The Lai Lai Sheraton Hotel (
"We will definitely look into a large-scale renovation of the place once the transition is finished," said Josef Dolp, general manager of the hotel.
According to the Chinese-language Business Weekly magazine (
On April 30, Tsai, head of My Humble House Group (
Established in 1981 by Tsai's elder brother, Tsai Chen-nan (蔡辰男), the five-star hotel's ownership and management rights returned to the Tsai family after seven years.
In 1995, the Tsai family -- owners of Taiwan's largest insurance group, Cathy Life Insurance Co (
One industry watcher said refurbishing the Lai Lai is absolutely necessary.
"To compete with other new hotels in Taipei, the Lai Lai needs a face-lift as soon as possible," said Lee Shao-pin (
Hotels generally undergo refurbishment every three to five years, Lee said.
"Guests and travelers like to stay in bright, new places," he said.
Location is also a problem for the Lai Lai.
With the city's business center long shifted eastward, the Lai Lai is far from most pedestrian conveniences, Lee said.
Both the Taipei World Trade Center and the Taipei's major shopping districts are on the east side of the city.
"However Taipei Sheraton is located on Taipei city's west side, far from current hot spots," Lee said.
But one Taipei resident said the Lai Lai is always very competitive.
"Without any doubt, every time my friends and customers come to Taiwan I recommend they stay [in the Lai Lai]," said Dick Adler, a foreign businessman who has lived in Taipei for more than 30 years.
While the Lai Lai is older in appearance compared to the Grand Hyatt or the Formosa Regent, its hospitality and service are very good, he said.
"As far as I know, the Lai Lai retains many loyal customers," Adler said.
The company reported NT$2 billion in sales last year, Dolp said.
"This year we will target the same amount of sales," he said, adding that the industry is currently experiencing a slump.
TECH TITAN: Pandemic-era demand for semiconductors turbocharged the nation’s GDP per capita to surpass South Korea’s, but it still remains half that of Singapore Taiwan is set to surpass South Korea this year in terms of wealth for the first time in more than two decades, marking a shift in Asia’s economic ranks made possible by the ascent of Taiwan Semiconductor Manufacturing Co (TSMC, 台積電). According to the latest forecasts released on Thursday by the central bank, Taiwan’s GDP is expected to expand 4.55 percent this year, a further upward revision from the 4.45 percent estimate made by the statistics bureau last month. The growth trajectory puts Taiwan on track to exceed South Korea’s GDP per capita — a key measure of living standards — a
Samsung Electronics Co shares jumped 4.47 percent yesterday after reports it has won approval from Nvidia Corp for the use of advanced high-bandwidth memory (HBM) chips, which marks a breakthrough for the South Korean technology leader. The stock closed at 83,500 won in Seoul, the highest since July 31 last year. Yesterday’s gain comes after local media, including the Korea Economic Daily, reported that Samsung’s 12-layer HBM3E product recently passed Nvidia’s qualification tests. That clears the components for use in the artificial intelligence (AI) accelerators essential to the training of AI models from ChatGPT to DeepSeek (深度求索), and finally allows Samsung
READY TO HELP: Should TSMC require assistance, the government would fully cooperate in helping to speed up the establishment of the Chiayi plant, an official said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said its investment plans in Taiwan are “unchanged” amid speculation that the chipmaker might have suspended construction work on its second chip packaging plant in Chiayi County and plans to move equipment arranged for the plant to the US. The Chinese-language Economic Daily News reported earlier yesterday that TSMC had halted the construction of the chip packaging plant, which was scheduled to be completed next year and begin mass production in 2028. TSMC did not directly address whether construction of the plant had halted, but said its investment plans in Taiwan remain “unchanged.” The chipmaker started
‘COMPLEMENTARY’: The company unveiled its new Dimensity 9500 smartphone chip, which would power Vivo’s X300 series, set to launch in Taiwan in November MediaTek Inc (聯發科), the world’s largest handset chip designer, yesterday said its strategic collaboration with Nvidia Corp is on track and expected to bear fruit within two to three years, easing concerns over Nvidia’s newly announced partnership with Intel Corp to develop PC chips. MediaTek shares fell 2.43 percent to NT$1,405, underperforming the TAIEX’s 1.18 percent gain, as investors worried that Nvidia’s work with Intel might overshadow its joint PC-chip projects with MediaTek based on Arm Holdings PLC’s architecture. “We are quite complementary to one another in terms of product and technology,” MediaTek president Joe Chen (陳冠州) told reporters during the launch
RSS