May 15 offer from Saied Safabakhsh to buy the former Accion Hotel.
Safabakhsh, a medical doctor who owns dialysis centers on Guam, made an earnest deposit of $100,000 for the proposed purchase.
Previously, TF Investment LLC offered to buy the same property for a revised price of $5.35 million. TF Investment’s president is Chieng Tan, who is also president of GPPC Inc., which has been a longtime contractor on Guam, Saipan and other parts of Micronesia.
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