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.
The government yesterday approved applications by Alphabet Inc’s Google to invest NT$27.08 billion (US$859.98 million) in Taiwan, the Ministry of Economic Affairs said in a statement. The Department of Investment Review approved two investments proposed by Google, with much of the funds to be used for data processing and electronic information supply services, as well as inventory procurement businesses in the semiconductor field, the ministry said. It marks the second consecutive year that Google has applied to increase its investment in Taiwan. Google plans to infuse NT$25.34 billion into Charter Investments Ltd (特許投資顧問) through its Singapore-based subsidiary Fructan Holdings Singapore Pte Ltd, and
Micron Technology Inc is a driving force pushing the US Congress to pass legislation that would put new export restrictions on equipment its Chinese competitors use to make their chips, according to people familiar with the matter. A US House of Representatives panel yesterday was to vote on the “MATCH Act,” a bill designed to close gaps in restrictions on chipmaking equipment. It would also pressure foreign companies that sell equipment to Chinese chipmaking facilities to align with export curbs on US companies like Lam Research Corp and Applied Materials Inc. The bill targets facilities operated by China’s ChangXin Memory Technologies Inc
Singapore-based ride-hailing and delivery giant Grab Holdings’ planned acquisition of Foodpanda’s Taiwan operations has yet to enter the formal review stage, as regulators await supplementary documents, the Fair Trade Commission (FTC) said yesterday. Acting FTC Chairman Chen Chih-min (陳志民) told the legislature’s Economics Committee that although Grab submitted its application on March 27, the case has not been officially accepted because required materials remain incomplete. Once the filing is finalized, the FTC would launch a formal probe into the deal, focusing on issues such as cross-shareholding and potential restrictions on market competition, Chen told lawmakers. Grab last month announced that it would acquire
SECOND-RATE: Models distilled from US products do not perform the same as the original and undo measures that ensure the systems are neutral, the US’ cable said The US Department of State has ordered a global push to bring attention to what it said are widespread efforts by Chinese companies, including artificial intelligence (AI) start-up DeepSeek (深度求索), to steal intellectual property from US AI labs, according to a diplomatic cable. The cable, dated Friday and sent to diplomatic and consular posts around the world, instructs diplomatic staff to speak to their foreign counterparts about “concerns over adversaries’ extraction and distillation of US AI models.” Distillation is the process of training smaller AI models using output from larger, more expensive ones to lower the costs of training a powerful new
RSS