Tue, Sep 30, 2014 - Page 13 News List

Chateau expansion plans include second, third hotel

By Amy Su  /  Staff reporter

Hotel operator Chateau International Development Co Ltd (夏都國際開發) yesterday said it planned to launch its second hotel in Greater Tainan in the second half of next year by investing NT$250 million (US$8.2 million) in a move to seek a new revenue source.

Chateau International Development, which operates Chateau Beach Resort Kenting (墾丁夏都沙灘酒店) in Pingtung County, has been looking for an appropriate location for its second hotel since the company’s debut on the main bourse in March 2012.

It announced yesterday that it has purchased several floors of a building close to Anping Industrial Park (安平工業區) in Tainan, aiming to launch operation of a 104-room business hotel in the second half of next year after renovations to the interior.

“Eyeing the market potential, we plan to make the second hotel a medium-price business hotel with its room rates averaging between NT$3,500 and NT$6,000,” Chateau International president Tsai Te-hsiang (蔡德祥) told reporters after an investors’ conference.

Chateau International unveiled another expansion plan yesterday. The company said it has received ownership of land in Pingtung’s Hengchun Peninsula (恆春), where the company’s third hotel is planned.

The company plans to invest as much as NT$2 billion in the third hotel project.

Chateau International has seen consolidated sales in the first eight months of the year total NT$515.56 million, up 5.33 percent from a year earlier, with net income rising 10.24 percent year-on-year to NT$62.73 million, or NT$0.7 per share, the company said.

Chateau Beach Resort’s average room rate was NT$5,945 from January to last month, with room occupancy at 87.1 percent, data showed.

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