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.
RUN IT BACK: A succesful first project working with hyperscalers to design chips encouraged MediaTek to start a second project, aiming to hit stride in 2028 MediaTek Inc (聯發科), the world’s biggest smartphone chip supplier, yesterday said it is engaging a second hyperscaler to help design artificial intelligence (AI) accelerators used in data centers following a similar project expected to generate revenue streams soon. The first AI accelerator project is to bring in US$1 billion revenue next year and several billion US dollars more in 2027, MediaTek chief executive officer Rick Tsai (蔡力行) told a virtual investor conference yesterday. The second AI accelerator project is expected to contribute to revenue beginning in 2028, Tsai said. MediaTek yesterday raised its revenue forecast for the global AI accelerator used
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has secured three construction permits for its plan to build a state-of-the-art A14 wafer fab in Taichung, and is likely to start construction soon, the Central Taiwan Science Park Bureau said yesterday. Speaking with CNA, Wang Chun-chieh (王俊傑), deputy director general of the science park bureau, said the world’s largest contract chipmaker has received three construction permits — one to build a fab to roll out sophisticated chips, another to build a central utility plant to provide water and electricity for the facility and the other to build three office buildings. With the three permits, TSMC
The DBS Foundation yesterday announced the launch of two flagship programs, “Silver Motion” and “Happier Caregiver, Healthier Seniors,” in partnership with CCILU Ltd, Hondao Senior Citizens’ Welfare Foundation and the Garden of Hope Foundation to help Taiwan face the challenges of a rapidly aging population. The foundation said it would invest S$4.91 million (US$3.8 million) over three years to foster inclusion and resilience in an aging society. “Aging may bring challenges, but it also brings opportunities. With many Asian markets rapidly becoming super-aged, the DBS Foundation is working with a regional ecosystem of like-minded partners across the private, public and people sectors
BREAKTHROUGH TECH: Powertech expects its fan-out PLP system to become mainstream, saying it can offer three-times greater production throughput Chip packaging service provider Powertech Technology Inc (力成科技) plans to more than double its capital expenditures next year to more than NT$40 billion (US$1.31 billion) as demand for its new panel-level packaging (PLP) technology, primarily used in chips for artificial intelligence (AI) applications, has greatly exceeded what it can supply. A significant portion of the budget, about US$1 billion, would be earmarked for fan-out PLP technology, Powertech told investors yesterday. Its heavy investment in fan-out PLP technology over the past 10 years is expected to bear fruit in 2027 after the technology enters volume production, it said, adding that the tech would
RSS