Upscale hotel chain Westin Hotels & Resorts yesterday opened its first hotel in Taoyuan’s Dasi District (大溪), aided by a former technology heavyweight making his first foray into the local hospitality industry.
The new facility is next to the Dasi Golf Course, one of the nation’s most expensive golf clubs, which Li Fu Investment Co (笠復投資) acquired from the cash-strapped Hone Shee Group (鴻禧集團).
“We spent NT$4 billion [US$122.92 million] renovating the hotel complex over the past three years and partnered with Starwood Hotels and Resorts Worldwide Inc to utilize its industry experience,” said Westin Tashee executive director Jennifer Huang (黃郁婷), who is the daughter of property owner John Huang (黃震智).
“Starwood is familiar with the local market after setting up the Westin Taipei, Grand Sheraton Taipei, W Hotel Taipei and Le Meridien Taipei hotels,” said Jenniffer Huang, who went to college at the Lausanne Hotel School in Switzerland.
Her father, a keen golfer and luxury-car importer, used to own the second-largest digital camera supplier in Taiwan, but in 2006 sold Premier Technology Co (普立爾) to Hon Hai Precision Industry Co (鴻海精密), local media said.
John Huang, now chairman of Li Fu Investment, stepped in to buy the 200-hectare golf resort after developers voiced plans to turn the property into a cemetery.
“It would be a shame for the golf course, the site of world-class events that drew legendary players such as Tiger Woods, Vijay Singh, Ernie Els, Nick Faldo and Jim Furyk,” John Huang said.
With 205 newly decorated guestrooms, the Westin Tashee is to offer golfers special rates to boost occupancy, and food and beverage sales, general manager Philip Kang (江培材) said.
“Our top priority is to build the hotel’s reputation and to that end, we plan to adopt a conservative pricing strategy in the first year,” Kang said at the grand opening.
Westin Tashee expects first-year occupancy rates to hover at about 50 percent and average daily room rates to be NT$6,500, Kang said.
The target is achievable given the hotel’s convenient location, artistic room designs and well-integrated recreational facilities, including two restaurants, a lounge bar, swimming pools, a fitness center and other amenities, he said.
The hotel is one hour’s drive from Taipei and the nearby town of Yingge (鶯歌), known as the center of ceramics and pottery in Taiwan, is a quaint community with 2,000 shops and many artisans.
Local tourists are expected to account for 85 percent of customers, Kang said.
UNPRECEDENTED PACE: Micron Technology has announced plans to expand manufacturing capabilities with the acquisition of a new chip plant in Miaoli Micron Technology Inc unveiled a newly acquired chip plant in Miaoli County yesterday, as the company expands capacity to meet growing demand for advanced DRAM chips, including high-bandwidth memory chips amid the artificial intelligence boom. The plant in Miaoli County’s Tongluo Township (銅鑼), which Micron acquired from Powerchip Semiconductor Manufacturing Corp (力積電) for US$1.8 billion, is expected to make a sizeable capacity contribution to the company from fiscal 2028, the company said in a statement. It would be an extended production site of Micron’s large-scale manufacturing hub in Taichung, the company said. As the global semiconductor industry is racing to reach US$1 trillion
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
ABOVE LEGAL REQUIREMENT: The Ministry of Economic Affairs is prepared if LNG supply is disrupted, with more than the legal requirement of 11 days of inventory Taiwan has largely secured liquefied natural gas (LNG) supplies through May and arranged about half of June’s supply, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said yesterday. Since the Middle East conflict began on Feb. 28, Taiwan’s LNG inventories have remained more than 12 days, exceeding the legal requirement of 11 days, indicating no major supply concerns for domestic gas and electricity, Kung said at a meeting of the legislature’s Economics Committee in Taipei. The ministry aims to increase the figure to 14 days by the end of next year, he said. While one or two LNG or crude oil shipments for May
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s