Kee Tai Properties Co (基泰建設) has inked a pact with InterContinental Hotels Group (IHG) to operate a new hotel near Taipei Railway Station as the Taipei-based developer seeks to expand into the hospitality business and diversify its income sources.
The hotel would have 183 guestrooms on the fifth to 23rd floors of a mixed-use building on Zhongxiao W Road under the Even Hotel brand, which targets fitness-savvy travelers, Chinese-language media reported this week.
Even Hotel Taipei Main Station would be the group’s 13th property in Taiwan and could open in the third quarter of next year.
The British hospitality company said it is expanding its reach in the local market on belief that demand for foreign luxury hotel brands remains healthy.
It plans to open its first boutique hotel, Kimpton Daan Hotel, near Pacific Sogo Department Store’s (太平洋崇光百貨) most profitable branch on Zhongxiao E Road by the end of this year, IGH said.
In September, the group opened a new property in Hsinchu under the Hotel Indigo brand, and more are in the pipeline, it said.
IHG attributed its optimism to stable growth in demand for business hotel rooms.
Even Hotel aims to set itself apart from rivals by providing for travelers who seek more healthy options away from home, so all guestrooms are to have health equipment and restaurants are to serve healthy food, local media reported.
In the third quarter, Kee Tai posted a net loss attributable to the parent company of NT$55.91 million (US$1.81 million), compared with a net income of NT$57.18 million a year earlier, as the local property market is still struggling to recover from unfavorable policies introduced in recent years.
In the first three quarters, the company reported net income of NT$482,000, down from NT$25.57 million in the same period last year, company data showed.
The company’s revenue reached NT$11.24 million last month, an increase of 3.18 percent from a year earlier. Cumulative revenue in the first 10 months totaled NT$118.54 million, down 57.4 percent from NT$278.27 million a year earlier, data showed.
Taiwan’s rapidly aging population is fueling a sharp increase in homes occupied solely by elderly people, a trend that is reshaping the nation’s housing market and social fabric, real-estate brokers said yesterday. About 850,000 residences were occupied by elderly people in the first quarter, including 655,000 that housed only one resident, the Ministry of the Interior said. The figures have nearly doubled from a decade earlier, Great Home Realty Co (大家房屋) said, as people aged 65 and older now make up 20.8 percent of the population. “The so-called silver tsunami represents more than just a demographic shift — it could fundamentally redefine the
The US government on Wednesday sanctioned more than two dozen companies in China, Turkey and the United Arab Emirates, including offshoots of a US chip firm, accusing the businesses of providing illicit support to Iran’s military or proxies. The US Department of Commerce included two subsidiaries of US-based chip distributor Arrow Electronics Inc (艾睿電子) on its so-called entity list published on the federal register for facilitating purchases by Iran’s proxies of US tech. Arrow spokesman John Hourigan said that the subsidiaries have been operating in full compliance with US export control regulations and his company is discussing with the US Bureau of
Businesses across the global semiconductor supply chain are bracing themselves for disruptions from an escalating trade war, after China imposed curbs on rare earth mineral exports and the US responded with additional tariffs and restrictions on software sales to the Asian nation. China’s restrictions, the most targeted move yet to limit supplies of rare earth materials, represent the first major attempt by Beijing to exercise long-arm jurisdiction over foreign companies to target the semiconductor industry, threatening to stall the chips powering the artificial intelligence (AI) boom. They prompted US President Donald Trump on Friday to announce that he would impose an additional
Pegatron Corp (和碩), a key assembler of Apple Inc’s iPhones, on Thursday reported a 12.3 percent year-on-year decline in revenue for last quarter to NT$257.86 billion (US$8.44 billion), but it expects revenue to improve in the second half on traditional holiday demand. The fourth quarter is usually the peak season for its communications products, a company official said on condition of anonymity. As Apple released its new iPhone 17 series early last month, sales in the communications segment rose sequentially last month, the official said. Shipments to Apple have been stable and in line with earlier expectations, they said. Pegatron shipped 2.4 million notebook
RSS