Farglory Group (遠雄集團) is partnering with the InterContinental Hotels Group PLC to launch a new hotel next to the Taipei Dome under the British hospitality conglomerate’s brand, helping the name make a comeback in Taipei after 22 years, local media said.
However, InterContinental is to cease management of Hotel Indigo Hsinchu Science Park (新竹英迪格) next month, after the group ended its management of Imperial Hotel Taipei (台北華國大飯店) in the early days of the COVID-19 pandemic, the reports said.
The new property would be InterContinental’s fourth in Taipei after Kimpton Da An Hotel (金普頓大安酒店), Regent Taipei (台北晶華酒店) and Hotel Indigo Taipei North (英迪格).
Farglory Group previously intended to run the new property — featuring 400 guestrooms, four restaurants and additional banquet facilities — under its own Farglory (遠雄悅來飯店) brand, the reports said
The partnership with the British company would require adjustments and push back the new hotel’s opening to 2024, although construction of the building is mostly completed, the reports said.
InterContinental is seeking to increase its presence in Taiwan and is planning to open a new resort, Hotel Indigo Alishan, in the fourth quarter of this year, the reports said.
The property would have 84 luxury guestrooms near Alishan National Forest Recreation Area (阿里山國家森林遊樂區) in Chiayi County, they said.
However, InterContinental is to cease management at Hotel Indigo Hsinchu Science Park at the end of this month, and the property, owned by Riant Capital Ltd (子樂投資), would change its name to Hotel Episode Hsinchu (新竹伊普索酒店), communications officials said.
Riant Capital launched Hotel Indigo in 2018 on the former site of the unprofitable Miramar Hotel Hsinchu (新竹美麗信酒店), which closed in November 2017.
The name change is reportedly expected to cut losses, as the pandemic continues to weigh on the hospitality industry, especially properties heavily reliant on international business travelers.
While Hotel Indigo is wooing tech-savvy guests, Hotel Episode Hsinchu would target travelers seeking creative experiences, the officials said.
To many, Tatu City on the outskirts of Nairobi looks like a success. The first city entirely built by a private company to be operational in east Africa, with about 25,000 people living and working there, it accounts for about two-thirds of all foreign investment in Kenya. Its low-tax status has attracted more than 100 businesses including Heineken, coffee brand Dormans, and the biggest call-center and cold-chain transport firms in the region. However, to some local politicians, Tatu City has looked more like a target for extortion. A parade of governors have demanded land worth millions of dollars in exchange
An Indonesian animated movie is smashing regional box office records and could be set for wider success as it prepares to open beyond the Southeast Asian archipelago’s silver screens. Jumbo — a film based on the adventures of main character, Don, a large orphaned Indonesian boy facing bullying at school — last month became the highest-grossing Southeast Asian animated film, raking in more than US$8 million. Released at the end of March to coincide with the Eid holidays after the Islamic fasting month of Ramadan, the movie has hit 8 million ticket sales, the third-highest in Indonesian cinema history, Film
BIG BUCKS: Chairman Wei is expected to receive NT$34.12 million on a proposed NT$5 cash dividend plan, while the National Development Fund would get NT$8.27 billion Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday announced that its board of directors approved US$15.25 billion in capital appropriations for long-term expansion to meet growing demand. The funds are to be used for installing advanced technology and packaging capacity, expanding mature and specialty technology, and constructing fabs with facility systems, TSMC said in a statement. The board also approved a proposal to distribute a NT$5 cash dividend per share, based on first-quarter earnings per share of NT$13.94, it said. That surpasses the NT$4.50 dividend for the fourth quarter of last year. TSMC has said that while it is eager
‘IMMENSE SWAY’: The top 50 companies, based on market cap, shape everything from technology to consumer trends, advisory firm Visual Capitalist said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) was ranked the 10th-most valuable company globally this year, market information advisory firm Visual Capitalist said. TSMC sat on a market cap of about US$915 billion as of Monday last week, making it the 10th-most valuable company in the world and No. 1 in Asia, the publisher said in its “50 Most Valuable Companies in the World” list. Visual Capitalist described TSMC as the world’s largest dedicated semiconductor foundry operator that rolls out chips for major tech names such as US consumer electronics brand Apple Inc, and artificial intelligence (AI) chip designers Nvidia Corp and Advanced