Cosmos Hotel & Resorts Group (天成飯店集團) yesterday said that it is to part with ICASA hotel by Cosmos Creation (回行旅) in Taichung, as the landlord has sold the property and terminated the lease contract.
From tomorrow, the Taipei-based hotel operator would not have anything to do with ICASA, the second property under the group’s Cosmos Creation (天成文旅) brand after the Sun Dialogue Hotel (繪日之丘) in Chiayi.
“We remain interested in Taichung and are in talks to open a new boutique hotel in 2022,” Cosmos Hotel & Resorts Group said in a statement.
The statement came amid market speculation that Cosmos plans to exit Taichung because of disappointing operations.
The reports are inaccurate, as ICASA improved in terms of revenue over the past one-and-a-half years, despite sharp competition in central Taiwan, the group said.
The local hotelier market last month saw the entry of The Place Taichung (台中大毅老爺行旅), and more facilities are in the pipeline to take advantage of tourism demand and enhancements to infrastructure.
Situated near Fengchia Night Market (逢甲夜市), ICASA offers 100 rooms targeting family and independent tourists with middle-level travel budgets.
The property owner is to keep the ICASA trademark.
Despite the loss of the contract, Cosmos is to go ahead with plans to open a resort in Hualien County’s Ruisuei Township (瑞穗) next quarter.
Last month, it launched Hua Shan Din (華山町) in downtown Taipei, also under the Cosmos Creation brand.
The series emphasizes local culture and customized designs to differentiate its properties from urban affiliates like Cosmos Taipei (台北天成大飯店) and the Taipei Garden Hotel (台北花園大酒店), in line with the group’s multi-brand marketing strategy.
BYPASSING CHINA TARIFFS: In the first five months of this year, Foxconn sent US$4.4bn of iPhones to the US from India, compared with US$3.7bn in the whole of last year Nearly all the iPhones exported by Foxconn Technology Group (富士康科技集團) from India went to the US between March and last month, customs data showed, far above last year’s average of 50 percent and a clear sign of Apple Inc’s efforts to bypass high US tariffs imposed on China. The numbers, being reported by Reuters for the first time, show that Apple has realigned its India exports to almost exclusively serve the US market, when previously the devices were more widely distributed to nations including the Netherlands and the Czech Republic. During March to last month, Foxconn, known as Hon Hai Precision Industry
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and the University of Tokyo (UTokyo) yesterday announced the launch of the TSMC-UTokyo Lab to promote advanced semiconductor research, education and talent development. The lab is TSMC’s first laboratory collaboration with a university outside Taiwan, the company said in a statement. The lab would leverage “the extensive knowledge, experience, and creativity” of both institutions, the company said. It is located in the Asano Section of UTokyo’s Hongo, Tokyo, campus and would be managed by UTokyo faculty, guided by directors from UTokyo and TSMC, the company said. TSMC began working with UTokyo in 2019, resulting in 21 research projects,
Taiwan’s property market is entering a freeze, with mortgage activity across the nation’s six largest cities plummeting in the first quarter, H&B Realty Co (住商不動產) said yesterday, citing mounting pressure on housing demand amid tighter lending rules and regulatory curbs. Mortgage applications in Taipei, New Taipei City, Taoyuan, Taichung, Tainan and Kaohsiung totaled 28,078 from January to March, a sharp 36.3 percent decline from 44,082 in the same period last year, the nation’s largest real-estate brokerage by franchise said, citing data from the Joint Credit Information Center (JCIC, 聯徵中心). “The simultaneous decline across all six cities reflects just how drastically the market
Ashton Hall’s morning routine involves dunking his head in iced Saratoga Spring Water. For the company that sells the bottled water — Hall’s brand of choice for drinking, brushing his teeth and submerging himself — that is fantastic news. “We’re so thankful to this incredible fitness influencer called Ashton Hall,” Saratoga owner Primo Brands Corp’s CEO Robbert Rietbroek said on an earnings call after Hall’s morning routine video went viral. “He really helped put our brand on the map.” Primo Brands, which was not affiliated with Hall when he made his video, is among the increasing number of companies benefiting from influencer
RSS