| Palasia Hotel | |
|---|---|
 | |
  Location within Palau | |
| General information | |
| Location | Koror, Palau |
| Coordinates | 7°20′35.9″N134°28′48.7″E / 7.343306°N 134.480194°E |
| Opening | 24 August 1998 |
| Technical details | |
| Floor count | 10 |
| Website | |
| http://www.palasia-hotel.com/ | |
Palasia Hotel is a hotel in Koror, Palau. It is the tallest building in Palau with 10 floors and a height of around 36m. [1] The building cost $1 million to build and was funded by Taiwan. [2]
In January 1995, Chen Ding-nan, president of the Asia-Pacific section of the Kuomintang’s (KMT's) Central Investment Holdings Company, visited Palau. By August 1995, Chen had made an agreement with Palauan politician Alan Seid to build the Palasia Hotel. [3] Taiwan held 80 percent ownership and Palau held 20 percent. Due to the problems associated with property purchases by foreigners the hotel was built on Seid's land. [4] The hotel opened on 24 August 1998. [5]
The Taiwanese stake in the Palasia Hotel is not held by the government of Taiwan but by the KMT political party in its private capacity. In the democratic era this has made it a subject of controversy with an investigation by the Ill-gotten Party Assets Settlement Committee. [6]
In 2018 the Taiwanese government blocked the KMT investment vehicle which owns the hotel from selling it. [7] [8]
The Kuomintang (KMT), also referred to as the Guomindang (GMD), the Nationalist Party of China (NPC) or the Chinese Nationalist Party (CNP), is a major political party in the Republic of China, initially on the Chinese mainland and then in Taiwan since 1949. It was the sole party in China during the Republican Era from 1928 to 1949, when most of the Chinese mainland was under its control. The party retreated from the mainland to Taiwan on 7 December 1949, following its defeat in the Chinese Civil War. Chiang Kai-shek declared martial law and retained its authoritarian rule over Taiwan under the Dang Guo system until democratic reforms were enacted in the 1980s and full democratization in the 1990s. In Taiwanese politics today, the KMT is a centre-right to right-wing party, and is the largest party in the Pan-Blue Coalition. The KMT's primary rival in elections is the Democratic Progressive Party (DPP) and its allies in the Pan-Green Coalition. As of 2023, the KMT is currently the largest opposition party in the Legislative Yuan. The current chairman is Eric Chu.
The Republic of China (ROC), commonly known as Taiwan, is governed in a framework of a representative democratic republic under a five-power system first envisioned by Sun Yat-sen in 1906, whereby under the constitutional amendments, the President is head of state and the Premier (President of the Executive Yuan) is head of government, and of a multi-party system. Executive power is exercised by the government. Legislative power is vested in primarily with the parliament and limited by government. The judiciary is independent of the executive and the legislature. In addition, the civil service's powers is being in charge of validating the qualification of civil servants and the supervision auditory power inspects, reviews, and audits the policies and operations of the government. The party system is dominated by two parties, the Kuomintang (KMT), which broadly favors closer links to mainland China and the status quo, and the Democratic Progressive Party (DPP), which broadly favors Taiwanese nationalism and independence.
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Cross-Strait relations are the relations between China and Taiwan.
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The Kuomintang (KMT) is a Chinese political party that ruled mainland China from 1927 to 1949 prior to its relocation to Taiwan as a result of the Chinese Civil War. The name of the party translates as "China's National People's Party" and was historically referred to as the Chinese Nationalists. The Party was initially founded on 23 August 1912, by Sun Yat-sen but dissolved in November 1913. It reformed on October 10th 1919, again led by Sun Yat-sen, and became the ruling party in China. After Sun's death, the party was dominated from 1927 to 1975 by Chiang Kai-shek. After the KMT lost the civil war with the Chinese Communist Party in 1949, the party retreated to Taiwan and remains a major political party of the Republic of China based in Taiwan.
Alan Rechuldak Seid is a Palauan businessman and politician of partially American Jewish origin. He was elected into House of Delegates of Palau from 1989 until 2000. He along with Chen Ding-nan agreed to build the Palasia Hotel in 1995. He was a senator in the Senate of Palau from 2005 to 2009 In the 2008 presidential election he was the running mate of Elias Camsek Chin.
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